VirnetX Holding Corporation

(AMEX:VHC)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 2,260 4,209 6,683 8,589
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 4 13 11 6
Loans Receivable — — — —
Other Receivable — — — —
Receivables 4 13 11 6
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses 530 457 368 399
Current Deferred Income Taxes — — — —
Other Current Assets — — — —
Total Current Assets 2,794 4,679 7,062 8,995
Land and Improvements — — — —
Building and Improvements — — — —
Machinery Furniture and Equipment — — — 59
Construction in Progress — — — —
Other Fixed Assets 60 63 62 —
Total Fixed Assets 60 63 62 59
Gross Fixed Assets 60 63 62 59
Accumulated Depreciation and Depletion 26 26 26 26
Net Fixed Assets 33 36 35 33
Intangibles 252 252 252 252
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets — — — —
Total Non Current Assets 285 288 287 285
Total Assets 3,079 4,968 7,349 9,279
Liabilities
Current Liabilities
Accounts Payable 1,467 1,080 1,067 532
Notes Payable — — — —
Short Term Debt 44 44 44 48
Accrued Expenses — — — —
Accrued Liabilities — — — —
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — — — —
Total Current Liabilities 1,511 1,124 1,111 580
Non Current Liabilities
Long Term Debt 160 160 160 204
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities — — — —
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 1,671 1,284 1,271 784
Total Liabilities 160 160 160 204
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 1,408 3,684 6,077 8,495
Common Par 3 3 3 3
Additional Paid in Capital 21,383 20,737 20,082 19,468
Cumulative Translation Adjustment — — — —
Retained Earnings -19,979 -17,056 -14,008 -10,976
Treasury Stock — — — —
Other Equity Adjustments — — — —
Total Capitalization 1,568 3,844 6,237 8,699
Cash Flow -13,128 -12,764 -9,879 -8,674
Working Capital 1,282 3,556 5,950 8,415
Free Cash Flow -6,279 -4,333 -1,858 -7,811
Invested Capital 1,568 3,844 6,237 8,699
Total Equity 1,408 3,684 6,077 8,495
Total Liabilities and Stock Equity 3,079 4,968 7,349 9,279