| Cash Flow for EpiCept Corp. (EPCT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (28,693) | (65,453) | (7,215) | (7,608) | (9,961) | | Depreciation & Amortization | 859 | 1,239 | 54 | 58 | 78 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | (530) | (222) | 580 | 1,924 | 4,896 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | - | - | - | - | - | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | 2 | - | - | | Increase in Payables | (916) | 337 | 79 | 1,235 | (156) | | Increase in Other Current Liabilities | 451 | (1,989) | 798 | 695 | 10,213 | | Decrease in Other Working Capital | (1,597) | (1,712) | - | (23) | (14) | | Other Non-Cash Items | 3,120 | 41,433 | - | - | - | | Net Cash from Continuing Operations | (25,825) | (25,229) | (5,231) | (4,819) | 4,767 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (25,825) | (25,229) | (5,231) | (4,819) | 4,767 | | | | Sale of Property, Plant, Equipment | 23 | 235 | 2 | 1 | - | | Sale of Short Term Investments | - | 11,380 | - | - | - | | | Purchase of Property, Plant, Equipment | (188) | (138) | (3) | (50) | (17) | | Acquisitions | - | (105) | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | (71) | - | - | - | | Cash from Investing Activities | (165) | 11,300 | (1) | (49) | (17) | | | Issuance of Debt | - | 10,000 | 6,000 | - | 2,655 | | Issuance of Capital Stock | 21,357 | 21,023 | 18 | 69 | 1 | | | Repayment of Debt | (3,741) | (1,924) | (710) | (729) | - | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (777) | (1,452) | (967) | (1,198) | - | | Cash from Financing Activities | 16,839 | 27,647 | 4,341 | (1,858) | 2,655 | | | | Effect of Exchange Rate Changes | (3) | (24) | 41 | (28) | (17) | | Net Change in Cash | (9,154) | 13,694 | (851) | (6,754) | 7,388 | | | Cash at Beginning of Year | 14,097 | 403 | 1,254 | 8,007 | 620 | | Cash at End of Period | 4,943 | 14,097 | 403 | 1,254 | 8,007 | | | |
