End Use Volume (Lbs.) Revenue ($) Revenue per pound
Aerospace 696,695 66.69% $20,228,851 62.75% $29.04
Electronics 193,912 18.56% 5,679,423 17.62% $29.29
Medical 110,566 10.58% 4,073,513 12.64% $36.84
Military 23,444 2.24% 1,148,182 3.56% $48.98
Automotive 11,655 1.12% 695,815 2.16% $59.70
Jewelry 7,527 0.72% 404,779 1.26% $53.78
Misc. 874 0.08% 8,129 0.03% $9.30
Total 1,044,673 100.00% $32,238,693 100.00% $30.86
2007 2006 2007 2006
Net Sales $28,643,630 3.56% $27,659,810 Net Sales $28,643,630 100.00% $27,659,810 100.00%
Cost of Sales 19,516,161 15.91% 16,836,644 Cost of Sales 19,516,161 68.13% 16,836,644 60.87%
Engineering expenses 1,057,621 -7.39% 1,142,037 Engineering expenses 1,057,621 3.69% 1,142,037 4.13%
Selling expenses 1,201,502 32.09% 909,580 Selling expenses 1,201,502 4.19% 909,580 3.29%
General and administrative expenses 4,880,736 2.78% 4,748,863 General and administrative expenses 4,880,736 17.04% 4,748,863 17.17%
Total 26,656,020 12.77% 23,637,124 Total 26,656,020 93.06% 23,637,124 85.46%
Income from Operatons 1,987,610 -50.59% 4,022,686 Income from Operatons 1,987,610 6.94% 4,022,686 14.54%
Other Income (and Expenses) Other Income (and Expenses)
Interest expense -194,533 252.40% -55,203 Interest expense -194,533 -0.68% -55,203 -0.20%
Interest income 23,740 -26.70% 32,389 Interest income 23,740 0.08% 32,389 0.12%
(Loss) gtain on disposal of assets -15,094 -128.31% 53,315 (Loss) gtain on disposal of assets -15,094 -0.05% 53,315 0.19%
Gain on currency transactions 1,725 37.89% 1,251 Gain on currency transactions 1,725 0.01% 1,251 0.00%
Other Income (expenses) 75,000 –519.35% -17,885 Other Income (expenses) 75,000 0.26% -17,885 -0.06%
Total Other (Expense) and Income -109,162 –887.21% 13,867 Total Other (Expense) and Income -109,162 -0.38% 13,867 0.05%
Income Before Income Taxes 1,878,448 –53.46% 4,036,553 Income Before Income Taxes 1,878,448 6.56% 4,036,553 14.59%
Income Taxes 32,525 -12.09% 37,000 Income Taxes 32,525 0.11% 37,000 0.13%
Net Income 1,845,923 –53.85% 3,999,553 Net Income 1,845,923 6.44% 3,999,553 14.46%
Other Comprehensive Income Other Comprehensive Income
Foreign currency translation adjustment 5,779 -167.31% -8,586 Foreign currency translation adjustment 5,779 0.02% -8,586 -0.03%
Comprehensive Income $1,851,702 -53.60% $3,990,967 Comprehensive Income $1,851,702 6.46% $3,990,967 14.43%
Electroplated Wire Corporation Fisk Alloy Conductors, Inc. Electroplated Wire Corporation Fisk Alloy Conductors, Inc.
Combined Balance Sheets December 31, 2007 and 2006
Combined Balance Sheets December 31, 2007 and 2006
Assets Assets
Current Assets Current Assets
Cash and cash equivalents $655,161 -38.69% $1,068,587 Cash and cash equivalents $655,161 4.24% $1,068,587 7.10%
Accounts receivable net of allowance for
doubtful accounts of $75,000 and $75,000
in 2007 and 2006, respectively
4,228,219 15.11% 3,673,336 4,228,219 27.39% 3,673,336 24.40%
Inventories 5,751,113 -1.18% 5,819,601 Inventories 5,751,113 37.25% 5,819,601 38.65%
Prepaid expenses and other 462,860 -0.52% 465,268 Prepaid expenses and other 462,860 3.00% 465,268 3.09%
Total Current Assets 11,097,353 0.64% 11,026,783 Total Current Assets 11,097,353 71.88% 11,026,783 73.24%
Property and Equipment, Net 3,762,637 7.94% 3,485,897 Property and Equipment, Net 3,762,637 24.37% 3,485,897 23.15%
Other Assets #DIV/0! Other Assets 0.00% 0.00%
Deposits 536,483 10.61% 485,031 Deposits 536,483 3.47% 485,031 3.22%
Intangible assets, net 42,698 -26.70% 58,249 Intangible assets, net 42,698 0.28% 58,249 0.39%
Total Other Assets 579,181 6.61% 543,280 Total Other Assets 579,181 3.75% 543,280 3.61%
Total Assets $15,439,171 2.55% $15,055,960 Total Assets $15,439,171 100.00% $15,055,960 100.00%
Liabilities and Equity Liabilities and Equity
Current Liabilities Current Liabilities
Loans payable, current portion $1,873,333 29.94% $1,441,667
Loans payable, current portion
$1,873,333 42.48% $1,441,667 39.14%
Accounts payable 1,526,134 33.97% 1,139,203 Accounts payable 1,526,134 34.61% 1,139,203 30.93%
Accrued expenses 222,378 28.50% 173,055 Accrued expenses 222,378 5.04% 173,055 4.70%
Spool deposits – customers 362,250 41.88% 255,329 Spool deposits – customers 362,250 8.22% 255,329 6.93%
Total Current Liabilities 3,984,095 32.39% 3,009,254 Total Current Liabilities 3,984,095 90.35% 3,009,254 81.71%
Loan Payable, Net of Current Portion 425,447 -36.86% 673,779 Loan Payable, Net of Current Portion 425,447 9.65% 673,779 18.29%
Total Liabilities 4,409,542 19.73% 3,683,033 Total Liabilities 4,409,542 100.00% 3,683,033 100.00%
Equity Equity
Common stock 26,000 0.00% 26,000 Common stock 26,000 26,000
Paid-in capital 1,054,401 0.00% 1,054,401 Paid-in capital 1,054,401 1,054,401
Retained earnings 9,475,973 -3.43% 9,812,550 Retained earnings 9,475,973 9,812,550
Accumulated and other comprehensive loss -2,807 –67.31% -8,586 Accumulated and other comprehensive loss -2,807 -8,586
Members’ equity 476,062 -2.56% 488,562 Members’ equity 476,062 488,562
Total Equity 11,029,629 -3.02% 11,372,927 Total Equity 11,029,629 11,372,927
Total Liabilities and Equity $15,439,171 2.55% $15,055,960 Total Liabilities and Equity $15,439,171 $15,055,960
Accounts receivable net of allowance for
doubtful accounts of $75,000 and $75,000 in
2007 and 2006, respectively