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Bioheart, Inc. Announces Financial Results for First Quarter 2008
Date:5/15/2008

r after preclinical and clinical testing of our product candidates; (iv) regulatory approval of our product candidates; (v) our dependence on the success of our lead product candidate; (vi) our inability to predict the extent of our future losses or if or when we will become profitable; (vii) our ability to protect our intellectual property rights; (viii) our inability to predict the extent of our future losses or if or when we will become profitable; and (ix) intense competition. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2007, as amended by Amendment No. 1 on Form 10-K/A.

- Financial Tables on Following Pages -

Bioheart, Inc. and Subsidiaries

Consolidated Balance Sheets

March 31, December 31,

2008 2007

(Unaudited) (Derived from

audited financial

statements)

ASSETS

Current assets

Cash and cash equivalents $4,783,789 $5,492,157

Receivables 24,605 52,642

Inventory 390,074 372,054

Prepaid expenses and other current assets 2,782,159 261,030

Total current assets 7,980,627 6,177,883

Property and equipment, net 416,438 444,506

Deferred offering costs - 3,484,070

Deferred loan costs, net
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SOURCE Bioheart, Inc.
Copyright©2008 PR Newswire.
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