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DSE cannot be sold at retail at gas stations. Only refinery made bio- diesel has been approved by the EPA for sale. However, it can be made individually for use in one's own vehicle. For those who are willing to make weekly pickups of free oil at restaurants, this fuel is saving them a fortune.
Our balance sheet continues to afford us significant financial strength and flexibility. At September 30, 2005, we had $6.3 million in cash and cash equivalents, $7.4 million in balance sheet borrowing and capitalized leases, and $103.7 million in stockholders' equity, for a ratio of net debt-to-total capitalization of 1.0%. During 2006, we intend to maintain the average age of our tractor fleet to afford us flexibility in addressing possible cost, and fuel mileage, and reliability issues involving tractor engines designed to comply with stricter emissions requirements in 2007.
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