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 | |||