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iCAD Reports Fourth Quarter and Full Year 2007 Financial Results
Date:3/6/2008

3 290,282

4,238,118 4,372,863

Less accumulated depreciation and

amortization 2,369,590 2,269,139

Net property and equipment 1,868,528 2,103,724

Other assets:

Deposits 63,194 60,444

Patents, net of accumulated amortization 68,269 146,394

Technology intangibles, net of

accumulated amortization 3,115,843 3,731,926

Tradename, distribution agreements

and other, net of accumulated

amortization 148,800 173,600

Goodwill 43,515,285 43,515,285

Total other assets 46,911,391 47,627,649

Total assets $61,730,678 $60,289,673

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $2,010,717 $2,557,108

Accrued interest 675,835 221,050

Accrued salaries and other expenses 2,731,825 2,547,231

Deferred revenue 1,674,005 788,122

Convertible loans payable to related

parties 2,793,382 -

Convertible loans payable to non-

related parties 684,559 -

Current maturities of notes payable 53,762 375,000

Total current liabilities 10,624,085 6,488,511

Convertible revolving loans payable

to related party 2,258,906 2,258,906

Convertible loans payable to related

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

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