SERACARE LIFE SCIENCES, INC. | ||||||
BALANCE SHEETS — UNAUDITED | ||||||
As Of | As Of | |||||
March 31, | September 30, | |||||
2011 | 2010 | |||||
ASSETS | ||||||
Current assets | ||||||
Cash and cash equivalents | $ 16,880,652 | $ 16,074,915 | ||||
Accounts receivable, less allowance for doubtful accounts of $40,000 as of | ||||||
both March 31, 2011 and September 30, 2010 | 6,838,605 | 7,288,133 | ||||
Taxes receivable | 5,910 | 118,486 | ||||
Inventory | 9,580,881 | 9,028,809 | ||||
Prepaid expenses and other current assets | 246,701 | 333,191 | ||||
Total current assets | 33,552,749 | 32,843,534 | ||||
Property and equipment, net | 6,140,561 | 5,970,179 | ||||
Goodwill | 4,284,979 | 4,284,979 | ||||
Other assets | 470,422 | 526,810 | ||||
Total assets | $ 44,448,711 | $ 43,625,502 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
Current liabilities | ||||||
Accounts payable | $ 1,891,533 | $ 2,787,855 | ||||
Accrued expenses and other liabilities | 2,378,744 | 4,041,172 | ||||
Current portion of long-term debt | 43,471 | 55,994 | ||||
Total current liabilities | 4,313,748 | 6,885,021 | ||||
Long-term debt | 6,684 | 21,970 | ||||
Other liabilities | 2,136,835 | 2,216,916 | ||||
Total liabilities | 6,457,267 | 9,123,907 | ||||
Commitments and contingencies | ||||||
Stockholders' equity | ||||||
Preferred stock, $.001 par value, 5,000,000 shares authorized; no shares | ||||||
issued or outstanding | - | - | ||||
Common stock, $.001 par value, 35,000,000 shares authorized; 18,905,971 | ||||||
and 18,853,584 shares issued and outstanding as of March 31, 2011 and | ||||||
September 30, 2010, respectively | 18,906 | 18,853 | ||||
Additional paid-in-capital | 104,866,516 | 104,351,093 | ||||
Retained deficit | (66,893,978) | (69,868,351) | ||||
Total stockholders' equity | 37,991,444 | 34,501,595 | ||||
Total liabilities and stockholders' equity | $ 44,448,711 | $ 43,625,502 | ||||
