Gulf Alternative Energy Corp. (GAEC)

Gulf Alternative Energy Balance Sheet

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

Fiscal Year	TTM	FY 2008	FY 2007	FY 2006	FY 2005
Period Ending	Mar 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005
Cash & Equivalents	0.03	0	0.01	0.05	0.05
Cash & Short-Term Investments	0.03	0	0.01	0.05	0.05
Cash Growth	419.80%	-98.86%	-75.90%	7.56%	-
Receivables	-	-	-	0.01	0.09
Total Current Assets	0.03	0	0.01	0.07	0.14
Other Long-Term Assets	0.01	0.01	-	-	0.01
Total Assets	0.05	0.02	0.01	0.07	0.15
Accounts Payable	0.07	0.08	0.03	0.01	-
Accrued Expenses	-	-	-	-	0.02
Short-Term Debt	0.3	0.24	0.25	-	0.28
Total Current Liabilities	0.37	0.32	0.28	0.01	0.3
Total Liabilities	0.37	0.32	0.28	0.01	0.3
Common Stock	0	0.01	0	0.01	0.01
Additional Paid-In Capital	4.73	6.34	4.11	0.21	0.01
Retained Earnings	-5.15	-6.74	-4.38	-0.16	-0.17
Total Common Equity	-0.42	-0.4	-0.27	0.05	-0.15
Shareholders' Equity	-0.32	-0.3	-0.27	0.05	-0.15
Total Liabilities & Equity	0.05	0.02	0.01	0.07	0.15
Total Debt	0.3	0.24	0.25	-	0.28
Net Cash (Debt)	-0.27	-0.24	-0.24	0.05	-0.22
Net Cash Per Share	-0.12	-0.11	-0.15	0.10	-1.32
Filing Date Shares Outstanding	2.6	2.53	2.06	0.55	0.17
Total Common Shares Outstanding	2.6	2.53	1.96	0.55	0.17
Working Capital	-0.34	-0.32	-0.27	0.05	-0.16
Book Value Per Share	-0.16	-0.16	-0.14	0.10	-0.90
Tangible Book Value	-0.42	-0.4	-0.27	0.05	-0.15
Tangible Book Value Per Share	-0.16	-0.16	-0.14	0.10	-0.90

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