Imperial Industries, Inc.

(NASDAQ:IPII)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	529	813	658	1,007
Restricted Cash	179	249	242	157
Marketable Securities	—	—	—	—
Accounts Receivable	5,988	6,134	5,205	5,069
Loans Receivable	—	—	—	—
Other Receivable	1,126	884	1,535	884
Receivables	7,114	7,018	6,740	5,953
Raw Materials	436	361	326	372
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	5,269	4,405	4,850	3,842
Other Inventories	233	251	298	369
Inventories Adjustments and Allowances	-264	—	—	—
Inventories	5,674	5,017	5,474	4,583
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	—	—	—	1,023
Other Current Assets	619	552	474	537
Total Current Assets	14,115	13,649	13,588	13,260
Land and Improvements	559	559	559	559
Building and Improvements	2,167	2,166	2,160	1,925
Machinery Furniture and Equipment	8,955	9,102	8,991	8,605
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	—
Total Fixed Assets	11,681	11,827	11,710	11,089
Gross Fixed Assets	11,681	11,827	11,710	11,089
Accumulated Depreciation and Depletion	5,533	5,309	4,983	4,713
Net Fixed Assets	6,148	6,518	6,727	6,376
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	483	1,609	497	564
Total Non Current Assets	6,631	8,127	7,224	6,940
Total Assets	20,746	21,776	20,812	20,200
Liabilities
Current Liabilities
Accounts Payable	4,452	3,440	2,876	1,578
Notes Payable	4,651	4,588	—	—
Short Term Debt	1,231	1,360	1,411	965
Accrued Expenses	1,167	1,194	1,196	1,416
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	127
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	82	82	82	82
Total Current Liabilities	11,583	10,664	5,565	4,168
Non Current Liabilities
Long Term Debt	1,472	1,615	4,967	3,478
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	329
Other Non Current Liabilities	282	298	278	284
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	13,337	12,577	10,810	8,259
Total Liabilities	1,754	1,913	5,245	4,091
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	7,409	9,199	10,002	11,941
Common Par	25	25	25	25
Additional Paid in Capital	14,760	14,740	14,712	14,696
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-7,376	-5,566	-4,735	-2,780
Treasury Stock	—	—	—	—
Other Equity Adjustments	—	—	—	—
Total Capitalization	8,881	10,814	14,969	15,419
Cash Flow	-4,805	-3,111	-2,463	-136
Working Capital	2,532	2,985	8,023	9,092
Free Cash Flow	-3,258	-3,222	-2,199	1,998
Invested Capital	8,881	10,814	14,969	15,419
Total Equity	7,409	9,199	10,002	11,941
Total Liabilities and Stock Equity	20,746	21,776	20,812	20,200

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	1,007	850	974	1,146
Restricted Cash	157	1,357	1,082	1,075
Marketable Securities	—	—	—	—
Accounts Receivable	5,069	7,854	8,344	7,541
Loans Receivable	—	—	—	—
Other Receivable	884	—	—	—
Receivables	5,953	7,854	8,344	7,541
Raw Materials	372	474	400	589
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	3,842	5,346	5,785	4,404
Other Inventories	369	459	378	265
Inventories Adjustments and Allowances	—	—	—	—
Inventories	4,583	6,279	6,563	5,258
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	1,023	667	596	385
Other Current Assets	537	1,083	1,272	692
Total Current Assets	13,260	18,090	18,831	16,097
Land and Improvements	559	559	559	—
Building and Improvements	1,925	1,810	1,718	—
Machinery Furniture and Equipment	8,605	8,328	6,745	—
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	7,290
Total Fixed Assets	11,089	10,697	9,022	7,290
Gross Fixed Assets	11,089	10,697	9,022	7,290
Accumulated Depreciation and Depletion	4,713	3,633	2,666	2,597
Net Fixed Assets	6,376	7,064	6,356	4,693
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	220	405	—
Other Non Current Assets	564	457	360	143
Total Non Current Assets	6,940	7,741	7,121	4,836
Total Assets	20,200	25,831	25,952	20,933
Liabilities
Current Liabilities
Accounts Payable	1,578	2,180	3,059	3,767
Notes Payable	—	3,250	4,696	5,957
Short Term Debt	965	951	740	687
Accrued Expenses	1,416	1,602	1,864	995
Accrued Liabilities	—	—	—	—
Deferred Revenues	127	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	82	82	853	252
Total Current Liabilities	4,168	8,065	11,212	11,658
Non Current Liabilities
Long Term Debt	3,478	3,307	3,461	2,904
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	329	—	2	—
Other Non Current Liabilities	284	1,224	1,155	—
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	8,259	12,596	15,830	14,562
Total Liabilities	4,091	4,531	4,618	2,904
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	11,941	13,235	10,122	6,371
Common Par	25	25	25	24
Additional Paid in Capital	14,696	14,669	14,454	14,117
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-2,780	-1,459	-4,357	-7,770
Treasury Stock	—	—	—	—
Other Equity Adjustments	—	—	—	—
Total Capitalization	15,419	16,542	13,583	9,275
Cash Flow	-136	3,958	4,271	3,089
Working Capital	9,092	10,025	7,619	4,439
Free Cash Flow	1,998	1,283	-785	-266
Invested Capital	15,419	16,542	13,583	9,275
Total Equity	11,941	13,235	10,122	6,371
Total Liabilities and Stock Equity	20,200	25,831	25,952	20,933