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Patient Safety Technologies Reports Second Quarter Results
Date:8/6/2009

Liabilities and Stockholders' (Deficit) Equity Current liabilities Accounts payable $1,770 $909 Current portion of convertible debentures 1,425 1,425 Current portion of notes payable 600 1,100 Accrued liabilities 9,983 3,358 ----- ----- Total current liabilities 13,778 6,792 Long-term convertible debentures, less current portion 53 51 Long-term notes payable, less current portion 1,530 - Deferred tax liabilities 979 1,042 --- ----- Total liabilities 16,340 7,885 ------ ----- Stockholders' equity: Convertible preferred stock, $1.00 par value, cumulative 7% dividend: 1,000 shares authorized; 11 issued and outstanding at June 30, 2009 and December 31, 2008: (Liquidation preference of $1.2 million at June 30, 2009 and December 31, 2008 11 11 Common stock, $0.33 par value: 25,000 shares authorized; 17,198 shares issued and outstanding at June 30, 2009 and December 31, 2008; 5,675 5,675 Additional paid-in capital 35,767 36,034 Accumulated deficit (49,985) (41,691) ------- ------- Total stockholders' (deficit) equity (8,532) 29
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SOURCE Patient Safety Technologies, Inc.
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