Red Oak Hereford Farms Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 1999	FY 1998	FY 1997	FY 1996
Period Ending	Sep '00 Sep 30, 2000	Dec '99 Dec 31, 1999	Dec '98 Dec 31, 1998	Dec '97 Dec 31, 1997	Dec '96 Dec 31, 1996
Cash & Equivalents	0.12	0.02	0.02	0.01	-
Cash & Short-Term Investments	0.12	0.02	0.02	0.01	-
Cash Growth	88.67%	6.14%	23.75%	-	-
Accounts Receivable	2.57	1.33	1.04	4.02	4.49
Other Receivables	-	0.28	-	-	-
Receivables	2.57	1.6	1.04	4.02	4.49
Inventory	4.9	3.14	0.92	0.99	1.02
Prepaid Expenses	0.44	0.07	0.11	0.1	0.11
Restricted Cash	0.4	0.42	0.21	-	-
Total Current Assets	8.43	5.25	2.29	5.12	5.62
Property, Plant & Equipment	0.38	0.35	0.34	0.31	0.3
Long-Term Investments	0.02	0.02	0.04	0.5	-
Other Long-Term Assets	0.3	0.44	0.29	0.05	0.07
Total Assets	9.14	6.06	2.97	5.98	5.99
Accounts Payable	2.47	2.14	2.11	0.6	2.33
Accrued Expenses	0.4	0.46	0.64	0.1	0.13
Short-Term Debt	3.7	1.87	0.97	1.27	0.85
Current Portion of Long-Term Debt	0.36	2.42	1.12	1.03	1.02
Current Unearned Revenue	-	0.1	0.1	0.1	-
Total Current Liabilities	6.93	6.99	4.94	3.1	4.32
Long-Term Debt	4.3	2.47	1.16	0.97	0.48
Long-Term Unearned Revenue	-	0.2	0.2	0.2	0.3
Total Liabilities	11.22	9.66	6.3	4.27	5.1
Common Stock	0.02	0.02	0.02	0.01	-
Additional Paid-In Capital	16.36	10.9	7.38	5.74	-
Retained Earnings	-18.46	-14.3	-10.63	-4.05	-
Comprehensive Income & Other	-	-	-	-	0.89
Total Common Equity	-2.08	-3.38	-3.23	1.7	0.89
Minority Interest	-0.01	-0.22	-0.1	-	-
Shareholders' Equity	-2.09	-3.6	-3.33	1.7	0.89
Total Liabilities & Equity	9.14	6.06	2.97	5.98	5.99
Total Debt	8.35	6.77	3.25	3.27	2.34
Net Cash (Debt)	-8.23	-6.75	-3.23	-3.26	-2.34
Net Cash Per Share	-0.51	-0.43	-0.22	-0.24	-0.19
Filing Date Shares Outstanding	16.03	16.02	15	14.68	12.5
Total Common Shares Outstanding	16.03	16.03	15	14.43	12.5
Working Capital	1.51	-1.74	-2.65	2.02	1.3
Book Value Per Share	-0.13	-0.21	-0.22	0.12	0.07
Tangible Book Value	-2.08	-3.38	-3.23	1.7	0.89
Tangible Book Value Per Share	-0.13	-0.21	-0.22	0.12	0.07
Buildings	-	0.29	0.29	0.29	0.28
Machinery	-	0.38	0.34	0.24	0.18

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