v2.4.0.8

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash	$ 96,819,860	$ 99,546,530
Restricted cash		1,651,800
Accounts receivable, net	5,856,853	7,554,919
Advances to suppliers, net	94,453	81,500
Inventory	1,004,932	686,067
Deferred tax assets, current	2,471,586	2,830,200
Other current assets	1,028,189	591,194
Total current assets	107,275,873	112,942,210
Property and equipment, net	15,870,554	16,574,131
Goodwill	60,771,601	62,092,932
Intangible assets, net	21,962,955	23,903,476
Deferred tax assets, non-current	4,624,039	5,227,865
Long-term prepaid expense	309,000
Long-term deposits	19,568,338	20,092,845
Total assets	230,382,360	240,833,459
CURRENT LIABILITIES:
Short-term bank loans	6,111,572	6,276,842
Accounts payable	3,505,083	3,309,610
Accrued expenses	4,547,038	4,209,753
Deferred revenue, current	15,959,106	15,457,102
Taxes payable		2,608,821
Notes Payable		1,651,801
Contingent liability	1,206,505	1,238,850
Due to related parties	121,614	122,596
Other payable	2,232,527	1,976,119
Total current liabilities	33,683,445	36,851,494
Long-term deposits from customers	2,065,537	2,244,797
Deferred revenue, non-current	19,837,973	25,432,654
Long-term bond payable	16,086,740	16,518,005
Total liabilities	71,673,695	81,046,950
COMMITEMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred Stock
Common stock	20,806	20,806
Additional paid-in capital	208,742,430	207,903,478
Accumulated other comprehensive income	1,546,002	5,469,380
Accumulated deficit	(51,600,573)	(53,607,155)
Total stockholders' equity	158,708,665	159,786,509
Total liabilities and stockholders' equity	$ 230,382,360	$ 240,833,459

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered.

FAB Universal Corp. 10-Q