VisionChina Media, Inc.

(NASDAQ:VISN)
  Jun 30, 2008 Mar 31, 2008 Dec 31, 2007 Sep 30, 2007
Assets
Current Assets
Cash & Equivalents 124,169 133,800 131,140 29,513
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 19,833 12,514 13,256 7,503
Loans Receivable — — — —
Other Receivable 4,213 — 350 3,138
Receivables 24,046 12,514 13,607 10,641
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses 14,764 10,611 9,168 7,493
Current Deferred Income Taxes 279 305 332 —
Other Current Assets — 4,242 3,797 2,255
Total Current Assets 163,258 161,472 158,044 49,902
Land and Improvements — — — —
Building and Improvements — — 570 422
Machinery Furniture and Equipment — — 7,505 4,495
Construction in Progress — — — —
Other Fixed Assets 10,137 9,044 — —
Total Fixed Assets 10,137 9,044 8,075 4,917
Gross Fixed Assets 10,137 9,044 8,075 4,917
Accumulated Depreciation and Depletion 366 366 366 189
Net Fixed Assets 9,771 8,678 7,709 4,728
Intangibles 10,568 — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 26,191 11,335 9,547 10,070
Total Non Current Assets 46,531 20,013 17,256 14,798
Total Assets 209,788 181,485 175,300 64,700
Liabilities
Current Liabilities
Accounts Payable 3,772 3,838 4,237 2,675
Notes Payable — — — —
Short Term Debt — — — —
Accrued Expenses 5,848 3,577 3,732 2,150
Accrued Liabilities — — — —
Deferred Revenues — — 927 —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities 410 267 1,723 709
Total Current Liabilities 10,031 7,682 10,619 5,533
Non Current Liabilities
Long Term Debt — — — —
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities 2,219 — — —
Other Non Current Liabilities 8,678 — — —
Minority Interest Liabilities 612 634 653 —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 21,539 8,316 11,271 63,606
Total Liabilities 11,508 634 653 58,073
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 188,249 173,169 164,029 1,094
Common Par 7 7 7 2
Additional Paid in Capital 167,605 163,981 163,820 6,259
Cumulative Translation Adjustment — — — —
Retained Earnings 10,615 2,121 -3,301 -6,996
Treasury Stock — — — —
Other Equity Adjustments 10,023 7,059 3,502 1,829
Total Capitalization 188,249 173,169 164,029 1,094
Cash Flow 17,517 — 3,075 —
Working Capital 153,227 153,790 147,426 44,369
Free Cash Flow — — -10,339 -10,110
Invested Capital 188,249 173,169 164,029 1,094
Total Equity 188,249 173,169 164,029 1,094
Total Liabilities and Stock Equity 209,788 181,485 175,300 64,700