EASTERN LIGHT CAPITAL, INC. ELC Balance Sheet

Sep'11	Jun'11	Dec'10
Cash and cash equivalents
258	384	269
Marketable securities
0	0	0
Investments
190	190	190
Prepaid expenses
13	27	7
Accounts receivable
75	75	61
Mortgage notes receivable
1,024	1,029	1,046
Allowance for loan losses
80	80	20
Net notes receivable
944	949	1,026
Real estate owned
3,448	3,448	4,048
Other assets
20	23	29
Total assets
4,951	5,099	5,633
Senior mortgage debt
2,112	2,112	2,112
Other liabilities
100	107	195
Total liabilities
2,213	2,220	2,308
Preferred stock, $.01 par value;1,600,000 shares authorized; 213,820 shares issued and outstanding at December 31, 2010
0	0	2
Additional paid in capital - preferred stock
0	0	5,509
Less treasury stock: 16,919 preferred shares at December 31, 2010 at cost
0	0	229
Common stock, $.01 par value; 2,000,000 shares authorized; 746,558 shares issued and outstanding at September 30, 2011 and 500,432 shares issued and outstanding at December 31, 2010
7	7	5
Additional paid in capital - common stock
14,695	14,695	9,415
Less treasury stock: 148,950 common shares at June 30, 2011 and December 31, 2010 at cost
1,829	1,829	1,829
Accumulated other comprehensive income
-0	-0	-0
Accumulated deficit
-10,136	-9,995	-9,548
Total stockholders' equity
2,737	2,878	3,325
Total liabilities and stockholders' equity
4,951	5,099	5,633