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Marlin Engineering, Inc. <br />Balance Sheet <br />September 30, 2006 <br />Assets <br />Current Assets <br />Cash in Bank $ 394,157 <br />Accounts Receivable (2,236,089) 2,124,285 <br />Less Allowance for Doubtful Accounts (111,804) <br />Work In Process 457,772 <br />Loans/ Advances 3,080 <br />Due from Related Entity 160,709 <br />Total $ 3,140,003 <br />Fixed Assets <br />Field Equipment <br />$ 152,046 <br />Office and Computer Equipment <br />149,236 <br />Furniture and Fixtures <br />36,851 <br />Vehicles <br />92,984 <br />Leasehold Improvements <br />66,873 <br />Total <br />$ 497,990 <br />Less: Accumulated Depreciation <br />(402.224) <br />Cost Less Accumulated Depreciation <br />$ 95,766 <br />Other Assets <br />Security Deposits <br />16.931 <br />Total Assets <br />$ 3,252,700 <br />Liabilities And Stockholders Equity <br />Current Liabilities <br />Accounts Payable /Accrued Expenses $ 1,127,579 <br />Accrued Payroll and Bonuses Payable 647,135 <br />Deferred Taxes Payable 303,266 <br />Due to Shareholder 88,409 <br />Notes Payable - Current Portion 255,610 <br />Total $ 2,421,999 <br />Other Liabilities 0 <br />Total Liabilities $ 2,421,999 <br />Stockholders Equity <br />Common Stock $ 500 <br />Retained Earnings 830.201 <br />Total $ 830,701 <br />Total Liabilities And Stockholders Equity $ 3,252,700 <br />See Accountant's Compilation Report. <br />