| Balance Sheet for Groen Brothers Aviation Inc. (GNBA) | | | | | | | Assets | in Thousands of Dollars | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 06/2003 | | | Cash and Equivalents | 60 | 4 | 70 | 27 | 4 | | Marketable Securities | - | - | - | - | - | | Receivables | 72 | 1,300 | 81 | 154 | 144 | | Inventories | 466 | 449 | 395 | 488 | 92 | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 629 | 1,755 | 550 | 673 | 240 | | | Gross Fixed Assets | 2,083 | 1,817 | 1,436 | 2,163 | 2,150 | | Accumulated Depreciation | (1,402) | (1,304) | (1,145) | (1,857) | (1,737) | | Net Fixed Assets | 681 | 513 | 291 | 306 | 413 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | - | - | - | - | - | | Total Non-Current Assets | 681 | 513 | 291 | 306 | 413 | | Total Assets | 1,310 | 2,268 | 841 | 979 | 653 | | | Liabilities | in Thousands of Dollars | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 06/2003 | | | Accounts Payable | 3,534 | 1,992 | 942 | 841 | 1,074 | | Short Term Debt | - | - | - | 227 | - | | Other Current Liabilities | 58,771 | 46,251 | 1,515 | - | - | | Total Current Liabilities | 83,429 | 62,242 | 14,543 | 14,054 | 13,377 | | | Long Term Debt | 1,040 | 1,036 | 361 | 568 | 200 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 6,834 | 6,191 | 5,694 | 3,631 | 2,724 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 7,874 | 7,227 | 39,064 | 4,199 | 2,924 | | Total Liabilities | 91,303 | 69,469 | 53,607 | 18,253 | 16,301 | | | Preferred Stock Equity | 70 | 70 | 70 | 24,939 | 22,681 | | Common Stock Equity | (90,063) | (67,271) | (52,836) | (42,213) | (38,329) | | Total Equity | (89,993) | (67,201) | (52,766) | (17,274) | (15,648) | | Total Liabilities & Stock Equity | 1,310 | 2,268 | 841 | 979 | 653 | | | |
