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Stereotaxis Reports Fourth Quarter 2008 Financial Results
Date:2/26/2009

0 Short-term investments 6,634,178 Accounts receivable, net of allowance of $328,307 and $189,040 in 2008 9,739,008 13,757,270 and 2007, respectively Current portion of long-term receivables 197,351 136,430 Inventories 8,086,956 9,964,460 Prepaid expenses and other current assets 2,966,510 3,421,202 Total current assets 51,345,482 50,935,740 Property and equipment, net 6,420,600 7,011,763 Intangible assets 1,277,778 1,411,111 Long-term Receivables 298,123 272,859 Other assets 98,382 844,321 Total assets $59,440,365 $60,475,794 Liabilities and stockholders' equity Current liabilities: Current maturities of long-term debt $666,667 $972,222 Accounts payable 4,561,928 7,349,426 Accrued liabilities 9,873,818 11,913,418 Deferred contract revenue 9,676,339 8,774,958 Total current liabilities 24,778,752 29,010,024 Long term debt, less current maturities 28,506,371 6,000,000 Long term deferred contract revenue 1,225,656 942,573 Other liabilities 158,905 328,790 Stockholders' equity: Preferred stock, par value $0.001; 10,000,000 shares authorized at 2008 and 2007; none outstanding at 2008 and 2007 -
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SOURCE Stereotaxis, Inc.
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