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

icers

-

12,400Total current liabilities

1,704,750

1,515,268Convertible notes payable, net

1,909,714

150,000Warrant liability

-

120,000Total liabilities

3,614,464

1,785,268STOCKHOLDERS' DEFICITPreferred stock, par value $0.001 ;

5,000,000  shares authorized; none issued

-

-Common Stock, par value $0.001; 100,000,000 shares authorized,  34,843,441 and 29,335,774 shares issued and outstanding as of January 31, 2013 and 2012, respectively

34,844

29,336Prepaid consulting

(616,014)

-Additional paid-in-capital

11,248,566

1,429,051Accumulated deficit

(11,022,272)

(2,117,708)Total

(354,876)

(659,321)Non-controlling interest

(36,503)

238,101Total stockholders' deficit

(391,379)

(421,220)TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 

$  3,223,085

$ 1,364,048 APOLLO MEDICAL HOLDINGS, INC.CONSOLIDATED STATEMENTS OF OPERATIONSYears ended January 31,20132012NET REVENUES

$
7,776,131

$
5,110,806COST OF SERVICES

6,316,164

4,132,399GROSS PROFIT

1,459,967

978,407Operating expenses:General and administrative

3,517,536

1,379,153Depreciation

20,918

12,589Total operating expenses

3,538,454

1,391,742LOSS FROM OPERATIONS

(2,078,487)

(413,335)Other income (expense)Loss on change in fair value of derivative liabilities

(5,853,855)

-Interest expense

(930,176)

(304,034)Other (expense) income

(37,246)

2,842Total other expenses

(6,821,277)

(301,192)LOSS BEFORE INCOME TAXES

(8,899,764)

(714,527)Provision for Income Tax

4,800

5,819NET LOSS

$
(8,904,564)

$
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SOURCE Apollo Medical Holdings, Inc.
Copyright©2012 PR Newswire.
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