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Novadaq Reports Financial Results for the First Quarter of 2008
Date:5/12/2008

26,823,068

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Long-term investments 426,000 426,000

Long-term receivable 52,312 -

Property, plant and equipment, net 2,942,731 2,785,342

Prepaid expenses 340,290 323,761

Deferred development costs 331,183 331,183

Intangible assets 10,722,513 11,030,760

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34,714,219 41,720,114

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LIABILITIES AND SHAREHOLDERS' EQUITY

Current

Accounts payable and accrued liabilities 3,991,841 6,289,722

Current portion of deferred revenue 908,729 995,099

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Total current liabilities 4,900,570 7,284,821

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Deferred revenue 461,145 446,118

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Total liabilities 5,361,715 7,730,939

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Shareholders' equity

Share capital 80,134,644 80,109,644

Contributed surplus 4,462,448 4,285,187

Accumulated other comprehensive loss (69,000) (69,000)

Deficit (55,175,588) (50,336,65
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SOURCE Novadaq Technologies Inc.
Copyright©2008 PR Newswire.
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