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PreMD Reports First Quarter Results
Date:5/15/2008

31, December 31,

2008 2007

$ $

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ASSETS

Current

Cash and cash equivalents 928,824 282,200

Short-term investments 462,396 907,768

Accounts receivable 43,958 8,292

Inventory 50,606 61,177

Prepaid expenses and other receivables 975,702 758,715

Investment tax credits receivable 165,000 340,000

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Total current assets 2,626,486 2,358,152

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Capital assets, net of accumulated

amortization of $274,531 (2007 - $267,458) 95,954 93,867

Intangible assets, net of accumulated

amortization of $1,006,762 (2007 - $991,473) 290,494 305,783

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3,012,934 2,757,802

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LIABILITIES AND SHAREHOLDERS' DEFICIENCY

Current

Accounts payable 368,718 305,333

Accrued liabilities 662,250 765,312

Current portion of deferred revenue 106,680 106,680

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Total current liabilities 1,137,648
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SOURCE PreMD Inc.
Copyright©2008 PR Newswire.
All rights reserved

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