Biochar Now Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2013	FY 2012	FY 2011	FY 2010	FY 2009
Period Ending	Mar '14 Mar 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009
Cash & Equivalents	14.86	11.89	12.08	12.43	14.94	7.3
Cash & Short-Term Investments	14.86	11.89	12.08	12.43	14.94	7.3
Cash Growth	10.14%	-1.63%	-2.81%	-16.78%	104.60%	609.15%
Accounts Receivable	8.51	14.84	9.31	4.48	0.01	0
Other Receivables	0.98	-	-	1.22	0.29	0.36
Receivables	9.48	14.84	9.31	5.7	0.3	0.36
Inventory	17.32	14.72	18.7	16.86	10.72	6.81
Prepaid Expenses	0.22	0.14	0.13	0.88	0.19	0.28
Restricted Cash	-	-	-	-	2.28	-
Other Current Assets	6.94	7.43	1.83	-	-	-
Total Current Assets	48.82	49	42.04	35.87	28.43	14.76
Property, Plant & Equipment	11.8	11.61	10.22	8.33	4.89	4.61
Other Intangible Assets	0.66	0.67	0.66	0.67	0.66	0.66
Other Long-Term Assets	0.2	0.2	0.2	0.21	0.2	-
Total Assets	61.48	61.49	53.13	45.08	34.18	20.02
Accounts Payable	1.34	0.61	4.08	8.74	8.81	8.69
Accrued Expenses	0.55	1.55	0.91	0.71	0.69	0.74
Short-Term Debt	1.07	0.93	0.52	1.47	4.62	1.42
Current Income Taxes Payable	0.3	0.45	1.03	1.14	0.88	0.46
Other Current Liabilities	-	-	-	-	0.04	0.05
Total Current Liabilities	3.26	3.55	6.54	12.07	15.04	11.35
Total Liabilities	3.26	3.55	6.54	12.07	15.04	11.35
Common Stock	0.01	0.01	0.01	0.01	0.02	0.02
Additional Paid-In Capital	2.83	2.81	2.77	1.3	1.29	1.23
Retained Earnings	51.73	50.97	41.27	29.43	16.64	6.71
Comprehensive Income & Other	3.65	4.15	2.55	2.26	1.2	0.71
Shareholders' Equity	58.21	57.94	46.6	33.01	19.15	8.67
Total Liabilities & Equity	61.48	61.49	53.13	45.08	34.18	20.02
Total Debt	1.07	0.93	0.52	1.47	4.62	1.42
Net Cash (Debt)	13.79	10.95	11.57	10.96	10.32	5.88
Net Cash Growth	7.71%	-5.30%	5.48%	6.26%	75.43%	471.19%
Net Cash Per Share	1.32	1.05	1.12	1.10	1.03	0.89
Filing Date Shares Outstanding	10.41	10.41	10.41	10	10	10
Total Common Shares Outstanding	10.41	10.41	10.41	10	10	10
Working Capital	45.55	45.46	35.51	23.8	13.39	3.41
Book Value Per Share	5.59	5.57	4.48	3.30	1.91	0.87
Tangible Book Value	57.55	57.27	45.93	32.33	18.49	8.02
Tangible Book Value Per Share	5.53	5.50	4.41	3.23	1.85	0.80
Buildings	8.7	8.01	7.43	6.65	4.83	4.69
Machinery	6.08	5.74	5.04	3.06	1.05	0.79
Construction In Progress	-	0.53	-	0.17	-	-
Leasehold Improvements	1.74	1.76	1	0.84	0.77	0.42

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