(Financial Table Follows) | ||||
GRAYMARK HEALTHCARE, INC. Reconciliation of EBITDA to Net Income For the Quarters Ended March 31, 2010 and 2009 (unaudited) | ||||
2010 | 2009* | |||
Net Revenues | $27,605,474 | $25,471,393 | ||
Cost of Sales | (18,477,330) | (17,628,960) | ||
Selling, general and administrative expenses | (9,343,943) | (6,803,354) | ||
Non-controlling Interests | 40,799 | 13,750 | ||
EBITDA | ($ 175,000) | $ 1,052,829 | ||
Reconciliation of EBITDA to net income | ||||
EBITDA | ($ 175,000) | $ 1,052,829 | ||
Depreciation and amortization | (607,432) | (514,439) | ||
Interest and other expense, net | (594,531) | (520,874) | ||
Provision for income taxes | (47,986) | - | ||
Income from discontinued operations | - | 2,197 | ||
Net income | ($1,424,949) | $ 19,713 | ||
*Certain 2009 amounts have been reclassified to conform to the current year presentation. | ||||