As of June 30, TINY had a net asset value of $5.54 per share, down from $5.68 at the end of December.
Harris & Harris Group Reports Balance Sheet for Quarter Ended June 30, 2006
Wednesday August 9, 12:12 pm ET
NEW YORK--(BUSINESS WIRE)--Aug. 9, 2006--During the quarter ended June 30, 2006, Harris & Harris Group, Inc.®, invested a total of $8,752,253 in privately held companies working at the nanoscale. Three of these were initial deals, in which the Company invested a total of $5,000,547. Four of these were follow-on deals, in which the Company invested a total of $3,751,706. Since the close of the second quarter, the Company has invested an additional $115,598 in follow-on deals in companies working at the nanoscale. In summary, in 2006 to date, we have invested a total of $18,280,615 in tiny-technology companies, versus a total of $16,251,339 in all of 2005.
FINANCIAL SUMMARY
June 30, 2006 December 31, 2005 June 30, 2005
(Unaudited) (Audited) (Unaudited)
Total Assets $120,100,765 $132,947,623 $103,994,225
Net Assets $115,166,300 $117,987,742 $ 79,513,203
Total Net Income Tax
Liability $ 1,354,502 $ 9,637,334 $ 1,356,579
Net Asset Value per
Share $ 5.54 $ 5.68 $ 4.61
Shares Outstanding 20,756,345 20,756,345 17,248,845
Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 30 initial private equity investments have been in tiny-technology-enabled companies. The Company has 20,756,345 common shares outstanding.
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