Lucas Energy, Inc.

(AMEX:LEI)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 532 513 1,142 2,772
Restricted Cash — — — —
Marketable Securities 3,154 4,109 2,388 518
Accounts Receivable 235 418 560 297
Loans Receivable — — — 32
Other Receivable — — — —
Receivables 235 418 560 329
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses — — — —
Current Deferred Income Taxes — — — —
Other Current Assets 277 14 39 272
Total Current Assets 4,198 5,053 4,129 3,891
Land and Improvements 20,822 19,929 18,979 16,849
Building and Improvements — — — —
Machinery Furniture and Equipment — — — —
Construction in Progress — — — —
Other Fixed Assets 10 2 3 —
Total Fixed Assets 20,832 19,931 18,981 16,849
Gross Fixed Assets 20,832 19,931 18,981 16,849
Accumulated Depreciation and Depletion 1,201 1,045 847 352
Net Fixed Assets 19,631 18,885 18,134 16,497
Intangibles — — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 139 87 52 731
Total Non Current Assets 19,770 18,972 18,186 17,228
Total Assets 23,968 24,026 22,316 21,119
Liabilities
Current Liabilities
Accounts Payable 1,488 770 1,175 1,614
Notes Payable — — — —
Short Term Debt — — — —
Accrued Expenses — — — —
Accrued Liabilities — — — —
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — — — —
Total Current Liabilities 1,488 770 1,175 1,614
Non Current Liabilities
Long Term Debt — — — —
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities 1,289 1,552 834 272
Other Non Current Liabilities 152 149 142 134
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 2,929 2,470 2,150 2,019
Total Liabilities 1,441 1,701 976 405
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 21,039 21,555 20,165 19,100
Common Par 10 10 10 10
Additional Paid in Capital 18,526 18,519 18,519 18,414
Cumulative Translation Adjustment — — — —
Retained Earnings 2,503 3,026 407 652
Treasury Stock — — — —
Other Equity Adjustments — — 1,229 24
Total Capitalization 21,039 21,555 20,165 19,100
Cash Flow 1,757 2,233 720 479
Working Capital 2,710 4,284 2,955 2,277
Free Cash Flow -468 -504 -8,587 -6,958
Invested Capital 21,039 21,555 20,165 19,100
Total Equity 21,039 21,555 20,165 19,100
Total Liabilities and Stock Equity 23,968 24,026 22,316 21,119