GOING-CONCERN EVALUATION

12-31-03

12-31-04

12-31-05

Industry
Average



"Z" Score Measure of Going-Concern Measures the Probability of Bankruptcy for the Company


(Working Capital / Total Assets) *.717

0.15

0.06

0.08


(Retained Earnings / Total Assets) *.847

0.16 0.09 0.10


(Operating Income / Total Assets) *3.107

0.43 -0.17 .013


(Net Worth / Total Liabilities) *3.107

0.12

0.07

0.07


(Sales / Total Assets) *.998

4.79 3.92 4.08



"Z" Score

5.65 3.97 4.45



"Z" Score Probability of Bankruptcy

1.10 or less very high probability

1.11 to 2.60 not sure (gray area)

2.60 or higher very low probability







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