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Medifast Reports Record First Quarter 2009 Financial Results
Date:4/29/2009

2,034,000 Prepaid income tax 1,091,000 1,131,000 Note receivable - current 180,000 180,000 Deferred tax asset 100,000 100,000 Total Current Assets 24,110,000 21,220,000 Property, plant and equipment - net 21,626,000 21,709,000 Trademarks and intangibles - net 5,122,000 5,547,000 Deferred tax asset, net of current portion 1,241,000 1,131,000 Note receivable, net of current portion 1,046,000 1,080,000 Other assets 352,000 350,000 TOTAL ASSETS $53,497,000 $51,037,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $4,832,000 $5,130,000 Line of credit 3,179,000 3,164,000 Current maturities of long-term debt 257,000 257,000 Total Current liabilities 8,268,000 8,551,000 Long-term debt, net of current liabilities 4,249,000 4,313,000 Total liabilities 12,517,000 12,864,000 Stockholders' equity: Common stock; par value $.001 per share; 20,000,000 authorized; 14,689,960 and 14,585,960 shares issued and outstanding, respectively 15,000 15,000 Additional paid-in capital 31,227,000 30,787,000 Accumulated other comprehensive (loss) (447,000) (389,000) Retained earnings 17,738,000 15,253,000 48,533,000 45,666,000 Less: cost of 301,092 and 272,192 shares of common stock in treasury,
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SOURCE Medifast, Inc.
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