TreeCon Resources, Inc. (TCOR)

TreeCon Resources Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	FY 2008	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Sep 30, 2008	Sep 30, 2003	Sep 30, 2002	Sep 30, 2001	Sep 30, 2000
Cash & Equivalents	1.54	2.56	2.33	0.69	0.96
Cash & Short-Term Investments	1.54	2.56	2.33	0.69	0.96
Cash Growth	-40.00%	10.09%	239.14%	-28.75%	156.62%
Accounts Receivable	14.24	2.19	1.9	3.4	2.35
Other Receivables	-	0.72	1.04	1.93	0.96
Receivables	14.24	4.92	5.14	9.52	6.96
Inventory	10.98	9.13	13.48	16.37	17.33
Prepaid Expenses	-	1.05	1.63	1.45	2.54
Other Current Assets	0.65	-	18.26	18.02	21.32
Total Current Assets	27.41	19.95	44.78	51.08	53.25
Property, Plant & Equipment	4.43	4.78	4.67	3.86	3.72
Goodwill	-	-	-	3.61	3.9
Other Long-Term Assets	4.59	3.38	3.12	4.02	6.56
Total Assets	36.44	28.55	55.02	65.19	69.52
Accounts Payable	2.47	0.85	1.51	2.09	1.56
Accrued Expenses	-	3.51	1.69	1.07	0.78
Short-Term Debt	6.69	-	5.15	13.31	10.53
Current Portion of Long-Term Debt	-	22.66	2.84	-	1.12
Total Current Liabilities	9.16	27.02	11.19	16.47	13.99
Long-Term Debt	14.68	0.54	23.77	22.34	20.75
Other Long-Term Liabilities	-	0.54	16.99	18.34	25.68
Total Liabilities	23.84	28.09	51.95	57.15	60.41
Common Stock	0.19	0.19	0.19	0.19	0.18
Additional Paid-In Capital	28.23	28.16	28.16	28.16	27.65
Retained Earnings	-15.22	-27.82	-24.78	-19.8	-18.72
Comprehensive Income & Other	-0.6	-0.06	-0.5	-0.5	-
Total Common Equity	12.59	0.46	3.07	8.05	9.11
Shareholders' Equity	12.59	0.46	3.07	8.05	9.11
Total Liabilities & Equity	36.44	28.55	55.02	65.19	69.52
Total Debt	21.37	23.2	31.76	35.65	32.4
Net Cash (Debt)	-19.83	-20.64	-29.44	-34.96	-31.43
Net Cash Per Share	-1.07	-1.11	-1.58	-1.96	-1.74
Filing Date Shares Outstanding	18.62	18.62	18.62	18.62	17.83
Total Common Shares Outstanding	18.62	18.62	18.62	18.62	17.81
Working Capital	18.25	-7.06	33.58	34.61	39.27
Book Value Per Share	0.68	0.02	0.16	0.43	0.51
Tangible Book Value	12.59	0.46	3.07	4.44	5.22
Tangible Book Value Per Share	0.68	0.02	0.16	0.24	0.29
Land	-	0.66	0.66	0.43	0.43
Buildings	-	5.08	4.23	2.72	2.64
Machinery	-	2.27	2.69	3.05	2.55

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