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HealthFitness Announces 2007 Fourth Quarter and Full-Year Results

.04 0.03



Basic 19,887,125 19,085,789 19,685,980 18,023,298

Diluted 20,828,832 19,823,346 20,657,438 18,772,675



DECEMBER 31, 2007 AND 2006 (Unaudited)

2007 2006



Cash $1,946,028 $987,465

Trade and other accounts receivable,

less allowances of $243,300 and $283,100 14,686,879 12,404,856

Inventory 569,458 326,065

Prepaid expenses and other 226,891 375,824

Deferred tax assets 406,367 217,476

Total current assets 17,835,623 14,311,686

PROPERTY AND EQUIPMENT, net 1,400,570 767,675


Goodwill 14,546,250 14,509,469

Software technology, less accumulated

amortization of $795,100 and $370,200 1,734,920 1,658,575

Trademark, less accumulated amortization

of $345,500 and $246,300 147,561 246,809

Other intangible assets, less accumulated

amortization of $241,700 and $166,500 287,334 362,528

Deferred tax assets - 437,010

Other 9,807 24,597

$35,962,065 $32,318,349



Trade accounts payable $ 2,121,154 $1,811,939

Accrued salaries, wages, and payroll


SOURCE Health Fitness Corporation
Copyright©2008 PR Newswire.
All rights reserved

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