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QMed, Inc. Reports First Quarter Results
Date:4/18/2008

>Leases payable, current portion 26,700 41,116

Accrued salaries and commissions 191,025 245,888

Fees reimbursable to health plans 20,050 12,900

Contract billings in excess of revenues 197,380 197,380

Income taxes payable 11,353 12,786

Liabilities related to discontinued 1,964,443 3,952,421

operations

4,474,741 6,070,331

Leases payable -- long term 50,206 49,134

Accrued severance payable, long term 12,410 309,258

4,537,357 6,428,723

Commitments and Contingencies

Stockholders' equity

Common stock $.001 par value; 40,000,000

shares authorized; 17,042,959 shares

issued and 17,020,959 outstanding,

respectively 17,043 17,043

Paid-in capital 54,935,081 54,558,476

Accumulated deficit (50,606,241) (49,607,057)

4,345,883 4,968,462

Less treasury stock at cost, 22,000

common shares (75,625) (75,625)

Total stockholders' equity 4,270,258 4,892,837

$ 8,807,615 $ 11,321,560

QMED, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Restated

For the For the

Three Months
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SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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