| Balance Sheet for Rapid Link Inc. (RPID) | | | | | | | Assets | in Thousands of Dollars | | | 10/2007 | 10/2006 | 10/2005 | 10/2004 | 10/2003 | | | Cash and Equivalents | 496 | 30 | 172 | 586 | 505 | | Marketable Securities | - | - | - | - | - | | Receivables | 1,091 | 1,401 | 564 | 841 | 873 | | Inventories | - | - | - | - | - | | Other Current Assets | 201 | 16 | - | - | - | | Total Current Assets | 1,825 | 1,651 | 901 | 1,625 | 1,609 | | | Gross Fixed Assets | 2,151 | 2,108 | 6,010 | 5,982 | 6,201 | | Accumulated Depreciation | (1,878) | (1,729) | (5,656) | (5,112) | (4,860) | | Net Fixed Assets | 273 | 379 | 354 | 870 | 1,341 | | Intangibles | 2,536 | - | 1,797 | 1,797 | 1,797 | | Other Non-Current Assets | 98 | 3,343 | 219 | 69 | 334 | | Total Non-Current Assets | 6,015 | 6,591 | 2,370 | 2,736 | 3,472 | | Total Assets | 7,839 | 8,242 | 3,271 | 4,361 | 5,081 | | | Liabilities | in Thousands of Dollars | | | 10/2007 | 10/2006 | 10/2005 | 10/2004 | 10/2003 | | | Accounts Payable | 2,319 | 2,203 | 3,452 | 2,792 | 2,814 | | Short Term Debt | - | 101 | 608 | 1,166 | 146 | | Other Current Liabilities | 1,239 | 1,479 | 1,580 | 1,528 | 2,924 | | Total Current Liabilities | 7,210 | 6,313 | 7,937 | 10,884 | 11,586 | | | Long Term Debt | 3,441 | 4,483 | 1,613 | - | 1,716 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 3,441 | 4,483 | 1,613 | - | 1,716 | | Total Liabilities | 10,651 | 10,796 | 9,550 | 10,884 | 13,303 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | (2,812) | (2,554) | (6,279) | (6,523) | (8,222) | | Total Equity | (2,812) | (2,554) | (6,279) | (6,523) | (8,222) | | Total Liabilities & Stock Equity | 7,839 | 8,242 | 3,271 | 4,361 | 5,081 | | | |
