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Versus Technology Announces First Quarter Results
Date:3/6/2009

1,533,000 1,533,000 Deposits 9,000 9,000 Total assets $5,861,000 $5,834,000 See accompanying report of management. VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Balance Sheets (Unaudited) January 31, 2009 October 31, 2008 Liabilities and shareholders' equity Current Liabilities Short-term borrowings $400,000 $400,000 Accounts payable 297,000 274,000 Accrued expenses 279,000 359,000 Deferred revenue from customer advance payments 277,000 256,000 Total liabilities (all current) 1,253,000 1,289,000 Shareholders' equity Common stock $0.01 par value; 120,000,000 shares authorized; 95,325,325 (92,781,325 -- 2008) issued and outstanding 953,000 953,000 Additional paid-in capital 42,711,000 42,686,000 Accumulated deficit (39,056,000) (39,094,000) Total shareholders' equity 4,608,000 4,545,000 Total liabilities and shareholders' equity $5,861,000 $5,834,000 See accompanying report of management. VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Statements of Operations (Unaudited) Three Months Ended January 31, 2009 2008 Revenues $1,613,000 $1,426,
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SOURCE Versus Technology, Inc.
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