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Stereotaxis Reports 2010 Financial Results, Provides 2011 Financial Outlook
Date:2/28/2011

i>STEREOTAXIS, INC.BALANCE SHEETS(Unaudited)December 31,
2010December 31,
2009(Unaudited)AssetsCurrent assets:Cash and cash equivalents

$
35,248,819$
30,546,550Accounts receivable, net of allowance of $367,536 and $322,463 in 2010 and 2009, respectively

13,915,56911,152,648Current portion of long-term receivables

30,80066,800Inventories

5,441,4754,403,675Prepaid expenses and other current assets

4,557,7183,872,535Total current assets

59,194,38150,042,208Property and equipment, net

3,840,6224,790,310Intangible assets

2,578,9861,144,445Long-term receivables

109,266138,441Other assets

38,5375,112Total assets

$
5,761,792$
56,120,516Liabilities and stockholders' equityCurrent liabilities:   Current maturities of long-term debt

$
20,894,091$
3,333,333   Accounts payable

8,796,1823,881,205   Accrued liabilities

6,966,5718,615,287   Deferred contract revenue

6,600,3137,191,492   Warrants

3,541,7984,142,614Total current liabilities

46,798,95537,163,931Long-term debt, less current maturities

8,000,00010,346,655Long-term deferred contract revenue

478,850948,574Other liabilities

8,74120,013Stockholders' equity:Preferred stock, par value $0.001; 10,000,000 shares authorized at 2010 and 2009; none outstanding at 2010

and 2009

--Common stock, par value $0.001; 100,000,000 shares authorized at 2010 and 2009; 54,746,240 and 50,208,171

issued at 2010 and 2009, respectively

54,74650,208   Additional paid-in capital

354,002,770331,249,918   Treasury stock, 40,151 shares at 2010 and 2009

(205,999)(205,999)   Accumulated deficit

(343,376,271)(323,452,784)Total stockholders' equity

10,475,2467,641,343Total liabilities and stockholders' equity

$
5,761,792$
56,120,516STEREOTAXIS, INC.STATEMENTS OF OPERATI
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SOURCE Stereotaxis, Inc.
Copyright©2010 PR Newswire.
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