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Cardium Reports on Third Quarter 2009 Financial Results and Recent Developments
Date:11/10/2009

----- ------------ Cash and cash equivalents $4,418,910 $1,102,894 $4,418,910 $1,102,894 Accounts receivable, 278,157 42,279 278,157 42,279 Prepaid expenses and other current assets 80,260 509,168 80,260 509,168 Property and equipment, net 379,646 746,169 379,646 746,169 Other long-term assets 1,704,938 532,438 1,704,938 532,438 Assets of business held for sale - 7,363,973 - 7,363,973 --- --------- --- --------- Total assets $6,861,911 $10,296,921 $6,861,911 $10,296,921 ========== =========== ========== =========== Accounts payable and accrued liabilities $4,300,035 $4,691,600 $4,300,035 $4,691,600 Short-term debt 3,635,661 4,036,776 3,984,467 (3) 6,000,000 Current liabilities of business held for sale - 2,127,986 - (2) 2,127,986 Derivative liabilities 16,343,503 - - (4) - Long-term liabilities 192,672 195,315 192,672 195,315 ------- ------- ------- ------- Total liabilities 24,471,871 11,051,677 8,477,174 13,014,901 ---------- ---------- --------- ---------- Stockholder's deficiency (17,609,960) (754,756) (15,339,085) (2,717,980) ----------- -------- ----------- ---------- Total liabilities and stockholder's deficiency $6,861,911 $10,296,921 $6,861,911 $10,296,921 ====
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