Arcadia Resources Announces First Quart...(---- --- NET LOSS ...),Health

Date:8/13/2009

---- --- NET LOSS $(4,573) $(3,286) ======= ======= Weighted average number of common shares outstanding 160,552 131,688 Basic and diluted net loss per share: Loss from continuing operations $(0.02) $(0.03) Loss from discontinued operations (0.01) - ----- - Net loss per share $(0.03) $(0.03) ====== ====== ARCADIA RESOURCES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) Three-Month Period Ended June 30, -------- (Unaudited) 2009 2008 ---- ---- Operating activities Net loss for the period $(4,573) $(3,286) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Provision for doubtful accounts 873 811 Depreciation of property and equipment 531 1,012 Amortization of intangible assets 246 456 Gain on business disposals (216) - Non-cash interest expense 584 Loss on sale of property and equipment
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SOURCE Arcadia Resources, Inc. Copyright©2009 PR Newswire. All rights reserved

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