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STEN Corp. Reports 2008 Second-Quarter Revenue of $4.3 Million and Improved Results From Operations
Date:5/14/2008

tember 30,

2008 2007

(unaudited) (audited)

CURRENT ASSETS

Cash, cash equivalents $458,632 $366,118

Current portion of loans receivable, net 3,024,928 2,851,529

Other current assets 4,556,251 3,337,519

Total Current Assets 8,039,811 6,555,166

PROPERTY AND EQUIPMENT, NET 1,232,500 1,293,618

OTHER ASSETS

Intangible assets, net 1,605,078 1,750,042

Loan receivable, net of current portion 4,502,357 4,487,466

Other Assets 3,627,818 3,226,387

Total Other Assets 9,735,253 9,463,895

TOTAL ASSETS $19,007,564 $17,312,679

LIABILITIES AND STOCKHOLDERS' EQUITY

TOTAL CURRENT LIABILITIES

Line of credit, bank $0 680,000

Current portion of long term debt 4,544,796 2,886,265

Other current liabilities 2,669,759 2,791,762

Total Current Liabilities 7,214,555 6,358,027

LONG-TERM LIABILITIES

Dealer reserves 66,038 1,076,707

Long-term debt, net of current portion 6,446,225 4,457,458

TOTAL LIABILITIES 13,726,818 11,892,192

TOTAL STOCKHOLDERS' EQUITY 5,280,746 5,420,487

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $19,007,564 $17,312,679

NET BOOK VALUE PER SHARE $2.08 $2.72


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SOURCE STEN Corporation
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