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PRO-DEX, INC. Announces Fiscal First Quarter 2010 Profit, Update on Business Development Activities, and Renewal of Banking Agreement
Date:10/29/2009

---------- --------- ASSETS Current assets: Cash and cash equivalents $1,378,000 $1,124,000 Accounts receivable, net of allowance for doubtful accounts of $46,000 in 2010 and $52,000 in 2009 2,830,000 2,515,000 Other Current Receivables 49,000 16,000 Inventories 3,532,000 3,365,000 Prepaid expenses 146,000 117,000 Prepaid income taxes 117,000 118,000 ------- ------- Total current assets 8,052,000 7,255,000 --------- --------- Property, plant, equipment and leasehold improvements, net 5,846,000 5,981,000 --------- --------- Other assets: Goodwill 2,997,000 2,997,000 Intangibles - Patents, net 144,000 147,000 Other 87,000 87,000 ------ ------ Total other assets 3,228,000 3,231,000 Total assets $17,126,000 $16,467,000 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 1,402,000 827,000 Accrued expenses 1,354,000 1,394,000 Income taxes payable 54,000 53,000 Current Portion of T.I. Loan
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