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Misonix Reports Fourth Quarter and Year-End Fiscal 2011 Financial Results
Date:9/20/2011

and/or contemplated 510(k) filings, the ability to achieve and maintain profitability in the Company's business lines, and other factors discussed in the Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.  The Company disclaims any obligation to update its forward-looking relationships.MISONIX, INC. And SubsidiariesConsolidated Balance SheetsJune 30, 2011June 30, 2010AssetsCurrent Assets:  Cash and cash equivalents$6,881,093$9,900,605  Accounts receivable, less allowancefor doubtful accounts of $115,739 and$123,346, respectively2,294,2542,335,653  Inventories, net3,779,0202,699,717  Prepaid expenses and other current assets374,472515,427  Note receivable210,0001,075,105Total current assets13,538,83916,526,507Property, plant and equipment, net991,195500,215Goodwill1,701,0941,701,094Other assets2,127,1941,730,339Total assets$18,358,322$20,458,155Liabilities and stockholders' equityCurrent liabilities:  Notes payable$   -$177,679  Accounts payable1,336,558888,654  Accrued expenses and other current liabilities1,969,0781,000,523Total current liabilities3,305,6362,066,856Capital lease obligations$   -14,274Deferred income161,360250,739Deferred lease liability14,043-Total liabilities3,481,0392,331,869Commitments and contingenciesStockholders' equity:  Capital stock, $0.01 par value - shares authorized
  20,000,000; 7,079,170  issued and 7,001,370 outstanding, respectively70,79270,792  Additional paid-in capital25,787,96025,502,717  Accumulated deficit(10,569,045)(7,034,799)  Treasury stock, 77,800 shares(412,424)(412,424)Stockholders' equity14,877,28318,126,286Total liabilities and stockholders' equity$18,358,322$20,458,155MISONIX, INC. And SubsidiariesConsolidated Statements of OperationsUnauditedThree Months EndedTwelve Months EndedJune 30,June 30,2011

20102011

2010Net sales

$4,165,230

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SOURCE Misonix, Inc.
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