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Derma Sciences Reports Second Quarter 2009 Results
Date:8/17/2009

efit for income taxes (52,388) (81,830) Net Loss $(1,318,581) $(2,680,276) Loss per common share - basic and diluted $(0.03) $ (0.07) Shares used in computing loss per common share - basic and diluted 40,188,119 37,055,958 DERMA SCIENCES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS June 30, December 31, 2009 2008 (Unaudited) Current Assets Cash and cash equivalents $167,040 $391,038 Accounts receivable, net 3,171,963 3,892,523 Inventories 11,479,212 12,423,042 Prepaid expenses and other current assets 359,117 397,117 Total current assets 15,177,332 17,103,720 Cash - restricted 2,025,722 2,014,422 Equipment and improvements, net 3,789,741 3,977,853 Goodwill 7,119,726 7,119,726 Other intangible assets, net 4,651,249 5,310,129 Other assets, net 611,308 681,472 Total Assets $33,375,078 $36,207,322 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Line of credit borrowings 3,781,381 3,446,605 Current maturities of long-term debt 1,787,278 1,298,207 Accounts payable 2,596,861 3,614,764 Accrued expenses and other current liabilities 1,049,480 2,004,4
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SOURCE Derma Sciences, Inc.
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