Universal Security Instruments, Inc

(AMEX:UUU)
  Jun 30, 2008 Mar 31, 2008 Dec 31, 2007 Sep 30, 2007
Assets
Current Assets
Cash & Equivalents 3,289 3,864 4,278 945
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 525 262 2,294 3,070
Loans Receivable — — — —
Other Receivable 282 282 5,594 6,841
Receivables 807 544 7,888 9,911
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories 6,854 5,397 9,104 11,096
Inventories Adjustments and Allowances -40 -40 -40 -40
Inventories 6,814 5,357 9,064 11,056
Prepaid Expenses 346 206 320 386
Current Deferred Income Taxes — — — —
Other Current Assets 8,419 8,451 — —
Total Current Assets 19,674 18,422 21,550 22,298
Land and Improvements — — — —
Building and Improvements — 74 — —
Machinery Furniture and Equipment — 604 — —
Construction in Progress — — — —
Other Fixed Assets 667 — 5,321 5,326
Total Fixed Assets 667 678 5,321 5,326
Gross Fixed Assets 667 678 5,321 5,326
Accumulated Depreciation and Depletion 548 548 600 600
Net Fixed Assets 119 130 4,722 4,726
Intangibles — — — —
Cost in Excess — — — 2,018
Non Current Deferred Income Taxes 1,814 1,914 637 724
Other Non Current Assets 10,295 10,002 10,643 9,955
Total Non Current Assets 12,228 12,047 16,002 17,423
Total Assets 31,902 30,469 37,552 39,721
Liabilities
Current Liabilities
Accounts Payable 3,602 2,465 6,519 4,853
Notes Payable — — 5,053 4,557
Short Term Debt — — 111 103
Accrued Expenses — — — —
Accrued Liabilities 272 402 1,409 1,690
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities 8,218 8,087 — —
Total Current Liabilities 12,092 10,954 13,092 11,204
Non Current Liabilities
Long Term Debt — — — 1,971
Capital Lease Obligations 93 91 97 122
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities — — 86 86
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 12,185 11,045 13,275 13,383
Total Liabilities 93 91 183 2,179
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 19,717 19,424 24,277 26,338
Common Par 25 25 25 25
Additional Paid in Capital 13,457 13,453 13,455 13,304
Cumulative Translation Adjustment — — — —
Retained Earnings 6,294 5,890 11,037 12,618
Treasury Stock — — — —
Other Equity Adjustments -58 56 -239 391
Total Capitalization 19,717 19,424 24,277 28,309
Cash Flow — -5,522 589 3,949
Working Capital 7,581 7,469 8,458 11,094
Free Cash Flow -575 2,319 1,192 -4,062
Invested Capital 19,809 19,515 24,374 28,431
Total Equity 19,717 19,424 24,277 26,338
Total Liabilities and Stock Equity 31,902 30,469 37,552 39,721