| Balance Sheet for Global Telecom & Technology Inc. (GTLT) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Cash and Equivalents | 3,333 | 3,779 | 1,383 | | Marketable Securities | - | - | 54,657 | | Receivables | 6,236 | 8,105 | - | | Inventories | - | - | - | | Other Current Assets | 1,181 | 592 | - | | Total Current Assets | 11,728 | 23,733 | 56,101 | | | Gross Fixed Assets | 1,350 | 979 | - | | Accumulated Depreciation | (508) | (89) | - | | Net Fixed Assets | 841 | 890 | - | | Intangibles | 8,801 | 11,118 | - | | Other Non-Current Assets | 798 | 1,075 | - | | Total Non-Current Assets | 71,360 | 74,542 | - | | Total Assets | 83,088 | 98,275 | 56,101 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Accounts Payable | 10,004 | 13,893 | 148 | | Short Term Debt | - | - | - | | Other Current Liabilities | - | 20,384 | 56 | | Total Current Liabilities | 19,319 | 46,059 | 204 | | | Long Term Debt | 8,796 | 4,000 | - | | Deferred Income Tax | 1,227 | 4,232 | - | | Other Non-Current Liabilities | 312 | 191 | 10,926 | | Minority Interest | - | - | - | | Total Non-Current Liabilities | 10,335 | 8,423 | 10,926 | | Total Liabilities | 29,654 | 54,482 | 11,130 | | | Preferred Stock Equity | - | - | - | | Common Stock Equity | 53,434 | 43,793 | 44,971 | | Total Equity | 53,434 | 43,793 | 44,971 | | Total Liabilities & Stock Equity | 83,088 | 98,275 | 56,101 | | | |
