US Global Nanospace, Inc. (USGA)

US Global Nanospace Cash Flow Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Dec 31, 2006	Mar 31, 2006	Mar 31, 2005	Mar 31, 2004	Mar 31, 2003
Net Income	-3.88	-5.45	-3.84	-7.29	-7.05
Stock-Based Compensation	2.27	3.84	2.02	3.7	3.09
Other Operating Activities	-	-	-	-0.3	-0.62
Change in Accounts Receivable	0	0.07	-0.11	-0.01	-
Change in Inventory	0	-0	0	-0	-
Change in Accounts Payable	0.34	0.52	1.13	0.34	0.92
Change in Other Net Operating Assets	1.27	0.79	0.67	2.81	0.42
Operating Cash Flow	0	-0.23	-0.13	-0.76	-3.24
Cash Acquisitions	-	-	-	-	0
Investing Cash Flow	-	-	-	-	0
Short-Term Debt Issued	-	-	-	0	3.24
Long-Term Debt Issued	-	0.31	0.43	1.21	-
Total Debt Issued	0.02	0.31	0.43	1.22	3.24
Long-Term Debt Repaid	-	-0.11	-0.42	-0.44	-
Net Debt Issued (Repaid)	0.01	0.2	0.02	0.78	3.24
Issuance of Common Stock	-	-	0.15	-	-
Financing Cash Flow	0.01	0.2	0.17	0.78	3.24
Net Cash Flow	0.02	-0.03	0.04	0.02	-0
Cash Interest Paid	-	0.07	0.11	0.23	-
Cash Income Tax Paid	-	-	0	0.01	-
Levered Free Cash Flow	0.89	0.87	0.54	-1.43	-
Unlevered Free Cash Flow	1	0.95	0.63	-1.1	-
Change in Working Capital	1.61	1.37	1.7	3.13	1.33

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