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Allied Healthcare's Net Suffers on Flat Sales, Performance Issues
Date:2/8/2008

June 30, 2007

ASSETS

Current assets:

Cash and cash equivalents $4,732,692 $3,638,870

Accounts receivable, net of

allowances of $325,000 and

$460,000, respectively 6,190,756 7,251,767

Inventories, net 11,810,149 12,999,472

Other current assets 523,486 275,254

Total current assets 23,257,083 24,165,363

Property, plant and equipment, net 10,267,716 10,677,000

Goodwill 15,979,830 15,979,830

Other assets, net 562,161 496,127

Total assets $50,066,790 $51,318,320

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $2,719,389 $3,040,313

Other accrued liabilities 1,945,603 2,508,820

Deferred income taxes 726,861 882,001

Deferred revenue 465,000 465,000

Total current liabilities 5,856,853 6,896,134

Deferred revenue 1,705,000 1,937,500

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 stock; $0.01 par value; 30,000,000

shares authorized; 10,187,069 shares

issued at December 31, 2007 and June 30,

2007; 7,883,577 shares outstanding at

December 31, 2007 an
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SOURCE Allied Healthcare Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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