INVIVO CORPORATION AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands, Except Per Share Amounts) Exhibit 99.1

	(Unaudited) December 31, 2003		June 30, 2003
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	1,095	$	1,275
Short-term Investments		8,573		8,258
Trade accounts receivable, net		17,095		16,047
Costs and estimated earnings in excess of
billings on uncompleted contracts		-
Inventories		12,401		12,017
Deferred income taxes		2,053		1,913
Prepaid expenses and other		864		534
TOTAL CURRENT ASSETS		42,081		40,044
Property, plant and equipment, net		6,802		6,859
INTANGIBLE AND OTHER ASSETS
Goodwill		12,222		12,222
Other intangibles, net		-		-
Other assets		279		208
TOTAL ASSETS	$	61,384	$	59,333
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Current portion of long-term debt	$	113	$	113
Accounts payable		4,770		3,747
Accrued expenses and other current liabilities		6,813		7,208
Accrued Income Taxes		736		1,709
Other Current Liabilities		-		394
TOTAL CURRENT LIABILITIES		12,432		13,171
LONG-TERM DEBT, less current portion		1,294		1,351
DEFERRED INCOME TAXES		714		714
Total Shareholders’ equity		46,944		44,097
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	61,384	$	59,333

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