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Encorium Reports Second Quarter 2009 Financial Results
Date:8/24/2009

Obligations under capital leases 46,076 72,542 Billings in excess of related costs and estimated earnings on uncompleted contracts 938,013 3,307,347 Customer advances 1,563,833 5,297,000 Total Current Liabilities 8,708,475 15,511,760 Long Term Liabilities Obligations under capital leases 63,444 189,680 Deferred taxes 857,458 897,204 Other liabilities, including liabilities held for sale of $2.6M 2,901,254 316,516 Total Long Term Liabilities 3,822,156 1,403,400 Total Liabilities 12,530,631 16,915,160 Stockholders' Equity Common stock, $.001 par value 35,000,000 shares authorized, 20,834,004 shares issued and 20,523,883 shares outstanding, respectively 20,834 20,834 Additional paid-in capital 32,495,771 32,417,250 Additional paid-in capital warrants 905,699 905,699 Accumulated deficit (32,916,484) (29,737,430) Accumulated other comprehensive income 2,017,751 1,298,109 Less: 2,523,571 4,904,462 Treasury stock, at cost, 310,121 shares (726,689) (726,689) Total Stockholders' Equity 1,796,882 4,177,773 Total Liabilities and Stockholders' Equity $14,327,513 $21,092,933


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SOURCE Encorium Group, Inc.
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