Balance sheet for AMERICAN RARE EARTHS & MATERIALS, CORP. (AREM)

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Balance Sheet for AMERICAN RARE EARTHS & MATERIALS, CORP.
Jun 30, 2011 Jun 30, 2010 Jun 30, 2009
Assets
Cash And Cash Equivalents 256 513 1,048
Short Term Investments - 252 -
Net Receivables 492 1,344 516
Inventory 537 919 1,277
Other Current Assets 104 625 400
Total Current Assets 1,390 3,653 3,240
Long Term Investments - - -
Property Plant and Equipment 42 61 54
Goodwill - - -
Intangible Assets - 3,533 -
Accumulated Amortization - - -
Other Assets - - -
Deferred Long Term Asset Charges - - -
Total Assets 1,432 7,247 3,294
Liabilities
Accounts Payable 5,530 3,770 4,112
Short/Current Long Term Debt - - 230
Other Current Liabilities 0 8 24
Total Current Liabilities 5,531 3,778 4,366
Long Term Debt - - 157
Other Liabilities - 2,224 399
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 5,531 6,002 4,765
Stockholders' Equity
Misc Stocks Options Warrants - [NA] -
Redeemable Preferred Stock - [NA] -
Preferred Stock 37 [NA] 2
Common Stock 26 [NA] 96
Retained Earnings (37,687) [NA] (25,664)
Treasury Stock - [NA] -
Capital Surplus 33,524 [NA] 24,066
Other Stockholder Equity - [NA] -
Total Stockholder Equity (4,099) [NA] (1,471)
Net Tangible Assets (4,099) [NA] (1,471)

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