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Apollo Medical Holdings Announces Record Fiscal Year-End Results
Date:5/3/2013

ss units; saw material growth in the number of hospitals, physicians and patients we now serve; and gained meaningful traction with our market penetration efforts in Southern and Central California.  Moreover, we are very proud of our many notable accomplishments in the last year that helped us close fiscal 2013 on a $10+ million revenue run rate, which firmly positions us to deliver yet another record year in 2014.  Practicing strict expense discipline and aggressively ramping sales are among are chief priorities in the current fiscal year and are goals that we believe we are well poised to achieve."

For more details on ApolloMed's fiscal 2013 year-end results, please refer to the Company's 10-K filed with the U.S. Securities Exchange Commission and accessible at www.sec.gov.  

FINANCIAL CHARTS TO FOLLOW APOLLO MEDICAL HOLDINGS, INC.CONSOLIDATED BALANCE SHEETSJanuary 31,
2013January 31,
2012CURRENT ASSETSCash and cash equivalents

$
,176,727

$
4,361Accounts receivable, net

1,582,505

994,118Advances

-

2,140Due from affiliates

5,648

5,504Prepaid expenses

72,628

45,601Deferred financing costs, current

34,614

37,500Total current assets

2,872,122

1,249,224Deferred financing costs, non-current

218,640

-Property and equipment, net 

68,142

43,261Goodwill

33,200

32,000Other assets

30,981

39,563TOTAL ASSETS$
3,223,085

1,364,048LIABILITIES AND STOCKHOLDERS' DEFICITCURRENT LIABILITIES:Accounts payable and accrued liabilities

$
950,651

$
3,476Notes payable

594,765

-Convertible notes payable, net

-

596,366Derivative liability

-

653,026Stock issuable 

159,334

90,000Due to off
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SOURCE Apollo Medical Holdings, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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