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Derma Sciences Reports Fourth Quarter, Year-End Results for 2008
Date:4/1/2009

current assets 397,117 1,210,135 Total current assets 17,103,720 15,390,327 Cash - restricted 2,014,422 - Equipment and improvements, net 3,977,853 4,909,049 Goodwill 7,119,726 9,524,305 Other intangible assets, net 5,310,129 5,537,653 Other assets, net 681,472 509,507 Total Assets $36,207,322 $35,870,841 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Line of credit borrowings 3,446,605 1,219,197 Current maturities of long-term debt 1,298,207 1,288,532 Accounts payable 3,614,764 4,092,278 Accrued expenses and other current liabilities 2,004,493 3,421,282 Total current liabilities 10,364,069 10,021,289 Long-term debt 4,065,036 5,292,136 Other long-term liabilities 44,848 82,402 Deferred tax liability 340,871 420,059 Total Liabilities 14,814,824 15,815,886 Shareholders' Equity Convertible preferred stock, $.01 par value; 11,750,000 shares authorized; issued and outstanding: 2,280,407 at December 31, 2008 and 2007 (liquidation preference of $4,210,231 at December 31, 2008) 22,804 22,804 Common stock, $.01 par value, authorized shares 150,000,000; issued and outstanding shares: 40,140,743 at December 31, 2008 and 33,829,755 at December 31, 2007 401,407 338,298 Additional paid-in capital 40,027,645
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SOURCE Derma Sciences, Inc.
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