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Encorium Reports Third Quarter 2009 Financial Results; Announces Date of Annual Stockholder Meeting
Date:11/16/2009

vestigator advances 29,289 1,088,768 Accounts receivable, less allowance of $220,000 and $97,000 for September 30, 2009 and December 31, 2008, respectively 3,137,422 4,624,161 Prepaid expenses and other 1,133,838 1,206,088 Prepaid taxes 40,670 28,290 Costs and estimated earnings in excess of related billings on uncompleted contracts 1,311,739 1,443,427 --------- --------- Total Current Assets 5,971,201 14,096,552 --------- ---------- Property and Equipment, Net 303,940 1,211,929 Intangible Assets Goodwill 1,414,244 1,366,269 Other intangibles, Net 3,613,698 3,733,517 Other assets 314,992 684,666 Total Assets $11,618,075 $21,092,933 =========== =========== Liabilities and Stockholders' Equity Current Liabilities Accounts payable $2,684,547 $3,624,071 Notes payable 701,335 - Accrued expenses 2,671,716 3,004,627 Deferred taxes 612,987 206,173 Obligations under capital leases 48,154 72,542 Billings in excess of related costs and estimated earnings on uncompleted contracts 1,418,607 3,307,347 Customer advances 1,409,074 5,297,000 --------- --------- Total Current Liabilities 9,546,420 15,
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SOURCE Encorium Group, Inc.
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