Balance sheet for Q Med, Inc (QMED)

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Balance Sheet for Q Med, Inc
Nov 30, 2007 Nov 30, 2006 Nov 30, 2005
Assets
Cash And Cash Equivalents 1,196,000 3,040,000 4,051,000
Short Term Investments - 10,868,000 19,349,000
Net Receivables 536,000 2,005,000 3,377,000
Inventory - 37,000 31,000
Other Current Assets 6,544,000 301,000 412,000
Total Current Assets 8,276,000 16,251,000 27,220,000
Long Term Investments - 24,000 310,000
Property Plant and Equipment 717,000 989,000 1,058,000
Goodwill - - -
Intangible Assets 2,191,000 2,692,000 1,957,000
Accumulated Amortization - - -
Other Assets 137,000 855,000 129,000
Deferred Long Term Asset Charges - - -
Total Assets 11,322,000 20,811,000 30,673,000
Liabilities
Accounts Payable 1,867,000 5,101,000 3,107,000
Short/Current Long Term Debt 41,000 - 146,000
Other Current Liabilities 4,163,000 64,000 51,000
Total Current Liabilities 6,070,000 5,165,000 3,304,000
Long Term Debt 49,000 - 76,000
Other Liabilities 309,000 631,000 272,000
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 6,429,000 5,796,000 3,652,000
Stockholders' Equity
Misc Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 17,000 17,000 17,000
Retained Earnings -49,607,000 -38,359,000 -24,140,000
Treasury Stock -76,000 -76,000 -76,000
Capital Surplus 54,558,000 53,433,000 51,220,000
Other Stockholder Equity - - -
Total Stockholder Equity 4,893,000 15,015,000 27,021,000
Net Tangible Assets 2,702,000 12,323,000 25,064,000
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