Hydrogen Engine Center, Inc. (HYEG)

Hydrogen Engine Center Balance Sheet

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

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Cash & Equivalents	0.04	0.71	1.15	2.35	0.02
Cash & Short-Term Investments	0.04	0.71	1.15	2.35	0.02
Cash Growth	-94.88%	-37.93%	-51.02%	11744.95%	-60.27%
Accounts Receivable	0.22	0.13	0.2	0	-
Other Receivables	-	-	-	0.13	-
Receivables	0.22	0.13	0.2	0.13	-
Inventory	0.49	1.66	2	0.21	0.1
Prepaid Expenses	0.06	0.09	0.07	0.08	0
Restricted Cash	-	0.12	0.35	-	-
Total Current Assets	0.81	2.71	3.78	2.76	0.13
Property, Plant & Equipment	3.03	3.28	3.27	2.06	0.06
Total Assets	3.84	5.99	7.05	4.82	0.19
Accounts Payable	0.34	0.15	0.5	0.24	0
Accrued Expenses	0.5	0.3	0.27	0.07	0.02
Short-Term Debt	0.58	0.59	0.57	0.26	-
Current Portion of Long-Term Debt	0.29	0.03	0.05	0.02	-
Current Portion of Leases	0.06	0.05	0.01	-	-
Current Unearned Revenue	0.12	0.03	0.17	-	-
Other Current Liabilities	0.05	0.04	0.03	0.23	-
Total Current Liabilities	1.94	1.19	1.59	0.83	0.02
Long-Term Debt	1.28	1.34	1.37	0.79	0.29
Long-Term Leases	0.02	0.08	0.04	-	-
Total Liabilities	3.24	2.6	3.01	1.62	0.31
Common Stock	0.03	0.03	0.03	0.03	0
Additional Paid-In Capital	16.43	15.86	11.16	4.84	0.14
Retained Earnings	-15.86	-12.51	-7.13	-1.38	-0.26
Comprehensive Income & Other	0	-0	-0.01	-0.28	-
Total Common Equity	0.6	3.38	4.04	3.2	-0.12
Shareholders' Equity	0.6	3.38	4.05	3.2	-0.12
Total Liabilities & Equity	3.84	5.99	7.05	4.82	0.19
Total Debt	2.23	2.09	2.04	1.08	0.29
Net Cash (Debt)	-2.19	-1.38	-0.89	1.27	-0.27
Net Cash Per Share	-0.08	-0.05	-0.04	0.07	-0.02
Filing Date Shares Outstanding	30.21	27.59	26.14	25.16	7.6
Total Common Shares Outstanding	30.16	27.59	26.14	25.16	7.6
Working Capital	-1.12	1.52	2.18	1.94	0.11
Book Value Per Share	0.02	0.12	0.15	0.13	-0.02
Tangible Book Value	0.6	3.38	4.04	3.2	-0.12
Tangible Book Value Per Share	0.02	0.12	0.15	0.13	-0.02
Land	0.47	0.47	0.47	0.2	-
Buildings	2.27	2.27	2.15	0.3	0.01
Machinery	0.9	0.91	0.76	0.28	0.07
Construction In Progress	-	-	0.06	1.32	-
Leasehold Improvements	-	-	0.02	0.02	0.01

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