WQN, Inc. (WQNI)

WQN, Inc. Balance Sheet

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

Fiscal Year	FY 2005	FY 2004	FY 2003
Period Ending	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003
Cash & Equivalents	3.85	9.94	17.93
Short-Term Investments	-	-	0.32
Cash & Short-Term Investments	3.85	9.94	18.25
Cash Growth	-61.30%	-45.52%	-11.93%
Accounts Receivable	2.15	-	0.55
Other Receivables	0.08	-	-
Receivables	2.43	2.41	0.55
Prepaid Expenses	-	-	0.24
Total Current Assets	6.28	12.35	19.04
Property, Plant & Equipment	0.01	0.01	1.04
Long-Term Investments	12.29	2.94	-
Other Long-Term Assets	-	3.24	0.1
Total Assets	22.28	18.75	20.18
Accounts Payable	0.07	-	1.11
Accrued Expenses	0.41	0.07	0.47
Short-Term Debt	3.58	-	-
Current Unearned Revenue	-	-	0.25
Other Current Liabilities	-	2.61	-
Total Current Liabilities	4.06	2.68	1.83
Long-Term Debt	-	-	0.3
Total Liabilities	4.06	2.68	2.13
Common Stock	0.07	0.07	0.06
Additional Paid-In Capital	43.2	43.18	41.99
Retained Earnings	-26.9	-27.18	-24.01
Comprehensive Income & Other	1.85	-	-
Total Common Equity	18.22	16.07	18.05
Shareholders' Equity	18.22	16.07	18.05
Total Liabilities & Equity	22.28	18.75	20.18
Total Debt	3.58	-	0.3
Net Cash (Debt)	0.27	9.94	17.95
Net Cash Growth	-97.31%	-44.61%	-12.11%
Net Cash Per Share	0.04	1.50	2.81
Filing Date Shares Outstanding	6.88	6.83	6.39
Total Common Shares Outstanding	6.88	6.83	6.39
Working Capital	2.22	9.67	17.21
Book Value Per Share	2.65	2.35	2.83
Tangible Book Value	18.22	16.07	18.05
Tangible Book Value Per Share	2.65	2.35	2.83
Buildings	-	-	0.08
Machinery	-	-	5.2
Leasehold Improvements	-	-	0.08

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