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

revenue 450,381 442,422 918,435 866,903 ---------- ---------- ---------- ---------- Total revenue 6,613,127 6,016,536 12,998,016 12,009,078 ---------- ---------- ---------- ---------- Expenses: Payroll and related payroll costs 3,709,728 3,697,477 7,447,457 7,284,874 Other operating expenses 2,150,161 2,113,128 4,168,087 4,136,385 Depreciation and amortization 225,878 206,324 451,186 433,018 ---------- ---------- ---------- ---------- Total expenses 6,085,767 6,016,929 12,066,730 11,854,277 ---------- ---------- ---------- ---------- Income (Loss) from Operations 527,360 (393) 931,286 154,801 ---------- ---------- ---------- ---------- Other Income (Expense): Interest income 1,098 5,096 2,406 14,228 Interest expense, others (299,804) (393,358) (593,947) (619,710) Interest expense, related parties (510) (13,574) (1,228) (28,446) Other expense (53,524) - (49,324) - ---------- ---------- ---------- ---------- (352,740) (401,836) (642,092) (633,928) ---------- ---------- ---------- ---------- Gain on Acquisition - 413,593 - 413,593 ---------- ---------- ---------- ---------- Income (Loss) Before Income Taxes 174,620 11,364 289,194 (65,534) Income Tax Expense (10,642) (10,642) (21,284) (21,284)
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