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177,295
161,201177,267
160,709Basic and diluted net loss per share:Loss from continuing operations
$
(0.02)
$
(0.03)$
(0.04)
$
(0.05)Income (loss) from discontinued operations
-
--
-Net loss per share
$
(0.02)
$
(0.03)$
(0.04)
$
(0.05)ARCADIA RESOURCES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)Six-Month Period EndedSeptember 30,(Unaudited)20102009Operating activitiesNet loss for the period
$
(6,937)
$
(8,718)Adjustments to reconcile net loss to net cash used in operating activities:Provision for doubtful accounts
351
1,155Depreciation of property and equipment
348
912Amortization of intangible assets
286
405Gain on business disposals
(1,046)
(379)Non-cash interest expense
1,392
1,224Amortization of deferred financing costs and debt discounts
190
121Stock-based compensation expense
753
551Change in fair value of warrant liability
(137)
-Changes in operating assets and liabilities, net of acquisitions:Accounts receivable
(260)
2,440Inventories
(437)
904Other assets
(413)
821Accounts payable
(1,274)
(1,449)Accrued expenses
(536)
(957)Due to affiliated agencies
(564)
(277)Net cash used in operating activities
(8,284)
(3,247)Investing activitiesBusiness acquisitions, net of cash acquired
(106)
(196)Proceeds from business disposal
1,046
9,320Increase in restricted cash
-
(500)Purchases of property and equipment
(411)
(96)Net cash provided by investing activities
529
8,528Financing activitiesLines of credit, net activity
4,798
(4,610)Proceeds from note payable, net of fees
-
2,141Payments
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| SOURCE Arcadia Resources, Inc. Copyright©2010 PR Newswire. All rights reserved |