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Psychemedics Corporation Announces First Quarter Results
Date:5/7/2009

----------- ----------- Deferred tax asset 139,021 139,021 Other assets 74,716 75,183 ----------- ----------- Total Assets $11,126,486 $12,627,786 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $313,896 $644,894 Accrued expenses 946,220 1,268,924 Deferred revenue 123,210 154,080 ----------- ----------- Total Current Liabilities 1,383,326 2,067,898 Shareholders' Equity Preferred stock, $0.005 par value; 872,521 shares authorized, no shares issued or outstanding - - Common stock, $0.005 par value; 50,000,000 shares authorized. 5,825,849 shares issued in 2009 and 5,815,000 shares issued in 2008 29,216 29,216 Paid-in capital 27,226,179 27,118,743 Accumulated deficit (7,458,871) (6,614,114) Less - Treasury stock, at cost, 664,533 shares in 2009 and 606,797 shares in 2008. (10,053,364) (9,973,957) ----------- ----------- Total Shareholders' Equity 9,743,160 10,559,888 ----------- ----------- Total Liabilities & Shareholders' Equity $11,126,486 $12,627,786
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SOURCE Psychemedics Corporation
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