Eco-Growth Strategies Inc. (ECGS)

Eco-Growth Strategies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2006	FY 2005
Period Ending	Dec 31, 2006	Dec 31, 2005
Net Income	-1.09	-0.54
Depreciation & Amortization	0.19	0.18
Other Amortization	0.1	-
Loss (Gain) From Sale of Assets	-0	-
Stock-Based Compensation	-	0
Change in Accounts Receivable	0.37	-0.02
Change in Accounts Payable	0.4	0.35
Change in Unearned Revenue	-0.14	0.05
Change in Other Net Operating Assets	0	0.01
Operating Cash Flow	-0.17	0.03
Capital Expenditures	-0.1	-0.26
Investment in Securities	-0	-
Other Investing Activities	-	0.02
Investing Cash Flow	-0.1	-0.25
Short-Term Debt Issued	0.18	0.3
Total Debt Issued	0.18	0.3
Short-Term Debt Repaid	-0.05	-
Long-Term Debt Repaid	-0.14	-0.12
Total Debt Repaid	-0.19	-0.12
Net Debt Issued (Repaid)	-0.02	0.18
Issuance of Common Stock	0.29	-
Financing Cash Flow	0.27	0.18
Net Cash Flow	-0.01	-0.03
Free Cash Flow	-0.27	-0.23
Free Cash Flow Margin	-3.98%	-3.25%
Free Cash Flow Per Share	-0.02	-
Cash Interest Paid	0.11	0.17
Levered Free Cash Flow	0.61	-
Unlevered Free Cash Flow	0.66	-
Change in Working Capital	0.63	0.38

Source: S&P Global Market Intelligence. Standard template. Financial Sources.