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HealthFitness Announces 2008 Third Quarter Results
Date:11/3/2008

$1,164,700 and $795,100 1,916,976 1,734,920

Trademark, less accumulated amortization of

$420,000 and $345,500 73,124 147,561

Other intangible assets, less accumulated

amortization of $295,600 and $241,700 233,459 287,334

Other - 9,807

$33,199,930 $35,962,065

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Trade accounts payable $ 1,372,933 $ 2,121,154

Accrued salaries, wages, and payroll taxes 3,008,169 4,011,580

Other accrued liabilities 551,666 1,187,045

Accrued self funded insurance 278,050 333,724

Deferred revenue 1,106,371 1,722,254

Total current liabilities 6,317,189 9,375,757

DEFERRED TAX LIABILITY 261,327 108,623

LONG-TERM OBLIGATIONS - -

COMMITMENTS AND CONTINGENCIES - -

STOCKHOLDERS' EQUITY

Common stock, $0.01 par value; 25,000,000

shares authorized; 9,639,039 and 9,964,295

shares issued and outstanding at

September 30, 2008 and December 31, 2007,

respectively 96,390 99,642

Additional paid-in capital 28,076,859 29,449,854

Accumulated comprehensive loss from foreign

currency translation (65,199) (56,413)

Accumulated deficit (1,486,636) (3,015,398)

26,621,414 26,477,685

$33,199,930 $35,962,
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SOURCE Health Fitness Corporation
Copyright©2008 PR Newswire.
All rights reserved

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