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Smart Balance Announces Third Quarter 2007 Results
Date:11/9/2007

s of operations, changes in financial condition, changes in general economic or business conditions, changes in estimates, expectations or assumptions, or circumstances or events arising after the issuance of this press release. Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the Company's filings with the SEC.

SMART BALANCE, INC. AND SUBSIDIARY

Condensed Consolidated Balance Sheets

September 30, December 31,

2007 2006

Assets (Unaudited)

Current assets:

Cash and cash equivalents $1,043,487 $569,142

Investments held in trust - restricted - 101,073,611

Accounts receivable, net of allowance

of $271,621 9,899,997 -

Accounts receivable - other 555,451 141,260

Inventories 6,867,623 -

Prepaid expenses and other assets 13,648,827 354,077

Deferred tax asset 276,025 555,283

Total current assets 32,291,410 102,693,373

Property and equipment, net 620,214 -

Other assets:

Goodwill 384,509,382 -

Other intangibles 159,518,174 -

Deferred costs 4,821,045 3,589,990

Other assets 74,975 800

Total other assets 548,923,576 3,590,790

Total assets $581,835,200 $106,284,163

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SOURCE Smart Balance, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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