| Balance Sheet for Airtrax Inc. (AITX) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 305 | 328 | 19 | 641 | 37 | | Marketable Securities | - | - | - | - | - | | Receivables | 33 | 51 | 94 | 87 | - | | Inventories | 1,042 | 1,049 | 2,005 | 709 | 385 | | Other Current Assets | 166 | 104 | 164 | 52 | - | | Total Current Assets | 1,586 | 2,451 | 3,260 | 1,719 | 889 | | | Gross Fixed Assets | 670 | 623 | 493 | 342 | 293 | | Accumulated Depreciation | (402) | (339) | (302) | (248) | (154) | | Net Fixed Assets | 269 | 284 | 191 | 94 | 138 | | Intangibles | 136 | 148 | 154 | 117 | 43 | | Other Non-Current Assets | 523 | 0 | 2,388 | 2,670 | 0 | | Total Non-Current Assets | 928 | 432 | 2,734 | 2,881 | 181 | | Total Assets | 2,513 | 2,884 | 5,993 | 4,600 | 1,071 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 323 | 1,097 | 885 | 395 | 476 | | Short Term Debt | 2,176 | - | - | - | - | | Other Current Liabilities | 750 | 1,657 | 4,847 | 1,403 | 130 | | Total Current Liabilities | 4,406 | 5,701 | 6,186 | 2,291 | 968 | | | Long Term Debt | 1,827 | 198 | 2,048 | - | 4 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 1,827 | 198 | 2,048 | - | 4 | | Total Liabilities | 6,232 | 5,899 | 8,234 | 2,291 | 972 | | | Preferred Stock Equity | 13 | 13 | 545 | 13 | 13 | | Common Stock Equity | (3,732) | (3,028) | (2,787) | 2,296 | 85 | | Total Equity | (3,719) | (3,015) | (2,241) | 2,309 | 98 | | Total Liabilities & Stock Equity | 2,513 | 2,884 | 5,993 | 4,600 | 1,071 | | | |
