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Birner Dental Management Services, Inc. Announces Earnings for 1Q 2011

Monday, May 16, 2011 General News J E 4
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Quarters

Ended March 31,

2010

2011

RECONCILIATION OF EBITDA:

Net income

$534,356

$386,124

Add back:

Discontinued operations

(before income tax expense)

164,707

-

Depreciation and amortization - Offices

565,265

618,194

Depreciation and amortization - Corporate

21,624

19,583

Stock-based compensation expense

234,678

124,433

Interest expense, net

52,836

24,705

Income tax expense

403,111

246,867

Adjusted EBITDA

$1,976,577

$1,419,906

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