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      O

|                                                                | Page                                     |
|---------------------------------------------------------------------|------------------------------------------|
|                                                                |                                     |
| Report                  of Independent Certified Public Accountants | 3                                        |
|                                                                |                                     |
|                                                                |                                     |
| Financial                  Statements                               |                                     |
|                                                                |                                     |
| Balance                  Sheets                                     | 4                                        |
|                                                                |                                     |
| Statements                  of Operations                           | 5                                        |
|                                                                |                                     |
| Statement                  of Changes in Partners’ Equity     | 6                                        |
|                                                                |                                     |
| Statements                  of Cash Flows                           | 7                                        |
|                                                                |                                     |
| Notes                  to Financial Statements                      | 8                  -                  17 |

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RE

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A

| ASSETS                                                      |   | 2006   |   |   | 2005   |   |
|-------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                        |   |   |   |   |   |   |
|                                                        |   |   |   |   |   |   |
| Current                assets:                              |   |   |   |   |   |   |
| Cash                                                        |   | $      | 545    |   |   | $      | 607 |   |
| Trade                receivables                            |   |   | 2,144  |   |   |   | 1,956 |   |
| Due                from affiliates                          |   |   | 74     |   |   |   | 20 |   |
| Other                current assets                         |   |   | 181    |   |   |   | 92 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Total                current assets                         |   |   | 2,944  |   |   |   | 2,675 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Plant                and equipment, net                     |   |   | 8,559  |   |   |   | 9,349 |   |
| Electric                power sales contract, net           |   |   | 1,858  |   |   |   | 2,460 |   |
| Security                deposit                             |   |   | 405    |   |   |   | 405 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Total                assets                                 |   | $      | 13,766 |   |   | $      | 14,889 |   |
|                                                        |   |   |   |   |   |   |   |   |
|                                                        |   |   |   |   |   |   |   |   |
| LIABILITIES                AND PARTNERS’ EQUITY       |   |   |   |   |   |   |   |   |
|                                                        |   |   |   |   |   |   |   |   |
| Liabilities:                                                |   |   |   |   |   |   |   |   |
| Accounts                payable and accrued expenses        |   | $      | 165    |   |   | $      | 270 |   |
| Accrued                royalty expense                      |   |   | 441    |   |   |   | 409 |   |
| Due                to affiliates                            |   |   | 369    |   |   |   | 1,233 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Total                liabilities                            |   |   | 975    |   |   |   | 1,912 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Commitments                and contingencies                |   |   |   |   |   |   |   |   |
|                                                        |   |   |   |   |   |   |   |   |
| Partners’                equity                       |   |   | 12,791 |   |   |   | 12,977 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Total                liabilities and partners’ equity |   | $      | 13,766 |   |   | $      | 14,889 |   |

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S

|                                               |   | 2006   |   |   | 2005   |   |   | 2004   |   |
|----------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                               |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |
| Power                generation revenue            |   | $      | 7,465  |   |   | $      | 7,331  |   |   | $ | 7,457 |   |
| Renewable                attribute revenue         |   |   | 3,957  |   |   |   | 4,014  |   |   |   | 4,177 |   |
| Sublease                revenue                    |   |   | 577    |   |   |   | 571    |   |   |   | 571 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                revenues                      |   |   | 11,999 |   |   |   | 11,916 |   |   |   | 12,205 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost                of revenues                    |   |   | 9,138  |   |   |   | 8,934  |   |   |   | 8,949 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross                profit                        |   |   | 2,861  |   |   |   | 2,982  |   |   |   | 3,256 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                expenses:                 |   |   |   |   |   |   |   |   |   |   |   |   |
| General                and administrative expenses |   |   | 60     |   |   |   | 116    |   |   |   | 23 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                operating expenses            |   |   | 60     |   |   |   | 116    |   |   |   | 23 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                from operations              |   |   | 2,801  |   |   |   | 2,866  |   |   |   | 3,233 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                income (expense):             |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                income                     |   |   | 25     |   |   |   | 8      |   |   |   | 1 |   |
| Interest                expense                    |   |   | (12    | )      |   |   | (13    | )      |   |   | (14 | ) |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                other income (expense), net   |   |   | 13     |   |   |   | (5     | )      |   |   | (13 | ) |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                          |   | $      | 2,814  |   |   | $      | 2,861  |   |   | $ | 3,220 |   |

