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Streamline Health Solutions, Inc. Reports Fourth Quarter and Fiscal Year 2007 Results
Date:3/31/2008

ENSED CONSOLIDATED BALANCE SHEETS

January 31,

Assets 2008 2007

Current assets:

Cash and cash equivalents $2,189,010 $3,316,614

Accounts receivable, net of allowance

for doubtful accounts of $100,000 and

$200,000, respectively 2,832,852 2,281,313

Contract receivables 1,833,842 1,357,433

Other, including deferred tax assets of

$185,000 and $625,000, respectively 1,171,050 1,170,430

Total current assets 8,026,754 8,125,790

Property and equipment:

Computer equipment 2,235,104 2,132,853

Computer software 1,086,691 847,328

Office furniture, fixtures and equipment 731,346 733,320

Leasehold improvements 574,257 568,098

4,627,398 4,281,599

Accumulated depreciation and amortization (3,153,675) (2,704,329)

1,473,723 1,577,270

Capitalized software development costs, net

of accumulated amortization of $6,643,235

and $5,116,658, respectively 4,878,694 3,753,361

Contract receivables - non-current - 554,888

Other, including deferred tax assets of

$1,690,000 and $1,250,000, respectively 1,720,114 1,289,536

$16,099,285 $15,300,845

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $1,518,682 $619,362

Accrued compensation 536,599
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SOURCE Streamline Health Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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