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Allied Healthcare Earns Modest Profit in Tight Market

Saturday, May 7, 2011 General News J E 4
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ALLIED HEALTHCARE PRODUCTS, INC.

CONSOLIDATED BALANCE SHEET

(UNAUDITED)

March 31, 2011

June 30, 2010

ASSETS

Current assets:

Cash and cash equivalents

$             5,802,586

$           5,263,324

Accounts receivable, net of allowances

 of $300,000

5,289,283

5,418,253

Inventories, net

11,215,012

11,155,456

Income tax receivable

776,581

877,665

Other current assets

256,765

221,840

   Total current assets

23,340,227

22,936,538

Property, plant and equipment, net

8,725,413

9,661,395

Other assets, net

323,899

333,084

   Total assets

$           32,389,539

$         32,931,017

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$             1,981,314

$           1,950,446

Other accrued liabilities

1,969,594

2,241,259

Deferred income taxes

423,328

429,699

Deferred revenue

688,200

688,200

   Total current liabilities

5,062,436

5,309,604

Deferred revenue

286,750

802,900

Commitments and contingencies

Stockholders' 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; 10,427,878 and 10,396,878  shares issued

 at March 31, 2011 and June 30, 2010, respectively;

 8,124,386 and 8,093,386 shares outstanding at

 March 31, 2011 and June 30, 2010, respectively

104,279

103,969

Additional paid-in capital

48,494,770

48,362,922

Accumulated deficit

(827,268)

(916,950)

Less treasury stock, at cost; 2,303,492 shares at

  March 31, 2011 and June 30, 2010, respectively

(20,731,428)

(20,731,428)

   Total stockholders' equity

27,040,353

26,818,513

   Total liabilities and stockholders' equity

$           32,389,539

$         32,931,017

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