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Stereotaxis Reports Fourth Quarter and Full Year 2007 Financial Results
Date:3/3/2008

$17,022,200 $15,210,493

Short-term investments 6,634,178 21,773,288

Accounts receivable, net of

allowance of $189,040 and $90,716

in 2007 and 2006, respectively 13,757,270 15,280,628

Current portion of long-term

receivables 136,430 163,362

Inventories 9,964,460 8,285,825

Prepaid expenses and other current

assets 3,421,202 2,580,773

Total current assets 50,935,740 63,294,369

Property and equipment, net 7,011,763 4,130,295

Intangible assets, net 1,411,111 1,544,444

Long-term receivables 272,859 -

Other assets 844,321 321,552

Total assets $60,475,794 $69,290,660

Liabilities and stockholders' equity

Current liabilities:

Current maturities of long-term

debt $972,222 $1,666,666

Accounts payable 7,349,426 5,555,121

Accrued liabilities 11,913,418 10,025,231

Deferred contract revenue 8,774,958 5,663,553

Total current liabilities 29,010,024 22,910,571

Long term debt, less current

maturities 6,000,000 305,556

Long term deferred contract revenue 942,573 1,220,174

Other liabilities 328,790 65,367

Stockholders' equity:

Preferred stock, par value $0.001;

10,000,000 shares authorized at

2007 and 2006; none
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SOURCE Stereotaxis, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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