Statement under the Private Securities Litigation Reform Act of 1995This press release may include "forward-looking statements" that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the Company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. For a discussion of these factors and risks, see the Company's annual report on Form 10-K for the most recently ended fiscal year.Contact:PHC, Inc.Bruce A. Shear, 978-536-2777President & CEOorHayden IRBrett Maas, 646-536-7331Managing PartnerE-mail: email@example.com- tables follow -PHC, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)September 30,June 30,20102010ASSETSCurrent assets: Cash and cash equivalents
4,540,278Accounts receivable, net of allowance for doubtful accounts of$3,691,295 at September 30, 2010 and $3,002,323 at June 30, 20108,573,3808,333,766 Prepaid expenses589,836490,662 Prepaid income taxes95,808-- Other receivables and advances1,585,947743,454 Deferred income tax asset – current1,145,7421,145,742Total current assets15,057,14915,253,902Restricted cash512,197512,197Accounts receivable, non-current33,47217,548Other receivables61,12258,169Property and equipment, net4,673,0084,527,376Deferred income tax asset – non-current1,495,1441,495,144Deferred financing costs, net of amortization of $619,604 and $582,972 at Septembe
|SOURCE PHC, Inc., d/b/a Pioneer Behavioral Health|
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