Worldgate Communications, Inc. (WGAT) Balance Sheet

Cash and cash equivalents	20K
Trade accounts receivable less allowance for doubtful accounts of $4 at June 30, 2011 and $110 at December 31, 2010	31K
Accounts receivable - related party	0
Inventory, net	149K
Prepaid and other current assets	149K
Assets related to discontinued operations	0
Total current assets	349K
Property and equipment, net	449K
Deposits	187K
Deferred debt issuance costs, net	4.64M
Total assets	5.62M
Accounts payable	5.18M
Account payable due to related parties	187K
Accrued expenses	2.36M
Accrued compensation and benefits	0
Warranty reserve	343K
Deferred rent	226K
Deferred revenues	0
Revolving Loan, with related party	2.89M
Notes payable	113K
Total liabilities	11.3M
Commitments and contingencies	0
Preferred Stock, $.01 par value, 13,500,000 shares authorized, and 0 shares issued at June 30, 2011 and December 31, 2010	0
Common Stock, $.01 par value; 700,000,000 shares authorized at June 30, 2011 and December 31, 2010; and 339,733,363 and 339,475,805 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	3.4M
Additional paid-in capital	283.87M
Accumulated deficit	-292.94M
Total stockholders' deficiency	-5.67M
Total liabilities and stockholders' deficiency	5.62M

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