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Bioheart, Inc. Announces Financial Results for Second Quarter 2008
Date:7/30/2008

Report on Form 10-K for the year ended December 31, 2007, as amended by Amendment No. 1 on Form 10-K/A and its quarterly report on Form 10-Q for the quarter ended March 31, 2008.

Financial Tables on Following Pages

Bioheart, Inc. and Subsidiaries

Consolidated Balance Sheets

June 30, December 31,

2008 2007

(Unaudited) (Derived from

audited

financial

statements)

ASSETS

Current assets

Cash and cash equivalents $1,879,995 $5,492,157

Receivables 53,870 52,642

Inventory 375,832 372,054

Prepaid expenses and other current assets 2,328,441 261,030

Total current assets 4,638,138 6,177,883

Property and equipment, net 370,517 444,506

Deferred offering costs - 3,484,070

Deferred loan costs, net 662,928 1,146,716

Other assets 68,854 71,148

Total assets $5,740,437 $11,324,323

LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities

Accounts payable $1,878,359 $2,134,256

Accrued expenses 4,436,731 4,511,775

Deferred revenue
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SOURCE Bioheart, Inc.
Copyright©2008 PR Newswire.
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