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Pacific Biometrics Inc. Reports First Quarter Operating Results
Date:11/16/2009

,044 Amortization of deferred financing costs on secured convertible note - 18,447 Gain from embedded and freestanding derivative liabilities relating to secured convertible note - (332,570) Amortization of fair value assigned to repurchased shares of common stock 5,958 - Net losses (gains) on investments 1,713 - Warrant expense for equipment lease and financing - 2,956 Compensation expense from restricted shares and options 72,774 6,201 Changes in assets and liabilities: Accounts receivable 550,526 642,103 Other receivable 2,500 451,291 Inventory 44,206 (80,816) Prepaid expenses and other assets 47,661 (58,856) Advances from customers 19,308 121,913 Accounts payable (167,736) (388,423) Accrued liabilities (238,760) (127,387) ------- ------- Net cash provided by operating activities 140,609 371,635 ------- ------- Cash flows from investing activities: Purchases of capital equipment (76,977) (14,352) Purchases of investments (506,033) - ------- --- Net cash used in investing activities (583,010) (14,352) Cash flows from financing activities:
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SOURCE Pacific Biometrics, Inc.
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