| Balance Sheet for Ultralife Corp. (ULBI) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 2,245 | 720 | 3,214 | 10,529 | 830 | | Marketable Securities | - | - | - | 1,000 | - | | Receivables | 26,540 | 24,197 | 10,965 | 8,585 | 20,153 | | Inventories | 35,098 | 27,360 | 19,446 | 13,938 | 10,209 | | Other Current Assets | 152 | 780 | 482 | 1,198 | - | | Total Current Assets | 68,293 | 55,880 | 39,362 | 40,183 | 32,556 | | | Gross Fixed Assets | 53,157 | 49,353 | 46,272 | 44,210 | 38,835 | | Accumulated Depreciation | (33,792) | (29,957) | (26,341) | (24,008) | (20,622) | | Net Fixed Assets | 19,365 | 19,396 | 19,931 | 20,202 | 18,213 | | Intangibles | 13,113 | 9,072 | - | - | - | | Other Non-Current Assets | 97 | 66 | 21,464 | 20,749 | 1,583 | | Total Non-Current Assets | 53,755 | 41,878 | 41,395 | 40,951 | 19,796 | | Total Assets | 122,048 | 97,758 | 80,757 | 81,134 | 52,352 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 18,326 | 15,925 | 5,218 | 3,545 | 6,385 | | Short Term Debt | 13,423 | 12,246 | 7,715 | 2,390 | 8,295 | | Other Current Liabilities | 8,181 | - | 4,510 | 2,718 | 2,353 | | Total Current Liabilities | 41,832 | 37,810 | 18,383 | 9,538 | 17,854 | | | Long Term Debt | 16,224 | 20,043 | 25 | 7,215 | 68 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 985 | 316 | 242 | 756 | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 17,209 | 20,359 | 267 | 7,971 | 68 | | Total Liabilities | 59,041 | 58,169 | 18,650 | 17,509 | 17,922 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 63,007 | 39,589 | 62,107 | 63,625 | 34,430 | | Total Equity | 63,007 | 39,589 | 62,107 | 63,625 | 34,430 | | Total Liabilities & Stock Equity | 122,048 | 97,758 | 80,757 | 81,134 | 52,352 | | | |
