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Misonix, Inc. Announces First Quarter Fiscal Year 2014 Financial Results
Date:11/7/2013

paid expenses and other current assets294,079387,371Total current assets11,904,12113,202,926Property, plant and equipment, net1,185,0381,326,586Goodwill1,701,0941,701,094Intangible and other assets1,073,9961,129,321Total assets$15,864,249$17,359,927Liabilities and stockholders' equityCurrent liabilities:  Accounts payable$1,601,445$2,208,999  Accrued expenses and other current liabilities1,024,8441,276,963Total current liabilities2,626,2893,485,962Deferred income61,88172,934Deferred lease liability22,01223,811Total liabilities2,710,1823,582,707Commitments and contingenciesStockholders' equity:  Capital stock, $0.01 par value - shares authorized 20,000,000, 7,267,096 and 7,233,884 shares issued and 7,189,536 and 7,156,324 shares outstanding, respectively72,67172,339  Additional paid-in capital27,250,07626,989,559  Accumulated deficit(13,757,687)(12,873,685)  Treasury stock, at cost, 77,560 shares(410,993)(410,993)Total stockholders' equity13,154,06713,777,220Total liabilities and stockholders' equity$15,864,249$17,359,927MISONIX, INC. And SubsidiariesCondensed Consolidated Statements of OperationsUnauditedThree Months EndedSeptember 302013

2012Net sales

$3,075,584

$4,570,525Cost of goods sold

1,345,330

1,843,899Gross profit

1,730,254

2,726,626Selling expenses

1,828,830

1,458,564General and administrative expenses

1,221,315

1,042,332Research and development expenses

472,888

397,131Total operating expenses

3,523,033

2,898,027Loss from operations

(1,792,779)

(171,401)Total other income

906,552

211,417(Loss) income from continuing operations before  income taxes

(886,227)

40,016Income tax expense

2,750

1,500Net (loss) income from continuing operations

(888,977)

38,516Net income from discontinued operations, net of t
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SOURCE Misonix, Inc.
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