Green Energy Resources, Inc. (GRGR)

Green Energy Resources Cash Flow Statement

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

Fiscal Year	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2006	Dec 31, 2005	Nov 30, 2004
Net Income	0.01	0.14	0.32
Depreciation & Amortization	0.01	0.01	0.01
Change in Accounts Receivable	-	0.6	-0.65
Change in Inventory	0.06	-0.11	-0.56
Change in Accounts Payable	-0.01	0.01	-
Change in Unearned Revenue	-	-0.57	0.62
Change in Income Taxes	-0.15	-0.05	0.22
Change in Other Net Operating Assets	-0.12	-	-0.07
Operating Cash Flow	-0.18	0.03	-0.12
Issuance of Common Stock	0.32	-	0.12
Other Financing Activities	-0.13	-	-
Financing Cash Flow	0.2	-	0.12
Net Cash Flow	0.01	0.03	0
Levered Free Cash Flow	-0.37	-	-
Unlevered Free Cash Flow	-0.37	-	-
Change in Working Capital	-0.21	-0.12	-0.45

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