| HOME >> MEDICINE >> TECHNOLOGY |
20,970,68711,181,437Impairment of intangible assets
1,798,495-Fair value adjustment of earn-out liability
1,567,0505,803LOSS FROM OPERATIONS
(5,355,383)(9,761,016)OTHER INCOME (EXPENSE), netAmortization of debt discount
(1,714,101)(315,152)Interest expense, net
(592,892)(117,818)LOSS BEFORE INCOME TAXES
(7,662,376)(10,193,986)Income taxes
--NET LOSS$
(7,662,376)$
(10,193,986)Net loss per common shareBasic and diluted
$
(0.09)$
(0.14)Shares used in computing net loss per common shareBasic and diluted
81,646,29572,450,337See notes to consolidated financial statements MIMEDX GROUP, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSASSETSDecember 31,20122011Current assets:Cash and cash equivalents
$
,754,485$
4,112,326Accounts receivable, net
7,653,5611,891,919Inventory, net
3,022,784712,602Prepaid expenses and other current assets
657,961164,664Total current assets
18,088,7916,881,511Property and equipment, net of accumulated depreciation of $2,279,840and $1,814,473, respectively
1,071,625869,411Goodwill4,040,4434,040,443Intangible assets, net of accumulated amortization of $4,848,756and $3,468,515, respectively
11,911,74915,090,485Deposits and other long term assets
70,000214,342Total assets
$
35,182,608$
27,096,192LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable
$
,251,684$
,517,449Accrued expenses
3,743,934783,189Other current liabilities
75,1546,620Current portion of line of credit with related party
-1,295,980Current portion of long term convertible debt related to acquisition
-1,128,806Total current liabilities
5,070,7724,732,044Earn-out liability payable in MiMedx common stock
5,792,3307,410,503Converti
'/>"/>
| SOURCE MiMedx Group, Inc. Copyright©2012 PR Newswire. All rights reserved |