Palomar Medical Reports Financial Results for Fourth Quarter and Fiscal...(current assets 538...),Health

Date:2/5/2009

current assets 538,987 1,129,300 Total current assets 150,928,674 166,245,152 Marketable securities, at fair value 4,486,834 - Property and equipment, net 14,225,397 1,250,437 Other assets 7,515 111,074 Total assets $169,648,420 $167,606,663 Liabilities and Stockholders' Equity Liabilities: Note payable $6,000,000 $- Accounts payable 3,247,051 1,987,579 Accrued liabilities 4,614,121 12,606,422 Deferred revenue 6,166,246 5,789,936 Total current liabilities 20,027,418 20,383,937 Deferred taxes 2,815,577 2,533,220 Total liabilities $22,842,995 $22,917,157 Stockholders' equity: Preferred stock, $.01 par value- Authorized - 1,500,000 shares Issued - none - - Common stock, $.01 par value- Authorized - 45,000,000 shares Issued - 18,479,345 and 18,442,846 shares, respectively 184,794 184,429 Additional paid-in capital 205,306,957 199,988,081 Accumulated other comprehensive (loss) income (542,443) 12,590 Accumulated deficit (52,547,173) (52,479,008) Treasury stock, at cost - 413,255 and 105,000 shares, respectively (5,596,710) (3,016,586) Total stockholders' equity $146,805,425 $144,689,506 Total liabilities and stockholders' equity
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SOURCE Palomar Medical Technologies, Inc. Copyright©2009 PR Newswire. All rights reserved

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