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TeamStaff Reports Fourth Quarter and Fiscal 2007 Results; Posts Fourth Quarter Income From Operations
Date:1/15/2008

23

Computer equipment 545 448

Computer software 928 898

Leasehold improvements 124 167

4,873 4,736

Less accumulated depreciation and

amortization (4,132) (3,984)

Equipment and improvements, net 741 752

TRADENAME 4,569 4,569

GOODWILL 10,305 10,305

OTHER ASSETS:

Prepaid workers' compensation, net of

current portion - 350

Other assets 82 106

Total other assets 82 456

ASSETS HELD FOR SALE - 2,180

TOTAL ASSETS $26,168 $30,776

TEAMSTAFF, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(AMOUNTS IN THOUSANDS EXCEPT PAR VALUE OF SHARES)

September 30, September 30,

LIABILITIES AND SHAREHOLDERS' EQUITY 2007 2006

CURRENT LIABILITIES:

Notes payable $1,500 $1,500

Current portion of capital lease obligations 63 52

Accrued payroll 1,581 1,687

Accrued pension liability 280 210

Accounts payable 3,727 3,207

Accrued expenses and other current liabilities 1,756 1,635

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SOURCE TeamStaff, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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