| Balance Sheet for Vertical Computer Systems Inc. (VCSY) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Cash and Equivalents | 131 | 83 | 285 | 331 | | Marketable Securities | - | 3 | 3 | 9 | | Receivables | 988 | 1,060 | 1,169 | 1,417 | | Inventories | - | - | - | - | | Other Current Assets | - | - | - | - | | Total Current Assets | 1,145 | 1,188 | 1,541 | 1,781 | | | Gross Fixed Assets | 1,052 | 991 | 951 | 878 | | Accumulated Depreciation | (971) | (908) | (855) | (795) | | Net Fixed Assets | 81 | 84 | 97 | 83 | | Intangibles | - | - | 154 | 944 | | Other Non-Current Assets | 10 | 10 | 10 | 10 | | Total Non-Current Assets | 91 | 94 | 261 | 1,037 | | Total Assets | 1,236 | 1,282 | 1,801 | 2,819 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Accounts Payable | 7,605 | 2,069 | 5,806 | 2,305 | | Short Term Debt | 40 | 40 | 230 | 40 | | Other Current Liabilities | 292 | - | - | - | | Total Current Liabilities | 14,223 | 11,496 | 12,754 | 13,397 | | | Long Term Debt | - | 3,183 | - | 390 | | Deferred Income Tax | - | - | - | - | | Other Non-Current Liabilities | 2,222 | 3,514 | 4,104 | 2,314 | | Minority Interest | - | - | - | - | | Total Non-Current Liabilities | 2,222 | 6,697 | 4,104 | 2,704 | | Total Liabilities | 16,444 | 18,193 | 16,859 | 16,100 | | | Preferred Stock Equity | 551 | 551 | 551 | 551 | | Common Stock Equity | (15,760) | (17,463) | (15,609) | (13,833) | | Total Equity | (15,208) | (16,911) | (15,058) | (13,282) | | Total Liabilities & Stock Equity | 1,236 | 1,282 | 1,801 | 2,819 | | | |
