| Balance Sheet for Genoil Inc. (GNOLF) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Cash and Equivalents | 153 | 1,232 | 392 | 4,699 | | Marketable Securities | - | - | - | - | | Receivables | 84 | 7 | 85 | 48 | | Inventories | - | - | - | - | | Other Current Assets | - | - | - | - | | Total Current Assets | 433 | 1,315 | 477 | 4,747 | | | Gross Fixed Assets | 4,507 | 3,380 | 3,292 | 3,886 | | Accumulated Depreciation | (2,005) | (1,497) | (1,213) | (994) | | Net Fixed Assets | 2,501 | 1,883 | 2,079 | 2,892 | | Intangibles | 2,341 | 2,365 | 2,737 | 2,948 | | Other Non-Current Assets | - | - | - | - | | Total Non-Current Assets | 4,843 | 4,248 | 4,816 | 5,840 | | Total Assets | 5,276 | 5,564 | 5,293 | 10,587 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Accounts Payable | 1,409 | 562 | 1,443 | 986 | | Short Term Debt | 1,129 | 833 | - | - | | Other Current Liabilities | 99 | - | 102 | 1,380 | | Total Current Liabilities | 2,636 | 1,395 | 2,799 | 4,887 | | | Long Term Debt | 140 | 1,852 | 1,748 | 1,513 | | Deferred Income Tax | - | - | - | - | | Other Non-Current Liabilities | - | - | - | - | | Minority Interest | - | - | - | - | | Total Non-Current Liabilities | 140 | 1,852 | 1,748 | 1,513 | | Total Liabilities | 2,776 | 3,247 | 4,548 | 6,400 | | | Preferred Stock Equity | - | - | - | - | | Common Stock Equity | 2,500 | 2,317 | 746 | 4,187 | | Total Equity | 2,500 | 2,317 | 746 | 4,187 | | Total Liabilities & Stock Equity | 5,276 | 5,564 | 5,293 | 10,587 | | | |
