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MiMedx Group Announces Record Second Quarter Results
Date:7/26/2012

9)(2,503,505)(1,837,721)(5,851,067)Income taxes----NET LOSS$ (744,069)$(2,503,505)$(1,837,721)$(5,851,067)Net loss per common shareBasic and diluted$
(0.01)$
(0.03)$
(0.02)$
(0.08)Shares used in computing net loss per common shareBasic and diluted79,952,54271,819,01777,416,07371,098,976See notes to condensed consolidated financial statements  

MIMEDX GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSASSETSJune 30,2012December 31,(unaudited)2011Current assets:Cash and cash equivalents

$   2,654,694$
4,112,326Accounts receivable, net

3,946,3331,891,919Inventory, net

961,939712,602Prepaid expenses and other current assets

292,223164,664Total current assets

7,855,1896,881,511Property and equipment, net of accumulated depreciation of $2,045,964and $1,814,473, respectively

948,720869,411Goodwill

4,040,4434,040,443Intangible assets, net of accumulated amortization of $4,136,469and $3,468,515, respectively

14,422,53115,090,485Deposits and other long term assets

204,803214,342Total assets

$ 27,471,686$   27,096,192LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses

$   1,902,349$
2,300,638Other current liabilities

69,9816,620Convertible line of credit with related party, net of unamortized
discount of $398,899 and $46,746, respectively, plus accrued interest
of $75,137 and $42,726, respectively

976,2381,295,980Convertible debt related to acquisition, net of unamortized discount of
$3,821 and $170,509, respectively, plus accrued interest of $69,808
and $49,315, respectively

1,065,9871,128,806Current portion of earn-out liability payable In MiMedx common stock

4,225,2803,185,223
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SOURCE MiMedx, Inc.
Copyright©2012 PR Newswire.
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