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Streamline Health(R) Solutions Reports First Quarter Results
Date:6/9/2009

977 Line of Credit 800,000 800,000 Other 24,421 48,842 Total liabilities 8,265,366 9,635,346 Stockholders' equity: Convertible redeemable preferred stock, $.01 par value per share 5,000,000 shares authorized, no shares issued - - Common stock, $.01 par value per share, 25,000,000 shares authorized, 9,354,782 shares issued, respectively 93,548 93,548 Additional paid in capital 35,886,556 35,820,417 Accumulated (deficit) (28,800,518) (28,816,859) Total stockholders' equity 7,179,586 7,097,106 $15,444,952 $16,732,452

                           STREAMLINE HEALTH SOLUTIONS, INC.
                    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                              Three Months Ended April 30,

                                      (Unaudited)
                                                         2009        2008
    Operating activities:
    Net earnings (loss)                                $16,341   $(814,622)
    Adjustments to reconcile net earnings (loss)
     to net cash (used in) provided by operating
     activities:
        Depreciation and amortization                  624,747     689,609
        Share-based compensation expense                66,139      40,054

    Changes in assets and liabilities:
        Accounts and contract receivables               46,072   1,446,450
        Other current assets                          (276,835)   (263,537)
        Accounts payable and accrued expenses          306,358    (519,091)
        Deferred revenues                           (1,651,917)   (332,982)

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SOURCE Streamline Health Solutions, Inc.
Copyright©2009 PR Newswire.
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