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ST

|                                                     |   | Total                 |   |
|----------------------------------------------------------|--------|-----------------------|--------|
|                                                     |   | partners’equity |   |
|                                                     |   |                  |   |
| Partners’                equity, January 1, 2004   |   | $                     | 15,375 |   |
|                                                     |   |                  |   |   |
| Cash                distributions                        |   |                  | (4,394 | ) |
|                                                     |   |                  |   |   |
| Net                income for the year                   |   |                  | 3,220  |   |
|                                                     |   |                  |   |   |
| Partners’                equity, December 31, 2004 |   |                  | 14,201 |   |
|                                                     |   |                  |   |   |
| Cash                distributions                        |   |                  | (4,085 | ) |
|                                                     |   |                  |   |   |
| Net                income for the year                   |   |                  | 2,861  |   |
|                                                     |   |                  |   |   |
| Partners’                equity, December 31, 2005 |   |                  | 12,977 |   |
|                                                     |   |                  |   |   |
| Cash                distributions                        |   |                  | (3,000 | ) |
|                                                     |   |                  |   |   |
| Net                income for the year                   |   |                  | 2,814  |   |
|                                                     |   |                  |   |   |
| Partners’                equity, December 31, 2006 |   | $                     | 12,791 |   |

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S

|                                                                                                          |   | 2006   |   |   | 2005   |   |   | 2004   |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                          |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |
| Cash                flows from operating activities                                                           |   |   |   |   |   |   |   |   |   |
| Net                income                                                                                     |   | $      | 2,814  |   |   | $      | 2,861  |   |   | $ | 3,220 |   |
| Adjustments                to reconcile net income to net cashprovided                by operating activities |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                and amortization                                                                  |   |   | 1,398  |   |   |   | 1,390  |   |   |   | 1,407 |   |
| Change                in rotable spare parts                                                                  |   |   | (6     | )      |   |   | 97     |   |   |   | 27 |   |
| Changes                in assets and liabilities                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Trade                receivables                                                                              |   |   | (188   | )      |   |   | (600   | )      |   |   | (419 | ) |
| Other                current assets                                                                           |   |   | (89    | )      |   |   | 4      |   |   |   | (30 | ) |
| Security                deposit                                                                               |   |   | -      |   |   |   | (105   | )      |   |   | (300 | ) |
| Accounts                payable and accrued expenses                                                          |   |   | (105   | )      |   |   | 130    |   |   |   | (2 | ) |
| Accrued                royalty expense                                                                        |   |   | 32     |   |   |   | 52     |   |   |   | 135 |   |
| Due                to/from affiliates, net                                                                    |   |   | (918   | )      |   |   | 164    |   |   |   | 495 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                adjustments                                                                              |   |   | 124    |   |   |   | 1,132  |   |   |   | 1,313 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                cash provided by operating activities                                                      |   |   | 2,938  |   |   |   | 3,993  |   |   |   | 4,533 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                flows from investing activities                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital                expenditures                                                                           |   |   | -      |   |   |   | -      |   |   |   | (36 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                flows from financing activities                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Restricted                cash                                                                                |   |   | -      |   |   |   | -      |   |   |   | 757 |   |
| Cash                distributions to partners                                                                 |   |   | (3,000 | )      |   |   | (4,085 | )      |   |   | (4,394 | ) |
| Repayments                of notes payable                                                                    |   |   | -      |   |   |   | -      |   |   |   | (867 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                cash used in financing activities                                                          |   |   | (3,000 | )      |   |   | (4,085 | )      |   |   | (4,504 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                decrease in cash                                                                           |   |   | (62    | )      |   |   | (92    | )      |   |   | (7 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash,                beginning of year                                                                        |   |   | 607    |   |   |   | 699    |   |   |   | 706 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash,                end of year                                                                              |   | $      | 545    |   |   | $      | 607    |   |   | $ | 699 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental                disclosure of cash flow information:                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                paid during the year for interest                                                         |   | $      | 10     |   |   | $      | -      |   |   | $ | 14 |   |

