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Arcadia Resources Announces Fourth Quarter and Fiscal 2009 Year-End Results
Date:6/25/2009

Fiscal Year Ended March 31, March 31, 2009 2008 Operating activities Net loss for the year $(46,470) $(23,398) Adjustments to reconcile net loss to net cash used in operating activities: Provision for doubtful accounts 4,433 3,309 Depreciation and amortization of property and equipment 4,505 4,569 Amortization of intangible assets 1,850 2,519 Goodwill and intangible asset impairment 26,455 1,900 Loss on extinguishment of debt 4,487 - Non-cash interest expense 2,215 218 Loss on business disposals 1,258 2,389 Loss on disposal of property and equipment 75 128 Gain on settlement of debt with common stock - (121) Reduction in expense due to return of common stock previously issued - (252) Amortization and write off of debt discount and deferred financing costs 972 - Stock-based compensation expense 1,654 3,014 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (856) 6,188 Inventories (1,652) (1,269) Other assets 515 (536) Accounts payable 1,278 (5,189) Accrued expenses 7 (32) Due to affiliated
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SOURCE Arcadia Resources, Inc.
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