Paulson Capital Balance Sheet

Quarterly: December 2011 - September 2009 Previous Quarters
Annual

Assets	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12	2009-09
Cash & Short Term Investments	0.29M	6.83M	28.85M	0.34M	0.37M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Receivables	5.51M	6.10M	7.04M	7.77M	8.07M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Inventory	7.70M			8.81M	8.64M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Prepaid Expenses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Assets	0.55M	0.39M	0.29M	0.52M	0.66M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Assets	14.67M	14.31M	15.77M	18.42M	18.53M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Property, Plant & Equipment	0.97M	0.97M	0.97M	0.97M	0.94M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accumulated Depreciation	0.93M	0.92M	0.92M	0.91M	0.91M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Property, Plant & Equipment	0.97M	0.97M	0.97M	0.97M	0.94M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Long Term Investments						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Goodwill & Intangibles	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Assets	1.39M	1.06M	0.98M	1.04M	1.12M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Assets	2.36M	2.03M	1.95M	2.01M	2.06M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Assets	16.11M	15.43M	16.80M	19.51M	19.68M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Liabilities	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12	2009-09
Current Portion of Long Term Debt						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accounts Payable	0.13M	0.22M	0.22M	0.35M	0.31M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accrued Expenses	0.65M	0.58M	0.90M	1.12M	1.01M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Deferred Revenues						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Liabilities	0.72M	0.26M	0.46M	0.43M	0.32M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Liabilities	1.51M	1.07M	1.74M	2.06M	1.80M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Debt						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12	2009-09
Deferred Income Tax						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Liabilities						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Liabilities	0.23M	0.26M	0.30M	0.34M	0.38M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities	1.74M	1.34M	2.05M	2.40M	2.18M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Shares Outstanding						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Preferred Stock	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Stock, Net	2.16M	2.16M	2.16M	2.16M	2.16M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Additional Paid-in Capital	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Retained Earnings	12.20M	11.92M	12.58M	14.94M	15.33M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Treasury Stock	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Shareholder's Equity	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	14.36M	14.08M	14.75M	17.11M	17.49M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities & Shareholder's Equity	16.11M	15.43M	16.80M	19.51M	19.68M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro