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CEL-SCI Corporation Announces 2008 Financial Results
Date:1/14/2009

2008 2007 GRANT REVENUE AND OTHER $5,065 $57,043 OPERATING EXPENSES: Research and development (excluding R&D depreciation of $124,705 and $91,292 respectively, included below) 4,101,563 2,528,528 Depreciation and amortization 215,060 176,186 General & administrative 5,200,735 6,704,538 Total operating expenses 9,517,358 9,409,252 NET OPERATING LOSS (9,512,293) (9,352,209) GAIN ON DERIVATIVE INSTRUMENTS 1,799,393 868,182 COSTS ASSOCIATED WITH CONVERTIBLE DEBT - - INTEREST INCOME 483,252 562,973 INTEREST EXPENSE (473,767) (1,708,603) NET LOSS $(7,703,415) $(9,629,657) DIVIDENDS (424,815) - NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $(8,128,230) $(9,629,657) NET LOSS PER COMMON SHARE BASIC $(0.07) $(0.10) DILUTED $(0.07) $(0.10) WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC 117,060,866 97,310,488 DILUTED 117,060,866 97,310,488


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