KATY INDUSTRIES, INC. BALANCE SHEETS - UNAUDITED
(In thousands)
Assets		March 31,		December 31,		March 31,
Current assets:		2008		2007		2007
	Cash and cash equivalents	$                   618		$                2,015		$                2,919
	Accounts receivable, net	19,868		18,077		47,811
	Inventories, net	25,150		26,160		60,717
	Other current assets	5,617		9,319		3,592
Total current assets		51,253		55,571		115,039
Other assets:
	Goodwill	665		665		665
	Intangibles, net	4,733		4,853		6,358
	Other	2,959		3,470		8,576
Total other assets		8,357		8,988		15,599
Property and equipment		105,834		106,652		130,747
Less: accumulated depreciation		(73,090)		(72,647)		(89,780)
Property and equipment, net		32,744		34,005		40,967
Total assets		$              92,354		$              98,564		$            171,605
Liabilities and stockholders' equity
Current liabilities:
	Accounts payable	$              11,340		$              14,995		$              32,836
	Accrued expenses	23,884		24,954		37,438
	Current maturities of long-term debt	1,500		1,500		1,500																																																	-
	Revolving credit agreement	5,794		2,853		41,491																																																	-
Total current liabilities		42,518		44,302		113,265
Long-term debt, less current maturities		8,701		9,100		11,468
Other liabilities		8,241		8,706		9,889
Total liabilities		59,460		62,108		134,622
Stockholders' equity:
	Convertible preferred stock	108,256		108,256		108,256
	Common stock	9,822		9,822		9,822
	Additional paid-in capital	27,375		27,338		27,196
	Accumulated other comprehensive (loss) income	(1,277)		(1,112)		1,862
	Accumulated deficit	(89,349)		(85,915)		(88,193)
	Treasury stock	(21,933)		(21,933)		(21,960)
Total stockholders' equity		32,894		36,456		36,983
Total liabilities and stockholders' equity		$              92,354		$              98,564		$            171,605