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Allied Healthcare Reports Strong Fourth Quarter, Flat Net Income for Fiscal 2007 vs. 2006
Date:9/7/2007

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CONSOLIDATED BALANCE SHEET

(UNAUDITED)

June 30, 2007 June 30, 2006

ASSETS

Current assets:

Cash and cash equivalents $3,638,870 $2,696,324

Accounts receivable, net of

allowances of $460,000 and

$430,000, respectively 7,251,767 7,429,355

Inventories, net 12,999,472 11,491,305

Other current assets 275,254 224,853

Total current assets 24,165,363 21,841,837

Property, plant and equipment, net 10,677,000 11,252,934

Goodwill 15,979,830 15,979,830

Other assets, net 496,127 255,845

Total assets $51,318,320 $49,330,446

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $3,040,313 $3,208,699

Deferred income taxes 882,001 689,942

Deferred revenue 465,000 465,000

Other accrued liabilities 2,508,820 2,834,495

Total current liabilities 6,896,134 7,198,136

Deferred revenue 1,937,500 1,472,500

Commitments and contingencies

Stockholders' equity:

Preferred stock; $0.01 par value;

1,500,000 shares authorized; no shares

issued and outstanding - -

Series A preferred stock; $0.01 par

value; 200,000 shares authorized; no shares

issued and outstanding - -

Common st
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SOURCE Allied Healthcare Products, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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