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Allied Healthcare Products Offsets Sales Declines With Cost Reductions for Break-Even Quarter

Saturday, May 8, 2010 Corporate News J E 4
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ALLIED HEALTHCARE PRODUCTS, INC.

CONSOLIDATED BALANCE SHEET

(UNAUDITED)

March 31, 2010

June 30, 2009

ASSETS

Current assets:

Cash and cash equivalents

$           3,273,496

$         1,943,364

Accounts receivable, net of allowances

 of $300,000

5,371,848

6,172,437

Inventories, net

11,968,396

12,663,938

Income tax receivable

1,634,370

937,273

Other current assets

270,340

327,203

   Total current assets

22,518,450

22,044,215

Property, plant and equipment, net

10,040,867

10,799,089

Other assets, net

186,069

390,627

   Total assets

$         32,745,386

$       33,233,931

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$           2,140,610

$         1,633,568

Other accrued liabilities

2,055,459

2,316,558

Deferred income taxes

164,125

419,213

Deferred revenue

688,200

688,200

   Total current liabilities

5,048,394

5,057,539

Deferred revenue

974,950

1,491,100

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; 10,396,878 and 10,204,819  shares issued

 at March 31, 2010 and June 30, 2009, respectively;

 8,093,386 and 7,901,327 shares outstanding at

 March 31, 2010 and June 30, 2009, respectively

103,969

102,048

Additional paid-in capital

48,352,716

47,632,049

Retained earnings

(1,003,215)

(317,377)

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

  March 31, 2010 and June 30, 2009, respectively

(20,731,428)

(20,731,428)

   Total stockholders' equity

26,722,042

26,685,292

   Total liabilities and stockholders' equity

$         32,745,386

$       33,233,931

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