Goldsands Development Company (GSDC)

GSDC Balance Sheet

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

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Sep 30, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
Cash & Equivalents	0.04	0	0.21	0.07	0.05	0.03
Cash & Short-Term Investments	0.04	0	0.21	0.07	0.05	0.03
Cash Growth	-2.04%	-97.96%	208.09%	21.85%	98.90%	56.71%
Other Receivables	0.17	0.11	0.13	0.06	0	-
Receivables	0.17	0.11	0.13	0.06	0	-
Prepaid Expenses	0.01	0.02	0.02	0.27	0.05	-
Total Current Assets	0.22	0.13	0.35	0.4	0.11	0.03
Property, Plant & Equipment	0.13	0.16	20.05	5.22	0.48	0.51
Other Intangible Assets	-	0	0.03	0.05	-	-
Total Assets	0.35	0.3	20.43	5.67	0.59	0.54
Accounts Payable	1.57	1.8	0.6	0.35	0.06	0.01
Accrued Expenses	0.23	0.02	0.15	-	-	-
Short-Term Debt	-	0.45	-	0.01	0.79	0.74
Current Portion of Long-Term Debt	0.12	0.61	-	-	-	-
Other Current Liabilities	0.15	0.41	1.09	0.2	0.01	-
Total Current Liabilities	2.07	3.3	1.83	0.56	0.86	0.75
Long-Term Debt	0.4	2.57	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	0.75	-	-	-
Total Liabilities	2.47	5.87	2.59	0.56	0.86	0.75
Common Stock	0.19	0.09	0.08	0.06	0.05	0.05
Additional Paid-In Capital	43.07	33.45	25.34	7.95	1.25	0.1
Retained Earnings	-50.71	-43.88	-16.62	-6.87	-1.57	-0.35
Comprehensive Income & Other	5.32	4.77	3.64	3.98	-	-
Total Common Equity	-2.12	-5.57	12.43	5.11	-0.27	-0.21
Minority Interest	-	-	5.41	-	-	-
Shareholders' Equity	-2.12	-5.57	17.84	5.11	-0.27	-0.21
Total Liabilities & Equity	0.35	0.3	20.43	5.67	0.59	0.54
Total Debt	0.53	3.64	-	0.01	0.79	0.74
Net Cash (Debt)	-0.49	-3.63	0.21	0.05	-0.73	-0.71
Net Cash Growth	-	-	278.45%	-	-	-
Net Cash Per Share	-0.00	-0.04	0.00	0.00	-0.02	-0.02
Filing Date Shares Outstanding	190.19	187.52	78.06	58.47	50.46	46
Total Common Shares Outstanding	190.19	88.16	78.06	58.47	48.58	46
Working Capital	-1.85	-3.17	-1.48	-0.16	-0.75	-0.72
Book Value Per Share	-0.01	-0.06	0.16	0.09	-0.01	-0.00
Tangible Book Value	-2.12	-5.57	12.41	5.06	-0.27	-0.21
Tangible Book Value Per Share	-0.01	-0.06	0.16	0.09	-0.01	-0.00
Machinery	0.31	0.29	0.15	0.1	-	-

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