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Dialysis Corporation of America Reports Second Quarter 2008 Results
Date:8/6/2008

$.08 $.12 $.12

Weighted average shares

outstanding:

Basic 9,579,766 9,573,244 9,579,931 9,572,178

Diluted 9,613,663 9,611,096 9,614,819 9,611,599

DIALYSIS CORPORATION OF AMERICA AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

June 30, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $3,692,475 $2,447,820

Accounts receivable, net 20,951,827 20,159,926

Inventories, net 2,457,504 2,006,661

Deferred income tax asset 998,000 998,000

Other current assets 2,412,264 3,313,406

Total current assets 30,512,070 28,925,813

Property and equipment 30,573,834 28,766,423

Less accumulated depreciation and

amortization 13,337,405 12,264,029

17,236,429 16,502,394

Goodwill 10,549,501 8,576,893

Other assets 681,580 841,092

Total other assets 11,231,081 9,417,985

$58,979,580 $54,846,192

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable and accrued expenses $10,203,537 $10,224,199

Income taxes payable --- 33,297

Current portion of long-term debt 67,000
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SOURCE Dialysis Corporation of America
Copyright©2008 PR Newswire.
All rights reserved

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