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Dyadic International Reports 2010 Fiscal Year Financial Results
Date:3/10/2011

ion of Accrued Stockholder Litigation410,000-Other(155,712)-Total Other Income (Expense)67,542(3,328,081)Net Income (Loss)

$

(5,527,932)

$

5,241,014Net Income (Loss) per Common Share:Basic

$

(0.18)

$

0.17Diluted

$

(0.18)

$

0.16Weighted Average Common Shares Used in  Calculating Net Income (Loss) per Share:Basic31,011,13730,121,396Diluted31,011,13733,231,170DYADIC INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31,20102009ASSETSCurrent Assets:Cash and Cash Equivalents

$

4,535,279

$

8,419,934Restricted Cash247,082316,129Accounts Receivable, Net1,276,5741,376,034Inventory, Net2,782,4332,820,381Prepaid Expenses and Other Current Assets336,638420,654Total Current Assets9,178,00613,353,132Fixed Assets, Net719,161839,639Intangible Assets, Net310,978148,167Other Assets16,93016,930$

10,225,075

$

14,357,868LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts Payable

$

1,801,123

$

1,949,038Accrued Expenses417,996713,163Accrued Stockholder Litigation-3,250,000Accrued Interest Payable146,23059,838Note Payable to Stockholder1,424,9411,424,941Income Taxes Payable168767Total Current Liabilities3,790,4587,397,747Convertible Subordinated Debt4,000,000-7,790,4587,397,747COMMITMENTS AND CONTINGENCIES   Stockholders' Equity:Preferred Stock, $.0001 Par Value:Authorized Shares – 5,000,000; None Issued and

Outstanding--Common Stock, $.001 Par Value,Authorized Shares – 100,000,000;

Issued and Outstanding – 31,138,120 and 30,613,995,

Respectively31,13830,614Additional Paid-In Capital77,101,69076,075,899Stock to be Issued-23,887Accumulated Deficit(74,698,211)(69,170,279)Total Stockholders' Equity2,434,6176,960,121$

10,225,075

$

14,357,868DYADIC INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDA
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SOURCE Dyadic International, Inc.
Copyright©2010 PR Newswire.
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