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Allied Healthcare Products Reports First Quarter Loss on Sales Decline
Date:11/8/2011

(233,819)(141,540)Benefit from income taxes

(88,851)(53,785)Net loss

$
(144,968)$
(87,755)Basic and diluted loss per share

$
(0.02)$
(0.01)Weighted average common shares   outstanding - basic and diluted

8,124,3868,093,386ALLIED HEALTHCARE PRODUCTS, INC.CONSOLIDATED BALANCE SHEET(UNAUDITED)September 30, 2011

June 30, 2011ASSETSCurrent assets:Cash and cash equivalents

$
,164,178$
,512,887Accounts receivable, net of allowances  of $300,000

5,146,9275,366,860Inventories, net

10,752,05710,553,289Income tax receivable

187,72895,578Other current assets

456,015213,745Total current assets

22,706,90522,742,359Property, plant and equipment, net

8,855,5788,660,507Other assets, net

359,420362,480Total assets

$
31,921,903$
31,765,346LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
,796,735$
,644,910Other accrued liabilities

1,961,1301,645,552Deferred income taxes

508,457512,572Deferred revenue

630,850688,200Total current liabilities

4,897,1724,491,234Deferred revenue

-114,700Commitments and contingenciesStockholders' equity:Preferred stock; $0.01 par value; 1,500,000 shares

--  authorized; no shares issued and outstandingSeries A preferred stock; $0.01 par value; 200,000 shares

--  authorized; no shares issued and outstandingCommon stock; $0.01 par value; 30,000,000 shares  authorized; 10,427,878 shares issued at September 30,  2011 and June 30, 2011; 8,124,386 shares outstanding  at September 30, 2011 and June 30, 2011

104,279104,279Additional paid-in capital

48,509,39048,499,103Accumulated deficit

(857,510)(712,542)Less treasury stock, at cost; 2,303,492 shares at   September 30, 2011 and June 30, 2011

(20,731,428)(20,731,428)Total stockholders' equity

27,024,73127,159,412Total liabilitie
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SOURCE Allied Healthcare Products, Inc.
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