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STEN Corporation Reports 2008 Third-Quarter Revenue of $5 Million and Improved Results From Operations
Date:8/13/2008

9,393,787 6,555,166

PROPERTY AND EQUIPMENT, NET 1,282,512 1,051,013

OTHER ASSETS

Intangible assets, net 1,073,381 1,228,889

Loan receivable, net of current portion 6,613,197 4,487,466

Other assets 3,695,166 3,990,145

Total Other Assets 11,381,744 9,706,500

TOTAL ASSETS $22,058,043 $17,312,679

LIABILITIES AND STOCKHOLDERS' EQUITY

TOTAL CURRENT LIABILITIES

Line of credit, bank $0 680,000

Current portion of long term debt 5,093,881 2,886,265

Other current liabilities 2,991,048 2,791,762

Total Current Liabilities 8,084,929 6,358,027

LONG-TERM LIABILITIES

Dealer reserves 41,792 1,076,707

Long-term debt, net of current portion 8,948,840 4,457,458

TOTAL LIABILITIES 17,075,561 11,892,192

TOTAL STOCKHOLDERS' EQUITY 4,982,482 5,420,487

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $22,058,043 $17,312,679

NET BOOK VALUE PER SHARE $1.97 $2.72


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SOURCE STEN Corporation
Copyright©2008 PR Newswire.
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