8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)  September 25, 2009

INNOTRAC CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Georgia

(State or Other Jurisdiction of Incorporation)

000-23741	58-1592285
(Commission File Number)	(IRS Employer Identification No.)

6655 Sugarloaf Parkway
Duluth, Georgia	30097
(Address of Principal Executive Offices)	(Zip Code)

(678) 584-4000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 OTHER EVENTS

This Current Report on Form 8-K is being filed in order to correct a typographical error in the Quarterly Report on Form 10-Q of Innotrac Corporation ("Innotrac") for the quarterly period ended June 30, 2009.  Included in the June 30, 2009 balance sheet was a single typographical error regarding the amount of accounts receivable net of the allowance for doubtful accounts.  The correct amount of accounts receivable net of doubtful accounts at June 30, 2009 is $16,824, thousands.  The amount presented in the issued Form 10-Q for the quarterly period ended June 30, 2009 was $16,284, thousands.

The balance sheet at June 30, 2009 of Innotrac presenting the corrected amount of accounts receivable net of allowance for doubtful accounts is attached as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)	Exhibits
Exhibit No.	Description
99.1	Corrected June 30, 2009 balance sheet of Innotrac Corporation presenting accounts receivable net of allowance for doubtful accounts at the correct amount of $16,824, thousands.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	INNOTRAC CORPORATION
	By:	/s/ Scott D. Dorfman
		Scott D. Dorfman
Date: September 25, 2009		President, Chairman and Chief Executive Officer

EX-99.1

Exhibit 99.1

INNOTRAC CORPORATION

CONDENSED BALANCE SHEETS

(in thousands, except share data)

ASSETS	June 30, 2009			December 31, 2008
	(unaudited)
Current assets:
Cash and cash equivalents	$	1,690		$	1,056
Accounts receivable (net of allowance for doubtful accounts of $248 at
June 30, 2009 and $271 at December 31, 2008)		16,824			25,793
Inventories, net		1,114			1,855
Prepaid expenses and other		1,356			1,262
Total current assets		20,984			29,966
Property and equipment:
Rental equipment		185			207
Computer software and equipment		42,662			41,388
Furniture, fixtures and leasehold improvements		9,071			9,061
		51,918			50,656
Less accumulated depreciation and amortization		(37,108	)		(34,814	)
		14,810			15,842
Goodwill		25,169			25,169
Other assets, net		981			822
Total assets	$	61,944		$	71,799
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	5,203		$	9,259
Line of credit		-			10,055
Accrued salaries		1,512			2,111
Accrued expenses and other		3,631			3,142
Total current liabilities		10,346			24,567
Noncurrent liabilities:
Equipment lease payable		503			-
Deferred compensation		571			547
Other noncurrent liabilities		227			206
Total noncurrent liabilities		1,301			753
Commitments and contingencies (see Note 5)
Shareholders’ equity:
Preferred stock: 10,000,000 shares authorized, $0.10 par value,
no shares issued or outstanding		-			-
Common stock: 50,000,000 shares authorized, $0.10 par value,
12,600,759 shares issued and 12,334,804 shares outstanding		1,260			1,260
Additional paid-in capital		66,482			66,439
Accumulated deficit		(17,445	)		(21,220	)
Total shareholders’ equity		50,297			46,479
Total liabilities and shareholders’ equity	$	61,944		$	71,799

See notes to condensed financial statements.