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Birner Dental Management Services, Inc. Announces Earnings for Year End and Fourth Quarter 2008
Date:3/26/2009

2007 2008 CURRENT ASSETS: Cash and cash equivalents $964,150 $1,234,991 Accounts receivable, net of allowance for doubtful accounts of $291,827 and $290,688, respectively 3,008,550 2,875,732 Deferred tax asset 178,591 195,091 Income taxes receivable 26,817 - Prepaid expenses and other assets 620,365 418,653 Total current assets 4,798,473 4,724,467 PROPERTY AND EQUIPMENT, net 4,533,531 3,887,919 OTHER NONCURRENT ASSETS: Intangible assets, net 11,393,590 10,621,918 Deposits 171,687 160,289 Total assets $20,897,281 $19,394,593 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $1,945,420 $1,551,851 Accrued expenses 1,581,661 1,462,258 Accrued payroll and related expenses 1,456,477 1,714,550 Income taxes payable - 371,569 Current maturities of long-term debt 920,000 920,000 Total current liabilities 5,903,558 6,020,228 LONG-TERM LIABILITIES: Deferred tax liability, net 538,093 618,913 Long-term debt, net of current maturities 4,784,511 5,988,202 Other long-term obligations 291,266 259,678 Total liabilities
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SOURCE Birner Dental Management Services, Inc.
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