Laser Energetics, Inc. (LNGT)

Laser Energetics Balance Sheet

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

Fiscal Year	FY 2005	FY 2004
Period Ending	Dec 31, 2005	Dec 31, 2004
Cash & Equivalents	0.02	0.13
Cash & Short-Term Investments	0.02	0.13
Cash Growth	-86.52%	-
Receivables	-	0.01
Inventory	0.31	0.31
Prepaid Expenses	0	0
Total Current Assets	0.33	0.45
Property, Plant & Equipment	0.07	-
Other Intangible Assets	0.3	0.3
Long-Term Deferred Charges	0.01	0.07
Other Long-Term Assets	0.01	0.01
Total Assets	0.71	0.82
Accounts Payable	2.09	1.5
Short-Term Debt	0.71	0.48
Current Portion of Long-Term Debt	2.02	1.36
Other Current Liabilities	0.1	-
Total Current Liabilities	4.92	3.33
Long-Term Debt	0.18	2.01
Total Liabilities	5.09	5.34
Common Stock	0.12	0.37
Additional Paid-In Capital	8.45	6.43
Retained Earnings	-12.94	-11.31
Treasury Stock	-0.02	-0.02
Shareholders' Equity	-4.38	-4.52
Total Liabilities & Equity	0.71	0.82
Total Debt	2.9	3.85
Net Cash (Debt)	-2.89	-3.72
Net Cash Per Share	-0.01	-0.01
Filing Date Shares Outstanding	119.61	343.17
Total Common Shares Outstanding	119.61	343.17
Working Capital	-4.59	-2.89
Book Value Per Share	-0.04	-0.01
Tangible Book Value	-4.68	-4.82
Tangible Book Value Per Share	-0.04	-0.01
Buildings	0.15	0.08
Machinery	1.11	1.1
Leasehold Improvements	0.15	0.08

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