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Arcadia Resources Announces Improved Fiscal 2011 Second Quarter Results

3929 / (415) 517-7013bbunting@insitecony.comFINANCIAL TABLES FOLLOWARCADIA RESOURCES, INC.



(unaudited)Current assets:Cash and cash equivalents


5,444Accounts receivable, net of allowance of $2,309 and $2,623, respectively


12,290Inventories, net


917Prepaid expenses and other current assets


1,551Current assets of discontinued operations


174Total current assets


20,376Property and equipment, net




2,500Acquired intangible assets, net


7,670Other assets


412Restricted cash


500Total assets


33,196LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent liabilities:Accounts payable


2,859Accrued expenses:Compensation and related taxes




82Health insurance




1,507Fair value of warrant liability


1,499Payable to affiliated agencies


1,076Long-term obligations, current portion


939Capital lease obligations, current portion


69Current liabilities of discontinued operations


308Total current liabilities


11,986Lines of credit


7,774Long-term obligations, less current portion


25,192Capital lease obligations, less current portion


19Total liabilities


44,971Commitments and contingenciesSTOCKHOLDERS’ DEFICITPreferred stock, $.001 par value, 5,000,000 shares authorized, none outstanding


-Common stock, $.001 par value, 300,00

SOURCE Arcadia Resources, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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