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Escalon(R) Reports First Quarter Fiscal 2010 Results
Date:11/20/2009

---- ASSETS Current assets: Cash and cash equivalents $1,830,869 $1,810,045 Accounts receivable, net 4,670,691 4,853,856 Inventory, net 9,218,105 9,830,922 Other current assets 1,360,057 1,065,823 --------- --------- Total current assets 17,079,722 17,560,646 ---------- ---------- Furniture and equipment, net 834,103 892,966 Goodwill 2,065,236 2,065,236 Trademarks and trade names 694,006 694,006 Patents, net 1,774,914 1,824,172 Covenant not to compete and customer list, net 1,846,110 1,880,639 Other assets 55,528 137,737 ------ ------- Total assets $24,349,619 $25,055,402 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long- term debt $1,367,121 $1,374,711 Accounts payable 3,257,092 2,553,481 Accrued expenses 2,187,986 2,919,540 --------- --------- Total current liabilities 6,812,199 6,847,732 --------- --------- Long-term debt, net of current portion 4,924,800 4,741,207 Accrued post-retirement benefits 1,027,821 1,027,821 --------- --------- Total long-term
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SOURCE Escalon Medical Corp.
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