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Psychemedics Corporation Announces a 20% Increase in Revenue and a 34% Increase in Profits for 2011 Year End
Date:2/23/2012

370   Deferred revenue

--16,605Total Current Liabilities

2,283,7002,018,808   Deferred tax liabilities, long term

482,52372,157Total Liabilities

2,766,2232,090,965Shareholders' Equity:   Preferred-stock, $0.005 par value, 872,521 shares authorized,

----no shares issued or outstanding   Common stock, $0.005 par value; 50,000,000 shares authorized

29,51829,3875,903,552 shares issued in 2011 and 5,877,358 shares issued in 2010   Paid-in capital

28,095,94627,764,992   Accumulated deficit

(7,009,046)(7,987,468)   Less - Treasury stock, at cost, 668,130 shares in 2011 and 665,345 shares in 2010

(10,081,789)(10,059,398)Total Shareholders' Equity

11,034,6299,747,513Total Liabilities and Shareholders' Equity

$13,800,852$11,838,478
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SOURCE Psychemedics Corporation
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