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MiMedx Group Announces 2010 Results
Date:3/28/2011

t of accumulated depreciation of $1,392,704and $948,445, respectively756,9561,049,597Goodwill857,597857,597Intangible assets, net of accumulated amortization of $2,132,606and $1,464,674, respectively3,929,3944,597,326Deferred financing costs-192,627Deposits and other long term assets102,500189,202Total assets$
7,352,245$
9,692,083LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses

$
848,286$
29,349Short-term convertible notes, plus accrued interest of $3,432

403,432-Total current liabilities1,251,718629,349Long-term convertible debt, face value $3,472,000, less unamortizeddiscount of $550,748 and including accrued interest of $69,604

-2,990,856Total liabilities1,251,7183,620,205Commitments and contingency (Note 14)

--Stockholders' equity:Preferred stock; $.001 par value; 5,000,000 shares authorized and 0 shares issued and outstanding

--Common stock; $.001  par value; 100,000,000 shares authorized;4,331,910 and 50,002,887 shares issued and outstanding, respectively

64,38250,003Additional paid-in capital57,888,50646,454,482Treasury stock (50,000 shares at cost)

(25,000)(25,000)Accumulated deficit(51,827,360)(40,407,607)Total stockholders' equity

6,100,5286,071,878Total liabilities and stockholders' equity

$
7,352,245$
9,692,083See notes to consolidated financial statements
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SOURCE MiMedx Group, Inc.
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