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Streamline Health Solutions, Inc. Reports Fourth Quarter and Fiscal Year 2007 Results

wance for doubtful

accounts (100,000) -

Cash provided by (used for) assets and


Accounts, contract and installment

receivables (373,060) 921,316

Other assets (440,620) (178,699)

Accounts payable 899,321 (436,177)

Accrued expenses 111,554 (909,654)

Deferred revenues 1,489,665 1,076,484

Net cash provided by operating activities 3,200,431 2,500,101

Investing activities:

Purchases of property and equipment (715,053) (610,353)

Proceeds from disposal of property and

equipment 138,775 -

Capitalization of software development

costs (2,652,000) (2,130,000)

Other (66,537) (77,720)

Net cash (used for) investing activities (3,294,815) (2,818,073)

Financing activities:

Repayment of long-term debt (1,000,000) (1,000,000)

Payment of capitalized leases (147,051) (84,951)

Exercise of stock options and stock

purchase plan 113,831 85,318

Net cash (used for) financing activities (1,033,220) (999,633)

Increase (Decrease) in cash and cash

equivalents (1,127,604) (1,317,605)

Cash and cash equivalents at beginning of

year 3,316,614 4,634,219

Cash and cash equivalents at end of year $2,189,010 $3,316,614

Supplemental cash flow disclosures:

Interest paid

SOURCE Streamline Health Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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