U.S. Energy Initiatives Corporation Inc. (USEI)

USEI Balance Sheet

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

Fiscal Year	FY 2011	FY 2010	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2011	Dec 31, 2010	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Cash & Equivalents	0.01	-	0	0.82	0
Cash & Short-Term Investments	0.01	-	0	0.82	0
Cash Growth	-	-	-99.52%	40322.57%	33650.00%
Accounts Receivable	0.02	-	0.3	0.37	0.03
Receivables	0.02	-	0.3	0.37	0.03
Inventory	0.55	0.57	0.63	0.16	0.04
Prepaid Expenses	-	-	0.05	0.03	0.01
Other Current Assets	-	-	1.17	0.97	-
Total Current Assets	0.58	0.57	2.16	2.36	0.07
Property, Plant & Equipment	-	-	0.55	0.57	0.01
Goodwill	-	-	-	0.06	-
Other Intangible Assets	-	-	-	0.87	-
Other Long-Term Assets	-	-	0.68	-	-
Total Assets	0.58	0.57	3.39	3.86	0.08
Accounts Payable	0.24	0.12	0.97	0.53	0.12
Accrued Expenses	0.22	0.11	-	-	0.13
Short-Term Debt	-	-	2.05	2.06	0.47
Other Current Liabilities	-	-	1.16	1.54	0.03
Total Current Liabilities	0.46	0.23	4.18	4.13	0.75
Long-Term Debt	2.16	2.16	-	-	-
Total Liabilities	2.62	2.39	4.18	4.13	0.75
Common Stock	0.26	0.26	0.2	0.11	0.07
Additional Paid-In Capital	29.14	29.14	27.22	17	8.68
Retained Earnings	-31.45	-31.23	-28.21	-17.18	-8.92
Comprehensive Income & Other	-	-	-	-0.2	-0.5
Total Common Equity	-2.05	-1.82	-0.79	-0.27	-0.67
Shareholders' Equity	-2.05	-1.82	-0.79	-0.27	-0.67
Total Liabilities & Equity	0.58	0.57	3.39	3.86	0.08
Total Debt	2.16	2.16	2.05	2.06	0.47
Net Cash (Debt)	-2.16	-2.16	-2.05	-1.24	-0.47
Net Cash Per Share	-0.01	-0.01	-0.02	-0.01	-0.02
Filing Date Shares Outstanding	261.4	261.4	198.15	105.91	65.51
Total Common Shares Outstanding	261.4	261.4	198.15	105.91	65.51
Working Capital	0.12	0.34	-2.02	-1.77	-0.68
Book Value Per Share	-0.01	-0.01	-0.00	-0.00	-0.01
Tangible Book Value	-2.05	-1.82	-0.79	-1.21	-0.67
Tangible Book Value Per Share	-0.01	-0.01	-0.00	-0.01	-0.01
Buildings	-	-	-	-	0
Machinery	-	-	0.57	0.49	0.11
Leasehold Improvements	-	-	0.22	0.23	0

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