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<br />I <br /> <br />I <br /> <br />Marlin Engineering, Inc. <br />Balance Sheet <br />December 31,2006 <br /> <br />I <br /> <br />I <br /> <br />Assets <br /> <br />Current Assets <br />Cash in Bank. <br />Accounts Receivable (2,732,047) <br />Less Allowance for Doubtful Accounts (109,259) <br />Work In Process <br />Prepaid Expenses <br />Due from Related Entity <br />Loans/Advances <br /> <br />$8,716 <br />2,622,788 <br /> <br />I <br /> <br />320,440 <br />14,281 <br />160,709 <br />3,200 <br /> <br />I <br /> <br />Total <br /> <br />I <br /> <br />Fixed Assets <br />Field Equipment <br />Office and Computer Equipment <br />Furniture and Fixtures <br />Vehicles <br />Leasehold Improvements <br /> <br />159,346 <br />147,578 <br />33,013 <br />92,984 <br />71,416 <br /> <br />I <br /> <br />I <br /> <br />504,337 <br /> <br />Total <br /> <br />Less: Accumulated Depreciation <br />Cost Less Accumulated Depreciation <br /> <br />(476,900) <br /> <br />I <br /> <br />other Assets <br />Security Deposits <br /> <br />I <br /> <br />Total Assets <br /> <br />Liabilities And Stockholders Eauitv <br /> <br />I <br /> <br />Current Liabilities <br />Accounts Payable/Accrued Expenses <br />Payroll Taxes Payable <br />Accrued Payroll and Bonuses Payable <br />Deferred Taxes Payable <br />Due to Shareholder <br />Notes Payable - Current Portion <br />Total <br /> <br />$933,899 <br />$2,772 <br />568,897 <br />288,907 <br />88,409 , <br />405.429 <br /> <br />I <br /> <br />I <br /> <br />other Liabilities <br />Notes Payable - Non Current Portion <br /> <br />I <br /> <br />Total Liabilities <br /> <br />I <br /> <br />Stockholders Eauitv <br />Common Stock <br />Retained Earnings <br /> <br />500 <br />871.408 <br /> <br />I <br /> <br />Total <br /> <br />Total Liabilities And Stockholders Equity <br /> <br />I <br /> <br />I <br /> <br />See Accountant's Review Report <br />The Accompanying Notes Are An Integral Part of The Financial Statements <br /> <br />$3,130,134 <br /> <br />27,437 <br /> <br />2,650 <br /> <br />$3,160,221 <br /> <br />2,288,313 <br /> <br />-0- <br /> <br />2,288,313 <br /> <br />871,908 <br /> <br />$3,160,221 <br />