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Misonix Reports Nine Months Fiscal 2013 Financial Results
Date:5/9/2013

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 MISONIX, INC. And Subsidiaries Consolidated Balance SheetsMarch 31, 2013June 30, 2012(Unaudited)(derived from auditedfinancial statements)AssetsCurrent Assets:  Cash and cash equivalents$6,091,564$6,273,015  Accounts receivable, less allowancefor doubtful accounts of $199,641 and$155,739, respectively2,788,2813,158,084  Inventories, net4,448,4004,380,841  Prepaid expenses and other current assets328,219306,691  Note receivable-198,117Total current assets13,656,46414,316,748Property, plant and equipment, net1,172,781891,822Goodwill1,701,0941,701,094Intangible and other assets1,193,2051,403,173Total assets$17,723,544$18,312,837Liabilities and stockholders' equityCurrent liabilities:  Accounts payable$1,367,586$1,507,695  Accrued expenses and other current liabilities1,203,2821,074,932Total current liabilities2,570,8682,582,627Deferred income83,987117,147Deferred lease liability23,60722,996Total liabilities2,678,4622,722,770Commitments and contingenciesStockholders' equity:  Capital stock, $0.01 par value - shares authorized
20,000,000, 7,169,046 and 7,082,920 shares issued
and 7,091,486 and 7,005,360 shares outstanding,
respectively71,69070,829  Additional paid-in capital26,724,37026,132,951  Accumulated deficit(11,339,985)(10,202,720)  Treasury stock, at cost, 77,560 shares(410,993)(410,993)Total stockholders' equity15,045,08215,590,067Total liabilities and stockholders' equity$17,723,544$18,312,837 

 

 MISONIX, INC. And SubsidiariesConsolidated Statements of OperationsUnauditedThree Months EndedNine Months EndedMarch 31,March 31,2013

20122013

2012Net sales

$3,023,487

$3,609,746$11,068,243

$10,377,480Cost of goods sold

1,482,329

1,491,2254,953,193

4,226,193Gross profit

1,541,158

2,118,5216,115,050
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SOURCE Misonix, Inc.
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