IsoRay, Inc.

(AMEX:ISR)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 3,776 4,820 3,353 3,477
Restricted Cash — — — —
Marketable Securities 3,567 3,726 6,507 8,680
Accounts Receivable 911 1,016 809 830
Loans Receivable — — — —
Other Receivable — — — —
Receivables 911 1,016 809 830
Raw Materials — 697 702 733
Work in Progress — 192 128 215
Purchased Components — — — —
Finished Goods — 11 33 48
Other Inventories 851 — — —
Inventories Adjustments and Allowances — — — —
Inventories 851 900 862 995
Prepaid Expenses 257 229 400 443
Current Deferred Income Taxes — — — —
Other Current Assets — 38 — —
Total Current Assets 9,362 10,729 11,931 14,425
Land and Improvements — — — —
Building and Improvements — 4,845 — —
Machinery Furniture and Equipment — 3,088 — —
Construction in Progress — 64 — —
Other Fixed Assets 7,711 — 7,169 7,289
Total Fixed Assets 7,711 7,997 7,169 7,289
Gross Fixed Assets 7,711 7,997 7,169 7,289
Accumulated Depreciation and Depletion 1,957 1,957 768 768
Net Fixed Assets 5,754 6,041 6,401 6,522
Intangibles 444 478 456 467
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 585 563 588 581
Total Non Current Assets 6,783 7,082 7,445 7,570
Total Assets 16,144 17,812 19,376 21,995
Liabilities
Current Liabilities
Accounts Payable 792 751 1,066 1,183
Notes Payable 66 64 55 47
Short Term Debt 15 26 61 109
Accrued Expenses — — — 509
Accrued Liabilities 340 345 243 2
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — — — —
Total Current Liabilities 1,213 1,186 1,426 1,850
Non Current Liabilities
Long Term Debt 328 345 899 504
Capital Lease Obligations — — 3 9
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities 517 506 — 484
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 2,059 2,037 2,328 2,847
Total Liabilities 846 851 902 997
Shareholders' Equity
Preferred Stock Equity 0 0 0 0
Common Stock Equity 14,085 15,775 17,048 19,148
Common Par 23 23 23 23
Additional Paid in Capital 47,573 47,465 47,292 47,222
Cumulative Translation Adjustment — — — —
Retained Earnings -33,503 -31,709 -30,267 -28,097
Treasury Stock -8 -4 — —
Other Equity Adjustments — — — —
Total Capitalization 14,414 16,120 17,947 19,652
Cash Flow -7,035 -7,497 -8,753 -8,686
Working Capital 8,149 9,543 10,505 12,575
Free Cash Flow -1,014 -11,110 -9,971 -7,983
Invested Capital 14,414 16,120 17,950 19,661
Total Equity 14,085 15,775 17,048 19,148
Total Liabilities and Stock Equity 16,144 17,812 19,376 21,995