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NO

|  |   | In              February 1996, Ridgewood              Providence Power Partners, L.P. was formed as a Delaware limited              partnership (the “Partnership”).  Ridgewood Providence Power              Corporation, a Delaware corporation, is the sole general partner of              the              Partnership and is owned by Ridgewood Electric Power Trust III (“Trust              III”) and Ridgewood Electric Power Trust IV (“Trust IV”), both Delaware              business trusts (collectively, the “Trusts”).  The Trusts are              also the limited partners in the Partnership and have a common Managing              Shareholder, Ridgewood Renewable Power, LLC (“RRP”).  The              Partnership shall continue to exist until April 1, 2036, unless terminated              sooner by certain provisions of the Partnership              Agreement. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | In              April 1996, the Partnership purchased substantially all of the net              assets              of Northeastern Landfill Power Joint Venture.  The assets              acquired include a 13.8 megawatt capacity electrical generating station,              located at the Central Landfill in Johnston, Rhode Island (the “Providence              Project”).  The Providence Project includes nine reciprocating              engine generator sets which are fueled by methane gas produced by and              collected from the Central Landfill.  The electricity produced              by the Providence Project is sold to New England Power Service              Company (“NEP”) under a long-term electric power sales              contract. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |   | The              cash distributions and profits and losses of the Partnership are allocated              1% to the general partner and 99% to the limited partners in accordance              with their capital contribution (63.7% to Trust IV and 35.3% to Trust              III).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

|   | 1.     | Use                of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   | The              preparation of financial statements in accordance with accounting              principles generally accepted in the United States of America requires              the              Partnership to make estimates and judgments that affect the reported              amounts of assets, liabilities, revenues and expenses, and related              disclosure of contingent assets and liabilities.  On an ongoing              basis, the Partnership evaluates its estimates, including trade              receivables, recoverable value of plant and equipment, intangible assets              and recordable liabilities for litigation and other              contingencies.  The Partnership bases its estimates on              historical experience, current and expected conditions and various              other              assumptions that are believed to be reasonable under the circumstances,              the results of which form the basis for making judgments about the              carrying values of assets and liabilities that are not readily apparent              from other sources.  Actual results may differ from these              estimates under different assumptions or              conditions. |

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|   | 2.     | Cash                                                                                                                                        |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                        |
|   |   | Cash              balances with banks as of December 31, 2006 and 2005 exceeded insured              limits by $445 and $507, respectively. |

|   | 3.     | Trade                Receivables                                                                                                                                                                                                                                                                                                                                                                 |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                             |
|   |   | Trade              receivables are recorded at invoice price in the period in which the              related revenues are earned and do not bear interest.  No              allowance for bad debt expense was provided based upon historical              write-off experience, evaluation of customer credit condition and the              general economic status of the customer. |

|   | 4.     | Revenue                Recognition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |   | Power              generation revenue is recorded in the month of delivery, based on the              estimated volumes sold to customers at rates stipulated in the electric              power sales contract.  Adjustments are made to reflect actual              volumes delivered when the actual volumetric information subsequently              becomes available.  Final billings do not vary significantly              from estimates.                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |   | Renewable              attribute revenue is derived from the sale of the renewable portfolio              standard attributes (“RPS Attributes”).  As discussed in Note F,              qualified renewable electric generation facilities produce RPS Attributes              when they generate electricity.  Renewable attribute revenue is              recorded in the month in which the RPS Attributes are produced as the              Partnership has substantially completed its obligations for entitled              benefits, represented by the underlying generation of power within              specific environmental requirements. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |   | Sublease              revenue is recorded monthly in accordance with the terms of the sublease              agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

|   | 5.     | Plant                and Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   | Plant              and equipment, consisting principally of electrical generating equipment,              are stated at cost less accumulated depreciation.  Major              renewals and betterments that increase the useful lives of the assets              are              capitalized.  Repair and maintenance expenditures are expensed              as incurred.  Upon retirement or disposal of assets, the cost              and the related accumulated depreciation are removed from the balance              sheets.  The difference, if any, between the net asset value and              any proceeds from such retirement of disposal is recorded as a gain              or              loss in the statements of operations. |

