| Balance Sheet for Zanett Inc. (ZANE) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,261 | 622 | 547 | 1,877 | 2,121 | | Marketable Securities | - | - | - | - | - | | Receivables | 7,664 | 9,008 | 7,757 | 5,115 | 3,789 | | Inventories | - | - | - | - | - | | Other Current Assets | 7,927 | - | 1,332 | - | - | | Total Current Assets | 17,123 | 11,166 | 10,996 | 7,930 | 6,349 | | | Gross Fixed Assets | 2,016 | 1,872 | 1,277 | 902 | 514 | | Accumulated Depreciation | (1,011) | (954) | (609) | (345) | (203) | | Net Fixed Assets | 1,005 | 918 | 667 | 557 | 311 | | Intangibles | 1,395 | 979 | 16,915 | 18,884 | 16,761 | | Other Non-Current Assets | 428 | 3 | 122 | 48 | 432 | | Total Non-Current Assets | 17,366 | 19,988 | 17,705 | 19,503 | 17,504 | | Total Assets | 34,489 | 31,153 | 28,701 | 27,434 | 23,853 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 2,118 | 993 | 1,386 | 1,142 | 1,367 | | Short Term Debt | 10,789 | 7,041 | 5,727 | 1,400 | 432 | | Other Current Liabilities | 2,739 | 756 | 1,980 | 1,724 | 1,682 | | Total Current Liabilities | 19,164 | 12,735 | 16,658 | 6,296 | 5,143 | | | Long Term Debt | 7,606 | 8,839 | 3,758 | 6,075 | 6,075 | | Deferred Income Tax | 230 | 303 | 206 | 592 | 253 | | Other Non-Current Liabilities | 538 | 1,310 | 1,196 | 1,075 | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 8,375 | 10,472 | 5,189 | 7,742 | 6,328 | | Total Liabilities | 27,539 | 23,207 | 21,847 | 14,038 | 11,471 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 6,951 | 7,946 | 6,854 | 13,395 | 12,382 | | Total Equity | 6,951 | 7,946 | 6,854 | 13,395 | 12,382 | | Total Liabilities & Stock Equity | 34,489 | 31,153 | 28,701 | 27,434 | 23,853 | | | |
