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AdCare Health Systems, Inc. Continues To Be Profitable; Reports 2009 Second Quarter Earning Results
Date:8/14/2009

xpenses and other 537,277 478,534 Total current assets 4,496,089 4,030,142 --------- --------- Restricted cash 1,176,960 1,155,596 Property and equipment, net 16,462,360 16,772,660 License, net 1,189,307 1,189,307 Goodwill 2,679,482 2,679,482 Other assets 906,269 1,012,340 ------- --------- Total assets $26,910,467 $26,839,527 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY ------------------------------------ Current Liabilities: Current portion of notes payable and other debt $729,157 $713,323 Current portion of notes payable to stockholder 9,432 9,432 Accounts payable 875,325 1,009,002 Accrued expenses 2,606,873 2,838,407 --------- --------- Total current liabilities 4,220,787 4,570,164 --------- --------- Notes payable and other debt, net of current portion 16,645,776 16,974,788 Notes payable to stockholder, net of current portion 30,623 34,626 Other liabilities 695,229 299,314 Income tax payable 191,291 170,007 Total liabilities 21,783,705 22,048
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SOURCE AdCare Health Systems, Inc.
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