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AdCare Health Systems, Inc. Reports 2009 Third Quarter Earnings Results; Third Consecutive Profitable Quarter
Date:11/16/2009

------------------------------------ Current Liabilities: Current portion of notes payable and other debt $663,078 $713,323 Current portion of notes payable to stockholder 9,432 9,432 Accounts payable 722,606 1,009,002 Accrued expenses 2,863,475 2,838,407 --------- --------- Total current liabilities 4,258,591 4,570,164 --------- --------- Notes payable and other debt, net of current portion 16,498,924 16,974,788 Notes payable to stockholder, net of current portion 28,748 34,626 Other liabilities 570,690 299,314 Income tax payable 201,932 170,007 ---------- ---------- Total liabilities 21,558,885 22,048,899 Stockholders' equity: Preferred stock, no par value; 500,000 shares authorized; no shares issued or outstanding - - Common stock and additional paid-in capital, no par value; 14,500,000 shares authorized; 3,786,129 shares issued and outstanding 14,933,652 14,766,967 Accumulated deficit (9,802,600) (10,245,532) ---------- ------------ Total stockholders' equity 5,131,052 4,521,435 Noncontrolling interest in subsidiaries 287,989 269,193 --------- ---------
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SOURCE AdCare Health Systems, Inc.
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