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BioLife Solutions Announces Record Revenue of $2.2 Million in First Quarter of 2013
Date:5/14/2013

ties and Exchange Commission from time to time, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law. Media Relations:Investor Relations:Len Hall

Matt ClawsonAllen & Caron Inc

Allen & Caron Inc(949) 474-4300

(949) 474-4300len@allencaron.com

matt@allencaron.com BioLife Solutions, Inc.Statement of OperationsThree MonthsEnded March 31,20132012RevenueProduct sales

$

1,550,845$

830,880Licensing revenue609,1675,000Total revenue2,160,012835,880Cost of product sales1,034,528346,129Gross profit1,125,484489,751Operating expensesResearch and development105,968116,521Sales and marketing202,75873,381General and administrative624,427479,113Total operating expenses933,153669,015Operating income (loss)192,331(179,264)Other income (expenses)Other income ––88,272Interest expense(185,555)(178,777)Loss on disposal of equipment––(63)Amortization of deferred financing costs(13,952)(27,045)Total other income (expenses)(199,507)(117,613)Net Loss

$

(7,176)$

(296,877)Basic and diluted net loss per common share

$

(0.00)$

(0.00)Basic and diluted weighted average common shares used to calculate net loss per common share69,873,59869,679,854  Selected Balance Sheet DataMarch 31,December 31,20132012Cash and cash equivalents$

61,523$

196,478Accounts receivable976,157600,153Inventories676,438656,397Total current assets1,915,9191,627,759Total current liabilities1,473,4791,365,338Promissory notes payable, related parties10,603,12710,603,127Accrued interest, related parties2,944,9462,759,391Total liabilit
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SOURCE BioLife Solutions, Inc.
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