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Streamline Health Solutions, Inc. Reports Third Quarter Results
Date:12/15/2008

le 3,093,000 1,759,878 2,932,852 Contract receivables 852,138 1,285,995 1,833,842 Allowance for doubtful accounts (100,000) (100,000) (100,000) Other 1,911,311 1,590,688 1,171,050 Total current assets 7,096,843 5,165,226 8,026,754 Property and equipment: Computer equipment 2,643,847 2,228,439 2,235,104 Computer software 1,268,827 998,049 1,086,691 Office furniture, fixtures and equipment 737,344 806,341 731,346 Leasehold improvements 574,257 577,737 574,257 5,224,275 4,610,566 4,627,398 Accumulated depreciation and amortization (3,676,019) (3,090,858) (3,153,675) 1,548,256 1,519,708 1,473,723 Contract receivables 321,500 181,381 - Capitalized software development costs, net of accumulated Amortization of $8,201,235, $6,261,568 and $6,643,235 respectively 5,948,694 4,376,355 4,878,694 Other, primarily deferred tax asset 1,724,661 1,281,700 1,720,114 $ 16,639,954 $ 12,524,370 $ 16,099,285 Liabilities, and stockholders' equity Current liabilities: Bank line of credit $ 2,000,000 $ - $ - Accounts payable 1,522,094 730,725 1,518,682 Accrued compensation 414,210 354,126 536,599 Accrued other expenses 524,531 459,361 521,210 Deferred revenues 4,955,593 3,483,620 5,183,333 Total current liabilities
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SOURCE Streamline Health Solutions, Inc.
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