Whitebeard Balance Sheet

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Jan '08 Jan 31, 2008	Jul '07 Jul 31, 2007	Jul '06 Jul 31, 2006	Jul '05 Jul 31, 2005	Jul '04 Jul 31, 2004	Sep '03 Sep 30, 2003
Cash & Equivalents	-	-	0.06	0	0.05	0.01
Cash & Short-Term Investments	-	-	0.06	0	0.05	0.01
Cash Growth	-	-	2939.26%	-95.64%	372.64%	-
Accounts Receivable	-	-	0.2	0.03	0.25	0.18
Other Receivables	-	-	-	-	-	0.4
Receivables	-	-	0.2	0.03	0.25	0.58
Prepaid Expenses	0.02	0.01	0.04	0.07	0.02	-
Total Current Assets	0.02	0.01	0.3	0.1	0.32	0.59
Property, Plant & Equipment	0	0.01	0.01	0.03	0.04	0.03
Other Intangible Assets	0.15	0.1	0.1	0.06	-	-
Long-Term Deferred Charges	-	-	-	-	0.01	-
Total Assets	0.17	0.11	0.41	0.19	0.37	0.62
Accounts Payable	1.42	1.42	1.2	0.73	0.52	0.21
Accrued Expenses	2.08	1.59	0.7	0.54	0.17	0.05
Short-Term Debt	2.59	2.23	-	-	0.14	2.97
Current Portion of Long-Term Debt	1.3	1.21	0.64	-	-	-
Total Current Liabilities	7.39	6.46	2.54	1.27	0.83	3.22
Long-Term Debt	0.78	0.66	2.47	1.69	1.54	-
Other Long-Term Liabilities	-0	-	-0	-	-	-
Total Liabilities	8.17	7.12	5.01	2.96	2.37	3.22
Common Stock	0.09	0.09	0.08	0.05	0.05	0.03
Additional Paid-In Capital	9.39	9.12	7.83	4.42	3.01	-
Retained Earnings	-13.71	-12.43	-8.76	-6.91	-4.46	-2.74
Comprehensive Income & Other	-3.8	-3.82	-3.79	-0.37	-0.64	-0.27
Total Common Equity	-8.03	-7.04	-4.63	-2.8	-2.04	-2.97
Shareholders' Equity	-8	-7.01	-4.6	-2.77	-2	-2.61
Total Liabilities & Equity	0.17	0.11	0.41	0.19	0.37	0.62
Total Debt	4.67	4.1	3.11	1.69	1.68	2.97
Net Cash (Debt)	-4.67	-4.1	-3.05	-1.68	-1.63	-2.96
Net Cash Per Share	-38.58	-34.67	-27.66	-16.02	-68.79	-
Filing Date Shares Outstanding	0.12	0.12	0.12	0.11	0.1	0.1
Total Common Shares Outstanding	0.12	0.12	0.11	0.11	0.1	-
Working Capital	-7.37	-6.45	-2.24	-1.17	-0.51	-2.63
Book Value Per Share	-66.48	-58.28	-41.41	-25.82	-20.04	-
Tangible Book Value	-8.18	-7.14	-4.73	-2.86	-2.04	-2.97
Tangible Book Value Per Share	-67.69	-59.07	-42.29	-26.38	-20.04	-
Machinery	0.13	-	0.12	0.12	0.11	0.06

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