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MiMedx Announces Record Second Quarter Results
Date:7/31/2013

$

(0.02)Weighted average shares outstanding - basic and diluted95,988,10079,952,54294,599,40677,416,073 

 

MIMEDX GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSASSETSJune 30,December 31,20132012(unaudited)Current assets:Cash and cash equivalents

$

4,193,583

$

6,754,485Accounts receivable, net11,761,8747,653,561Inventory, net4,220,2843,022,784Prepaid expenses and other current assets1,351,948657,961Total current assets21,527,68918,088,791Property and equipment, net of accumulated depreciation of $2,517,774 and $2,279,840, respectively2,990,7461,071,625Goodwill4,040,4434,040,443Intangible assets, net of accumulated amortization of $5,378,990 and $4,848,756, respectively11,724,21011,911,749Deposits and other long term assets-70,000Total assets

$

40,283,088

$

35,182,608LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable

$

1,837,711

$

1,251,684Accrued compensation2,974,7092,753,237Accrued expenses1,075,916990,697Other current liabilities252,34375,154Total current liabilities6,140,6795,070,772Earn-out liability payable in MiMedx common stock-5,792,330Convertible Senior Secured Promissory Notes, net-4,012,442Other Liabilities1,250,866299,762Total liabilities7,391,54515,175,306Commitments and contingencies Stockholders' equity:Preferred stock; $.001 par value; 5,000,000 shares authorized and 0 shares issued and outstanding--Common stock; $.001 par value;130,000,000shares authorized; 96,356,451 issued and 96,306,451 outstanding for 2013 and 88,423,169 issued and 88,373,169 outstanding for 201296,35588,423Additional paid-in capital104,881,70789,627,601Treasury stock (50,000 shares at cost)(25,000)(25,000)Accumulated deficit(72,061,519)(69,683,722)Total stockholders' equity32,891,54320,007,302Total liabilities and stockholders' equity

$

40,283,088

$

35,182,6
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SOURCE MiMedx Group, Inc.
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Related biology technology :

1. BioTech Companies in the News - Alliqua, Transition Therapeutics, Organovo, MiMedx Group, Keryx Biopharmaceuticals
2. MiMedx To Exceed High End Of Second Quarter Guidance
3. MiMedx to Ring NASDAQ Stock Market Opening Bell
4. MiMedx to Present at Jefferies 2013 Global Healthcare Conference
5. MiMedx Secures a $3.0 Million Revolving Line of Credit with Bank of America
6. MiMedx Announces Record First Quarter 2013 Results
7. MiMedx Group, Inc. Announces Listing on the NASDAQ Capital Market
8. MiMedx Group, Inc. Announces Release Date for 2013 First Quarter Results
9. MiMedx Responds To Inquiries Regarding Trading Activity; Reiterates First Quarter And Full Year Goals
10. MiMedx to Present at the Canaccord Genuity Musculoskeletal Conference
11. MiMedx Is Issued Four Additional U.S. Patents For Placental Tissue Grafts
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