Accelerize New Media, Inc. - Company Financials

Balance Sheet

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	September 30,			December 31,
ASSETS	2008			2007
	(Unaudited)			(1)
Current Assets:
Cash	$	527,826		$	951,317
Accounts receivable, net of allowance for bad debt of $4,504 and $3,037 at
September 30, 2008 and December 31, 2007, respectively		120,442			50,499
Prepaid expenses		44,350			5,487
Domain name rights		12,603			162,740
Deferred tax asset		75,523			80,026
Total current assets		780,744			1,250,069

Website development costs, net of accumulated amortization of $317,220 and
$210,411 at September 30, 2008 and December 31, 2007, respectively		167,024			226,483

Fixed assets, net of accumulated depreciation of $21,499 and $10,689 at
September 30, 2008 and December 31, 2007, respectively		22,700			21,380
Other assets		17,460			-
Goodwill		685,547			580,547
Total assets	$	1,673,475		$	2,078,479

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
Accounts payable and accrued expenses	$	333,759		$	214,578
Payable to former member		15,012			36,315
Convertible notes payable and accrued interest, net of debt discount of $164,433		369,984			-
Deferred revenues- short-term		689,348			550,992
Deferred tax liability		75,523			80,026
Total current liabilities		1,483,626			881,911

Deferred revenue- long-term		66,601			90,307
Total liabilities		1,550,227			972,218

Stockholders' Equity:
Preferred stock, $0.001 par value, 2,000,000 shares authorized:
Series A, 54,000 issued and outstanding at September 30, 2008 and
December 31, 2007, respectively		728,567			728,567
Series B, 118,875 issued and outstanding at September 30, 2008 and
December 31, 2007, respectively		3,644,563			3,644,563
Common stock; $.001 par value; 100,000,000 shares authorized;
26,811,627 shares issued and outstanding at September 30, 2008, and
21,779,294 shares issued and outstanding at December 31, 2007		26,811			21,779
Additional paid-in capital		5,985,649			2,418,062
Accumulated deficit		(10,262,342	)		(5,706,710	)

Total stockholders’ equity		123,248			1,106,261

Total liabilities and stockholders’ equity	$	1,673,475		$	2,078,479