Advanced Battery Technologies, Inc. Balance Sheet

Balance Sheet FYE: 31-Dec

Assets	9/30/2008	6/30/2008	3/31/2008	12/31/2007
Cash & Short Term Investments	40.64	22.18	11.35	2.70
Receivables - Total	17.44	10.30	15.25	17.72
Inventories - Total	1.47	1.86	2.30	1.16
Total Current Assets	59.55	34.34	28.90	21.58
Net Property, Plant & Equipment	13.74	13.65	13.50	13.24
Total Assets	77.61	52.09	46.43	38.72
Liabilities
Accounts Payable	2.66	2.74	2.91	1.02
Debt in Current Liabilities	1.22	1.17	0.90	0.74
Total Current Liabilities	4.00	4.00	3.86	1.84
Long-Term Debt	NA	NA	0.43	0.41
Total Liabilities	4.00	4.00	4.29	2.25
Stockholder's Equity
Minority Interest	NA	NA	NA	NA
Preferred Stock	NA	NA	NA	NA
Common Stock	0.05	0.05	0.05	0.05
Retained Earnings	28.19	23.82	19.15	15.30
Treasury Stock	NA	NA	NA	NA
Total Stockholders' Equity	73.61	48.09	42.14	36.48
Total Liabilities and Stockholders' Equity	77.61	52.09	46.43	38.72