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Recession Leads to Sales Decline and Loss for Allied Healthcare Products in Fiscal 2010
Date:8/30/2010

,508111,290(10,215)Income (loss) before provision for
(benefit from) income taxes

212,677(16,125,657)(893,514)(17,211,592)Provision for (benefit from) income taxes

126,412(41,854)(293,941)(449,779)Net income (loss)

$86,265($16,083,803)($599,573)($16,761,813)Net income (loss) per share - Basic

$0.01($2.04)($0.07)($2.12)Net income (loss) per share - Diluted

$0.01($2.04)($0.07)($2.12)Weighted average common shares Outstanding - Basic

8,093,3867,901,3278,066,7407,898,782Weighted average common sharesOutstanding - Diluted

8,112,3737,901,3278,066,7407,898,782ALLIED HEALTHCARE PRODUCTS, INC.CONSOLIDATED BALANCE SHEET(UNAUDITED)June 30, 2010June 30, 2009ASSETSCurrent assets:Cash and cash equivalents

$
5,263,324$
,943,364Accounts receivable, net of allowances
 of $300,000

5,418,2536,172,437Inventories, net

11,155,45612,663,938Income tax receivable

877,665937,273Other current assets

221,840327,203Total current assets

22,936,53822,044,215Property, plant and equipment, net

9,661,39510,799,089Other assets, net

333,084390,627Total assets

$
32,931,017$
33,233,931LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
,950,446$
,633,568Other accrued liabilities

2,241,2592,316,558Deferred income taxes

429,699419,213Deferred revenue

688,200688,200Total current liabilities

5,309,6045,057,539Deferred revenue

802,9001,491,100Commitments and contingenciesStockholders' equity:Preferred stock; $0.01 par value; 1,500,000 shares
 authorized; no shares issued and outstanding

--Series A preferred stock; $0.01 par value; 200,000 shares
 authorized; no shares issued and outstanding

--Common stock; $0.01 par value; 30,000,000 shares
 authorized; 10,396,878 and 10,204,819  shares issued
 at June 30, 2010 and June 30, 2009, respectively;
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SOURCE Allied Healthcare Products, Inc.
Copyright©2010 PR Newswire.
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