Hypertension Diagnostics, Inc.
Summary Financial Data
(Unaudited)
Statements of Operations
Three Months Ended Six Months Ended
December 31 December 31
------------------------ ------------------------
2010 2009 2010 2009
----------- ----------- ----------- -----------
Revenue:
Equipment sales $ 395,900 $ 405,590 $ 606,900 $ 659,825
Equipment rental 10,719 20,082 23,571 45,243
Service/contract
income 51,367 32,653 84,723 55,332
----------- ----------- ----------- -----------
457,986 458,325 715,194 760,400
Cost of Sales:
Cost of Sales 83,621 80,822 121,475 131,444
Inventory
Obsolescence
Allowance 9,551 (37,628) 9,551 (55,466)
----------- ----------- ----------- -----------
Net Cost of Sales 93,172 43,194 131,026 75,978
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Gross Profit 364,814 415,131 584,168 684,422
Selling, general and
administrative
expenses 550,576 650,666 510,012 1,701,507
----------- ----------- ----------- -----------
Operating Income (Loss) (185,762) (235,535) 74,156 (1,017,085)
Other Income:
Interest income 3,866 2,406 5,861 3,889
Miscellaneous income 499 0 2,807 0
----------- ----------- ----------- -----------
Total Other Income 4,365 2,406 8,668 3,889
----------- ----------- ----------- -----------
Net Income (Loss)
before taxes ($ 181,397)($ 233,129) $ 82,824 ($ 1,013,196)
=========== =========== =========== ===========
Deferred compensation
expense 116,250 359,625 (261,750) 1,123,500
Non-GAAP Pro-forma net
income (loss)
(excluding deferred
compensation expense) ($ 65,147) $ 126,496 ($ 178,926) $ 110,304
Net Income (Loss) per
Common Share:
Basic $ (0.00) $ (0.01) $ 0.00 $ (0.02)
Diluted $ (0.00) $ (0.01) $ 0.00 $ (0.02)
Weighted Average Common
Shares Outstanding:
Basic 42,234,715 41,217,897 42,115,120 41,095,804
Diluted 42,234,715 41,217,897 49,627,168 41,095,804
Balance Sheet Data
December 31, June 30,
2010 2010
----------- -----------
Cash and cash equivalents $ 924,060 $ 1,053,648
Total current assets 1,377,209 1,538,712
Total assets 1,385,542 1,546,580
Total current liabilities 251,645 306,599
Accumulated Deficit (28,341,542) (28,424,366)
Total shareholders' equity (deficit) 27,626 (146,818)
CVProfilor is a registered trademark of Hypertension Diagnostics, Inc.
Hypertension Diagnostics, HDI/PulseWave, PulseWave and CVProfile are
trademarks of
Hypertension Diagnostics, Inc. All rights reserved.
Website: www.hdii.com
Contact Information: Contact: Mark N. Schwartz CEO (651) 687-9999