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PRO-DEX, INC. Announces Fiscal First Quarter 2010 Profit, Update on Business Development Activities, and Renewal of Banking Agreement
Date:10/29/2009

400,000 400,000 Current portion of real estate loan 33,000 33,000 ------ ------ Total current liabilities 3,243,000 2,707,000 Long-term liabilities: Notes Payable - T.I. Loan 1,267,000 1,367,000 Real estate loan 1,519,000 1,528,000 Deferred income taxes 173,000 171,000 Deferred rent 224,000 212,000 ------- ------- Total long-term liabilities 3,183,000 3,278,000 Total liabilities 6,426,000 5,985,000 --------- --------- Commitments and contingencies Shareholders' equity: Common shares; no par value; 50,000,000 shares authorized; 9,668,671 shares issued and outstanding Sept 30, 2009 9,668,671 shares issued and outstanding June 30, 2009 16,609,000 16,574,000 Accumulated deficit (5,909,000) (6,092,000) ---------- ---------- Total shareholders' equity 10,700,000 10,482,000 Total liabilities and shareholders' equity $17,126,000 $16,467,000 =========== =========== See notes to condensed consolidated financial statements. PRO-DEX, INC. and SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended September 30 (unaudited)
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