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DATATRAK International, Inc. Announces Fourth Quarter and Full Year Results for 2010

tement whether as a result of new information, future events or otherwise.DATATRAK International, Inc. and SubsidiariesCondensed Consolidated Balance Sheet Data(Unaudited)December 31, 2010

December 31, 2009Cash and investments


$947,984Accounts receivable, net


660,094Property & equipment, net


428,734Deferred tax assets




206,071   Total assets


$2,352,683Accounts payable and other current liabilities


$1,687,069Deferred revenue


2,052,678Deferred tax liabilities


109,800Other long-term liabilities


12,790Shareholders'  (deficit)


(1,509,654)   Total liabilities and shareholders' (deficit)


$2,352,683DATATRAK International, Inc. and SubsidiariesCondensed Consolidated Statements of Operations(Unaudited) For the Three Months Ended December 31,2010



$1,464,441Direct costs


391,098   Gross profit


1,073,343Selling, general and administrative expenses


1,614,300Severance expense


46,209Depreciation and amortization


67,366   Income (loss) from operations


(654,532)Interest income


238Interest expense


(2,980)   Income (loss) before income taxes


(657,274)Income tax expense


---   Net income (loss)


SOURCE DATATRAK International, Inc.
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