Urban Television Network Balance Sheet

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2006	FY 2005	FY 2004	FY 2003	FY 2002
Period Ending	Jun '07 Jun 30, 2007	Sep '06 Sep 30, 2006	Sep '05 Sep 30, 2005	Sep '04 Sep 30, 2004	Sep '03 Sep 30, 2003	Sep '02 Sep 30, 2002
Cash & Equivalents	0	0	0.04	0.01	0.24	0
Cash & Short-Term Investments	0	0	0.04	0.01	0.24	0
Cash Growth	-98.39%	-91.27%	348.79%	-96.18%	29252.62%	-
Receivables	-	-	0.01	0.01	0	0.01
Total Current Assets	0.15	0	0.05	0.02	0.24	0.01
Property, Plant & Equipment	-	0.04	0.1	0.14	0.03	0.03
Other Intangible Assets	-	0.04	0.06	0.1	0.14	0.18
Long-Term Deferred Charges	0	0	0	0	0	0
Other Long-Term Assets	-	-	4.6	-	-	-
Total Assets	0.15	0.08	4.82	0.26	0.41	0.22
Accounts Payable	1.14	0.98	0.4	0.33	0.1	0.06
Accrued Expenses	0.92	0.68	0.35	0.16	0	0.01
Short-Term Debt	0.51	0.86	0.49	0.4	0.37	0.2
Current Unearned Revenue	-	-	-	0.07	-	-
Other Current Liabilities	0.67	0.67	0.67	-	-	-
Total Current Liabilities	3.24	3.18	1.9	0.96	0.47	0.27
Total Liabilities	3.24	3.18	1.9	0.96	0.47	0.27
Common Stock	0.01	0.01	0.01	0.01	0	0
Additional Paid-In Capital	22.29	21.58	27.92	23.68	8.06	5.97
Retained Earnings	-25.49	-24.79	-18.43	-15.59	-8.06	-6.03
Comprehensive Income & Other	-	-	-6.69	-8.8	-0.06	-
Total Common Equity	-3.18	-3.2	2.81	-0.71	-0.06	-0.05
Shareholders' Equity	-3.08	-3.1	2.91	-0.71	-0.06	-0.05
Total Liabilities & Equity	0.15	0.08	4.82	0.26	0.41	0.22
Total Debt	0.51	0.86	0.49	0.4	0.37	0.2
Net Cash (Debt)	-0.51	-0.86	-0.45	-0.39	-0.13	-0.2
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.01	-0.30
Filing Date Shares Outstanding	130.16	92.58	135.46	67.14	23.71	1.12
Total Common Shares Outstanding	130.16	77.82	135.46	67.14	23.71	1.12
Working Capital	-3.08	-3.18	-1.85	-0.94	-0.23	-0.26
Book Value Per Share	-0.02	-0.04	0.02	-0.01	-0.00	-0.05
Tangible Book Value	-3.18	-3.24	2.75	-0.8	-0.2	-0.23
Tangible Book Value Per Share	-0.02	-0.04	0.02	-0.01	-0.01	-0.20
Machinery	-	0.21	0.21	0.19	0.04	-

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