DATATRAK International, Inc. Announces Fourth Quarter and Full Year Result...(73211 Accounts payable and other curr...),Health

Date:3/16/2009

73,211 Accounts payable and other current liabilities $2,878,831 $3,971,883 Long-term liabilities 1,446,923 5,931,962 Shareholders' equity 321,386 16,569,366 Total liabilities and shareholders' equity $4,647,140 $26,473,211 DATATRAK International, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) For the Three Months Ended December 31, 2008 2007 Revenue $2,121,895 $1,838,730 Direct costs 432,309 964,970 Gross profit 1,689,586 873,760 Selling, general and administrative expenses 1,134,411 2,770,640 Severance expense 123,611 191,688 Depreciation and amortization 135,146 542,980 Liquidation of foreign subsidiary 380,798 --- Impairment loss 24,689 --- Loss from operations (109,069) (2,631,548) Interest income 9,244 89,830 Interest (expense) benefit 141,446 (84,139) Other expense (6,935) --- Settlement of ClickFind lawsuit 3,000,000 --- Income (loss) before income taxes 3,034,686 (2,625,857) Income tax benefit --- (139,600) Net income (loss) $3,034,686 $(2,486,25
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