| Balance Sheet for M~Wave Inc. (MWAV) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,081 | 1,696 | 248 | 1,321 | 249 | | Marketable Securities | - | - | - | - | - | | Receivables | 1,271 | 1,096 | 1,150 | 2,041 | 2,351 | | Inventories | 1,487 | 1,348 | 2,191 | 786 | 587 | | Other Current Assets | - | - | - | - | 685 | | Total Current Assets | 3,910 | 4,256 | 3,925 | 4,625 | 3,894 | | | Gross Fixed Assets | 425 | 434 | 570 | 1,092 | 4,675 | | Accumulated Depreciation | (230) | (146) | (81) | (24) | (86) | | Net Fixed Assets | 195 | 289 | 489 | 1,069 | 4,589 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | - | - | - | 225 | - | | Total Non-Current Assets | 195 | 289 | 489 | 1,294 | 4,589 | | Total Assets | 4,105 | 4,545 | 4,414 | 5,919 | 8,483 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 1,942 | 1,449 | 2,430 | 1,163 | 4,365 | | Short Term Debt | - | - | - | - | 2,457 | | Other Current Liabilities | - | - | - | - | - | | Total Current Liabilities | 2,655 | 1,785 | 4,373 | 2,871 | 7,861 | | | Long Term Debt | - | - | 2,043 | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | - | - | 239 | - | (137) | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | - | - | 2,282 | - | (137) | | Total Liabilities | 2,655 | 1,785 | 6,655 | 2,871 | 7,724 | | | Preferred Stock Equity | 7,500 | 7,500 | 657 | 1,261 | - | | Common Stock Equity | (6,050) | (4,740) | (2,898) | 1,787 | 759 | | Total Equity | 1,450 | 2,760 | (2,241) | 3,048 | 759 | | Total Liabilities & Stock Equity | 4,105 | 4,545 | 4,414 | 5,919 | 8,483 | | | |
