Innovative Card Technologies, Inc.

(NASDAQ:INVC)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Cash Flow Statement
Cash At Beginning Of Period 340 340 340 8,270
Cash At End Of Period 201 1,680 301 340
Net Change In Cash And Cash Equivalents -139 1,340 -39 -7,930
Effect Of Exchange Rate Changes — — — —
Net Income Or Loss -4,325 -2,763 -1,962 -14,334
Cash From Operating Activities
Depreciation Expenses 531 355 180 779
Amortization Expenses — 342 88 —
Amortization Of Intangibles Expenses — — — —
Deferred Income Taxes — — — —
Operating Gains Or Losses — — — —
Extraordinary Gains Or Losses — — — —
Increase Or Decrease In Receivables -658 -811 -224 2
Increase Or Decrease In Inventories -1,352 -918 -330 -11
Increase Or Decrease In Prepaid Expenses 41 -8 1 -1,104
Increase Or Decrease In Other Current Assets 41 -8 1 -1,104
Increase Or Decrease In Payables 331 -263 — 594
Increase Or Decrease In Other Current Liabilities -2,097 -1,839 -1,680 2,527
Increase Or Decrease In Other Working Capital 275 131 83 586
Other Non Cash Items — 81 49 -107
Net Cash From Continuing Operations -871 -975 548 3,122
Net Cash From Discontinued Operations -8,124 -6,669 -3,249 -7,945
Net Cash From Operating Activities — — — —
Cash From Investing Activities
Sale Of Property Plant And Equipment — — — —
Sale Of Long Term Investments — — — —
Sale Of Short Term Investments — — — —
Purchase Of Property Plant And Equipment -37 -13 — -21
Acquisitions — — — —
Purchase Of Long Term Investments — — — —
Purchase Of Short Term Investments — — — —
Other Investing Changes Net — — — —
Cash From Discontinued Investing Activities — — — —
Net Cash From Investing Activities -37 -13 — -21
Cash From Financing Activities
Issuance Of Debt 50 50 — 36
Issuance Of Capital Stock — — — —
Repayment Of Debt — — — —
Repurchase Of Capital Stock — — — —
Payment Of Cash Dividends -528 -528 -290 —
Net Other Financing Charges -528 -528 -290 —
Cash From Discontinued Financing Activities — — — —
Net Cash From Financing Activities 8,022 8,022 3,210 36