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Precision Optics Corporation Announces Fourth Quarter and Year End Results With Highest Revenues in Six Years
Date:10/1/2007

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Machinery and Equipment 3,559,384 3,513,736

Leasehold Improvements 553,596 553,596

Furniture and Fixtures 150,603 93,545

Vehicles 42,343 42,343

4,305,926 4,203,220

Less: Accumulated Depreciation (4,148,238) (4,127,287)

Net Property and Equipment 157,688 75,933

OTHER ASSETS

Cash surrender value of life

insurance policies 4,438 13,246

Patents, net 274,311 236,115

Total Other Assets 278,749 249,361

TOTAL ASSETS $ 3,035,597 $ 3,228,533

LIABILITIES AND STOCKHOLDERS' EQUITY

TOTAL CURRENT LIABILITIES 718,387 588,636

STOCKHOLDERS' EQUITY

Common Stock, $.01 par value-

Authorized -- 50,000,000 shares

Issued and Outstanding --

25,458,212 shares at June 30,

2007 and 15,458,212 shares

at June 30, 2006 254,582 154,582

Additional Paid-in Capital 37,197,015 34,729,873

Accumulated Deficit (35,134,387) (32,244,558)

Total Stockholders'

Equity 2,317,210 2,639,897

TOTAL LIABILITIES AND

STOCKHOLDERS' EQUITY $ 3,035,597 $ 3,228,533

Forward-looking statements contained in this news release, including those related to the future success of Company's newly released products and products under development are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could materially affect fut
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SOURCE Precision Optics Corporation, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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