Streamline Health® Solutions Reports ... (5252 $ 887928 Accrued compen...)

Streamline Health® Solutions Reports Q4 Results

Date:4/12/2011

5,252

887,928 Accrued compensation1,163,843559,235 Accrued other expenses480,422476,504 Current portion of capital lease obligations183,637249,309 Current portion of deferred revenues5,766,7954,956,303Total current liabilities8,159,9497,129,279Deferred revenues, less current portion-602,239Line of credit1,200,000900,000Lease incentive liability, less current portion61,034-Capital lease obligation, less current portion-161,666Total liabilities9,420,9838,793,184Stockholders' equity: Convertible redeemable preferred stock, $.01 par value per share, 5,000,000 shares authorized, no shares issued-- Common stock, $.01 par value per share, 25,000,000 shares authorized, 9,856,517 and 9,436,824 shares issued and outstanding, respectively98,56594,368 Additional paid in capital36,975,24236,160,126 Accumulated other comprehensive income-5,620 Accumulated (deficit)(30,479,368)(27,528,751)Total stockholders' equity6,594,4398,731,363$

16,015,422

17,524,547STREAMLINE HEALTH SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFiscal Year Ended January 31,20112010Operating activities: Net earnings (loss)

(2,950,617)

1,288,108 Adjustments to reconcile net earnings (loss) to net cashprovided by operating activities: Depreciation and amortization3,270,9022,868,997Impairment loss on capitalized software development costs754,709-Deferred tax provision997,000-Loss on disposal of fixed assets1,0504,308Share-based compensation expense678,172274,629 Change in assets and liabilities:Accounts, contract and installment receivables(291,914)(1,098,299)Other assets440,37954,664Accounts payable(322,676)174,020Accrued expenses608,526264,627Deferred revenues208,253(1,697,272) Net cash provided by operating activities3,393,7842,133,782Investing activities: Purchases of property and equipment(530,434)(698,698) Capitalizati
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SOURCE Streamline Health Solutions, Inc.
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