Glenn Eddleman and Company Balance Sheets December 31, 2005, and December 31, 2004 (in thousands) 2005 2004 2003 ASSETS Current Assets Cash $ 2,240 $1,936 1352 Accounts receivable Merchandise inventory Prepaid expenses 2.340 CDN) 2,490 2510 716 23 693 703 200 16+ Total Current Assets $5,556 (+ and Equipment $5.279 dings $7723 $4,423 Les Accumulated depreciation 6423 3,677 2534 Buildings, net Equipment 323 $2.687 $2,387 Les: Accumulated depreciation 1,566 1.523 Equipment, net Total Plant and Equipment S232593864 $5,169 3370 TOTAL ASSETS 3907 $10723 3029132 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable Notes payable Total Current Liabilities Long-Term Liabilities $1,616 5 $1,080 2720 2.920 30 $4.336 $4,000 2000 1400 Live. Total Liabilities Stockholders' Equity Common stock//par value (ained earnings Sotal Stockholders' Equity TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 34 $3,000 $2,400 GO 1389 257 1002 2400 $1369 3232 $10,725 12.032 9132 Glenn Eddleman and Company Income Statements For the Years Ended December 31, 2005, and December 31, 2004 (in thousands) 2005 2004 Sales Revenue $14,745 $12,908 Cost of goods sold 10,213 Gross Profit on Sales $2332 8761 $410 Operating Expenses Advertising and sales commissions $1,022 $ 546 7 General and administrative 2.721 Total Expenses 3743 Income before Interest and Taxes $799 2451 $2.997 $1,150 Interest expense 172 Income before Taxes $617 $1,013 Income taxes Net Income 123 $ 494 355