HealthFitness Announces Third Quarter 2009 Financi...(Software technology less accumulated ...),Health

Date:11/4/2009

Software technology, less accumulated amortization of $1,789,200 and $1,301,300 2,173,204 1,977,071 Trademark, less accumulated amortization of $459,000 and $438,700 34,000 54,400 Other intangible assets, less accumulated amortization of $367,500 and $313,600 161,625 215,500 ------- ------- $40,422,344 $36,633,844 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Trade accounts payable $1,563,775 $1,470,440 Accrued salaries, wages, and payroll taxes 3,881,585 2,632,329 Other accrued liabilities 1,138,652 1,664,710 Accrued self funded insurance 217,620 310,511 Deferred revenue 1,708,619 1,820,960 --------- --------- Total current liabilities 8,510,251 7,898,950 DEFERRED TAX LIABILITY 769,607 751,769 LONG-TERM OBLIGATIONS - - COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Common stock, $0.01 par value; 25,000,000 shares authorized; 10,136,550 and 9,647,404 shares issued and outstanding at September 30, 2009 and December 31, 2008, respectively 101,366 96,474 Additional paid-in capital 29,129,448 28,263,803 Accumulated comprehensive loss from foreign currency translation (66,548) (83,835) Retained earnings (a
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