v2.4.0.8

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash	$ 1,256,199	$ 846,461
Cash – restricted	204,011	204,011
Marketable securities, at fair market value	120,748	201,921
Accounts receivable	1,099,591	826,246
Prepaid expenses	15,629	46,828
Notes receivable	18,959	43,569
Other current assets	175,444	137,500
Total current assets	2,890,581	2,306,536
Fixed assets, net of accumulated depreciation	126,211	63,890
Other assets:
Contract advances	37,043	96,402
Capitalized financing costs	5,261	16,917
Deposits	123,124	55,438
Total other assets	165,428	168,757
Total assets	3,182,220	2,539,183
Current liabilities:
Accounts payable	238,617	404,236
Accrued expenses	1,217,602	873,147
Investment obligation	487,000	487,000
Line of credit	200,000	200,000
Note payable, current portion	416,983	307,768
Contingent liabilities	160,000	199,000
Total current liabilities	2,720,202	2,471,151
Long term liabilities:
Note payable	85,878	334,386
Redeemable Preferred Stock, Series B, $0.001 par value, 1,000,000 shares authorized, 426,000 issued and outstanding as of December 31, 2013	0	426,000
Stockholders’ equity
Preferred series “A”, $0.001 par value, 1,000,000 shares authorized, 25,000 and 62,500 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	25	63
Common stock, $0.001 par value, 100,000,000 shares authorized, 24,003,193 shares and 16,755,691 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	24,003	16,755
Common stock owed but not issued, 250,000 and 750,000 shares as of September 30, 2014 and December 31, 2013, respectively	250	750
Additional paid in capital	20,131,114	18,781,824
Other comprehensive losses	(64,995)	(7,137)
Accumulated (deficit)	(19,714,257)	(19,484,609)
Total stockholders’ equity	376,140	(692,354)
Total liabilities and stockholders’ equity	$ 3,182,220	$ 2,539,183

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

RUBICON FINANCIAL INC 10-Q