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PainCare Holdings Reports on Fiscal Year 2007 Results
Date:4/16/2008

49,962,114 163,377,733

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable and accrued expenses 7,426,106 6,257,250

Interest payable 3,853,366 781,971

Acquisition consideration payable 141,139 4,026,209

Current portion of notes payable 8,048,971 13,112,000

Current portion of capital lease

obligations 834,245 1,402,157

Total current liabilities 20,303,827 25,579,587

Notes payable 21,003,377

Derivative liabilities 600,000 600,000

Convertible debentures 13,132,178 12,415,480

Capital lease obligations 609,846 1,763,997

Deferred tax liability 14,052,953 2,472,513

Total Liabilities 48,698,804 63,834,954

Minority Interests 2,191,797

Shareholders' equity

Common stock, $.0001 par value 7,869 6,629

Additional paid in capital 146,381,546 142,763,156

Retained earnings (45,465,595) (18,983,089)

Current period income (loss) (99,830,559) (26,482,506)

Cumulative translation adjustment 170,049 46,792

Total stockholders equity 1,263,310 97,350,982

Total liabilities and stockholders'

equity 49,962,114 163,377,733

About PainCare Holdings, Inc.

Headquartered in Orlando, Florida, PainCare Holdings, Inc. is a provider of pain-focused medical and surgical solutions and services. Thro
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SOURCE PainCare Holdings, Inc.
Copyright©2008 PR Newswire.
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