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Cardiogenesis Reports First Quarter 2011 Results
Date:5/4/2011

n" style="font-family:Arial;font-size:8pt;">$
(433)

$
(18)
Net loss per share:Basic and diluted

$
(0.01)

$
(0.00)
Weighted average shares outstanding:Basic and diluted

45,891

45,551CARDIOGENESIS CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)March 31,December 31,20112010(unaudited)(audited)ASSETSCurrent assets:Cash and cash equivalents

$
,147

$  1,810Accounts receivable, net of allowance for doubtful accounts of $1 and $11, respectively

1,520

1,375Inventories

616

627Prepaids and other current assets

287

412Total current assets

3,570

4,224Property and equipment, net

236

275Other assets

—Total assets

$
3,806

$  4,499LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
89

$  359Accrued salaries and related

739

723Accrued liabilities

602

531Deferred revenue

540

684Note payable

47

111Current portion of capital lease obligations

7

8Total current liabilities

2,124

2,416Capital lease obligations, less current portion

5

5Total liabilities

2,129

2,421Commitments and contingenciesShareholders' equity:Preferred stock:no par value; 5,000 shares authorized; none issued and outstanding

—Common stock:no par value; 75,000 shares authorized; 46,061 and 45,739 shares issued and outstanding, respectively

174,505

174,459Accu
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SOURCE Cardiogenesis Corporation
Copyright©2010 PR Newswire.
All rights reserved

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