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|   |   | The                    Partnership uses the straight-line method of depreciation over                    the                    estimated useful lives of the assets, as                    follows: |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Power                generation facility | 20                years                    |
|------------------------------------------|--------------------------------------------|
| Equipment                                | 5                -                20 years |
| Vehicles                                 | 5                years                     |

|   |   | Rotable                        spare parts inventory primarily consists of parts and materials                        that are                        infrequently used in the Partnership’s operation.  An allowance                        is established for obsolescence on the basis of management’s review and                        assessment. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.     | Significant                Customers                                                                                                                                                              |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                              |
|   |   | During              2006, 2005 and 2004, the Partnership’s two largest customers accounted for              81.7%, 81.8% and  81.2% of total revenues,              respectively. |

|   | 7.     | Income                Taxes                                                                                                                                                                                                                                        |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                               |
|   |   | No              provision is made for income taxes in the accompanying financial              statements as the income or loss of the Partnership is passed through              and              included in the income tax returns of the              partners. |

|   | 8.     | Fair                Value of Financial Instruments                                                                                                                                                                                    |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                  |
|   |   | For              the years ended December 31, 2006 and 2005, the carrying value of the              Partnership’s cash, trade receivables and accounts payable and accrued              expenses approximates their fair value. |

|   | 9.     | Comprehensive                Income                                                                     |
|--------|--------|---------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                    |
|   |   | The                Partnership’s comprehensive income consists only of net                income. |

|   | 10.    | New                Accounting Standards                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   | FIN              48                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   | In              June 2006, the Financial Accounting Standards Board (“FASB’) issued FASB              Interpretation No. 48 (“FIN 48”), “Accounting for Uncertainty in Income              Taxes,” an interpretation of SFAS No. 109, “Accounting for Income              Taxes.”  FIN 48 clarifies the accounting for uncertainty in              income taxes recognized in an enterprise’s financial statements in              accordance with SFAS No. 109 and prescribes a recognition threshold              and              measurement attribute for the financial statement recognition and              measurement of a tax position taken or expected to be taken in a tax              return.  FIN 48 also provides guidance on derecognition,              classification interest and penalties, accounting in interim periods,              disclosure and transition.  The Partnership will adopt FIN 48              beginning January 1, 2007.  The Partnership does not believe              that the adoption of FIN 48 will have a material impact on its financial              statements. |

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|                                         |   | 2006   |   |   | 2005   |   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                         |   |   |   |   |   |   |
| Power                generation facility     |   | $      | 1,905  |   |   | $      | 1,905 |   |
| Equipment                                    |   |   | 14,032 |   |   |   | 14,032 |   |
| Rotable                spare parts           |   |   | 705    |   |   |   | 699 |   |
| Vehicles                                     |   |   | 32     |   |   |   | 32 |   |
|                                         |   |   |   |   |   |   |   |   |
|                                         |   |   | 16,674 |   |   |   | 16,668 |   |
|                                         |   |   |   |   |   |   |   |   |
| Less                accumulated depreciation |   |   | (8,115 | )      |   |   | (7,319 | ) |
|                                         |   |   |   |   |   |   |   |   |
|                                         |   | $      | 8,559  |   |   | $      | 9,349 |   |

|                                                    |   | 2006   |   |   | 2005   |   |
|---------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                    |   |   |   |   |   |   |
| Electricity                power sales contract - gross |   | $      | 8,338  |   |   | $      | 8,338 |   |
|                                                    |   |   |   |   |   |   |   |   |
| Less                accumulated amortization            |   |   | (6,480 | )      |   |   | (5,878 | ) |
|                                                    |   |   |   |   |   |   |   |   |
| Electricity                power sales contract - net   |   | $      | 1,858  |   |   | $      | 2,460 |   |

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| Year                ended   |   |   |
|-----------------------------|--------|--------|
| December                31, |   |   |
|                        |   |   |
| 2007                        |   | $      | 603 |   |
| 2008                        |   |   | 603 |   |
| 2009                        |   |   | 603 |   |
| 2010                        |   |   | 49 |   |

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|                                |   | Due                from |   |   | Due                to |   |
|-------------------------------------|--------|-------------------------|--------|--------|-----------------------|--------|
|                                |   | 2006                    |   |   | 2005                  |   |   | 2006 |   |   | 2005 |   |
|                                |   |                    |   |   |                  |   |   |   |   |   |   |   |
| Ridgewood                Management |   | $                       | -      |   |                  | $      | - |   |   | $ | 206 |   |   | $ | 167 |   |
| Trust                III            |   |                    | 27     |   |                  |   | - |   |   |   | - |   |   |   | 349 |   |
| Trust                IV             |   |                    | 47     |   |                  |   | - |   |   |   | - |   |   |   | 628 |   |
| Other                affiliates     |   |                    | -      |   |                  |   | 20 |   |   |   | 163 |   |   |   | 89 |   |
|                                |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|                                |   | $                       | 74     |   |                  | $      | 20 |   |   | $ | 369 |   |   | $ | 1,233 |   |

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