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Stereotaxis Reports First Quarter 2011 Financial Results
Date:5/2/2011

ents are subject to contingencies that are outside of the Company's control. In addition, these orders and commitments may be revised, modified, delayed or canceled, either by their express terms, as a result of negotiations, or by overall project changes or delays.STEREOTAXIS, INC.BALANCE SHEETS(Unaudited)March 31,2011December 31,2010(Unaudited)AssetsCurrent assets:Cash and cash equivalents

$
30,394,919$
35,248,819Accounts receivable, net of allowance of $377,147 and $367,536 in 2011 and 2010, respectively

13,216,66613,915,569Current portion of long-term receivables

30,80030,800Inventories

6,042,3375,441,475Prepaid expenses and other current assets

4,390,1714,557,718Total current assets

54,074,89359,194,381Property and equipment, net

3,814,9953,840,622Intangible assets

2,504,0282,578,986Long-term receivables

111,270109,266Other assets

43,78938,537Total assets

$
,548,975$
5,761,792Liabilities and stockholders' equityCurrent liabilities:   Current maturities of long-term debt

$
26,499,626$
20,894,091   Accounts payable

7,365,0968,796,182   Accrued liabilities

7,659,1866,966,571   Deferred contract revenue

6,253,8756,600,313   Warrants

3,521,4523,541,798Total current liabilities

51,299,23546,798,955Long-term debt, less current maturities

7,000,0008,000,000Long-term deferred contract revenue

408,881478,850Other liabilities

5,9728,741Stockholders' equity:Preferred stock, par value $0.001; 10,000,000 shares authorized   at 2011 and 2010; none outstanding at 2011 and 2010

--Common stock, par value $0.001; 100,000,000 shares authorized at   2011 and 2010; 55,326,172 and 54,746,240 issued at 2011   and 2010, respectively

55,32654,746Additional paid-in capital

354,911,764354,002,770Treasury stock, 40,151 shares at 2010 and 2009

(205,999)(205,999)Acc
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SOURCE Stereotaxis, Inc.
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