Date:5/19/2009

s 1,508,727 1,443,427 Total Current Assets 10,356,552 14,096,552 Property and Equipment, Net 1,077,078 1,211,929 Intangible Assets Goodwill 1,280,107 1,366,269 Other intangibles, Net 3,431,844 3,733,517 Other assets 665,687 684,666 Total Assets $16,811,268 $21,092,933 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $ 3,135,627 $ 3,624,071 Accrued expenses 2,577,778 3,004,627 Deferred taxes 130,212 206,173 Obligations under capital leases 70,261 72,542 Billings in excess of related costs and estimated earnings on uncompleted contracts 2,506,893 3,307,347 Customer advances 3,492,910 5,297,000 Total Current Liabilities 11,913,681 15,511,760 Long Term Liabilities Obligations under capital leases 157,078 189,680 Deferred taxes 823,405 897,204 Other liabilities 280,090 316,516 Total Long Term Liabilities 1,260,573 1,403,400 Total Liabilities 13,174,254 16,915,160 Stockholders' Equity Common stock, $.001 par value 35,000,000 shares authorized, 20,834,004 shares issued and 20,523,833 shares outstanding, respectively 20,834 20,834 Additional paid-in capital 32,473,715 32,417,250 Additional paid-in ca
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SOURCE Encorium Group, Inc. Copyright©2009 PR Newswire. All rights reserved

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