EXHIBIT 99.1
INTEGRATED HEALTHCARE HOLDINGS, INC.
CONSOLIDATED BALANCE SHEET
March 31, 2008
(amounts in 000's, except par value)
As filed As restated
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ASSETS
Current assets:
Cash and cash equivalents $ 3,141 $ 3,141
Restricted cash 20 20
Accounts receivable, net of allowance for doubtful
accounts of $14,383 57,990 57,482
Inventories of supplies, at cost 5,853 5,853
Due from governmental payers 4,877 4,877
Prepaid insurance 721 721
Other prepaid expenses and current assets 5,811 5,811
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Total current assets 78,413 77,905
Property and equipment, net 56,917 56,917
Debt issuance costs, net 759 759
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Total assets $ 136,089 $ 135,581
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LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current liabilities:
Revolving line of credit $ 9,879 $ --
Debt, current -- 95,579
Accounts payable 46,749 46,681
Accrued compensation and benefits 14,701 14,701
Due to governmental payers 1,690 1,690
Accrued insurance retentions 12,332 12,332
Other current liabilities 5,781 5,781
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Total current liabilities 91,132 176,764
Debt, non current 85,700 --
Capital lease obligations, net of current portion of $406 6,375 6,375
Minority interest in variable interest entity 1,150 1,150
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Total liabilities 184,357 184,289
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Commitments and contingencies
Stockholders' deficiency:
Common stock, $0.001 par value; 400,000 shares authorized;
137,096 shares issued and outstanding, respectively 137 137
Additional paid in capital 56,148 56,148
Accumulated deficit (104,553) (104,993)
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Total stockholders' deficiency (48,268) (48,708)
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Total liabilities and stockholders' deficiency $ 136,089 $ 135,581
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