SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
EXHIBIT INDEX
to
Form 8-K Current Report
 
APA Enterprises, Inc.
 
Exhibit Number
 
Description
99.1
 
Schedule of Consolidated Balance Sheets Line Item Reclassification dated December 4, 2007

 
The effects of the restatement on the Consolidated Balance Sheets at March 31, 2007 and 2006, respectively are reflected in the following tables:
 
   
As of March 31, 2007
  
   
As Reported
    
Adjustment
    
As Restated
  
Cash and cash equivalents
   $
6,763,369
     $ (5,450,000 )   $
1,313,369
  
Available for sale securities
    
-
      
5,450,000
      
5,450,000
  

 
   
As of March 31, 2006
  
   
As Reported
    
Adjustment
    
As Restated
  
Cash and cash equivalents
   $
8,947,777
     $ (8,175,000 )   $
772,777
  
Available for sale securities
    
-
      
8,175,000
      
8,175,000
  

 
The effects of the restatement on the unaudited Consolidated Balance Sheets at June 30, 2007 reflected in the following table:
 

   
As of June 30, 2007
  
   
As Reported
    
Adjustment
    
As Restated
  
Cash and cash equivalents
   $
6,509,106
     $ (4,900,000 )   $
1,609,106
  
Available for sale securities
    
-
      
4,900,000
      
4,900,000