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Nutrition 21 Reports Fiscal Second Quarter 2008 Financial Results
Date:2/11/2008

1, INC.

Consolidated Balance Sheets

(in thousands)

(unaudited)

December 31, June 30,

2007 2007

ASSETS (unaudited)

Current assets:

Cash, cash equivalents and

short term investments $9,496 $3,417

Accounts receivable, net 5,476 1,918

Other receivables, net 449 344

Inventories, net 4,153 3,945

Other current assets 1,684 1,369

Total current assets 21,258 10,993

Property and equipment, net 88 64

Patents, trademarks, and other

intangibles, net 2,370 3,271

Goodwill 14,827 14,715

Other intangibles with indefinite lives 5,379 5,379

Other assets 1,402 272

Total Assets $45,324 $34,694

LIABILITIES, AND STOCKHOLDERS' EQUITY

Short-term borrowings $1,747 $---

Accounts payable 4,752 7,085

Accrued expenses 1,528 1,411

Deferred income 2,945 2,929

Total Current Liabilities 10,972 11,425

Long-term debt 2,378 2,342

Deferred income tax liability 2,152
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SOURCE Nutrition 21, Inc.
Copyright©2008 PR Newswire.
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