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Dyadic International Reports 2010 Third Quarter Financial Results
Date:11/15/2010

0Diluted30,971,29632,951,46431,063,14730,119,180DYADIC INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30,December 31, 20102009ASSETS(Unaudited)Current Assets:Cash and Cash Equivalents$

5,874,812

$

8,419,934Restricted Cash304,093316,129Accounts Receivable, Net1,142,9391,376,034Inventory, Net2,935,6092,820,381Prepaid Expenses and Other Current Assets291,367420,654Total Current Assets10,548,82013,353,132Fixed Assets, Net775,086839,639Intangible Assets, Net217,930148,167Other Assets16,92916,930$

11,558,765

$

14,357,868LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities:Accounts Payable$

1,751,575

$

1,949,038Accrued Expenses492,856713,163Accrued Stockholder Litigation-3,250,000Accrued Interest Payable66,09159,838Note Payable to Stockholder1,424,9411,424,941Income Taxes Payable168767Total Current Liabilities3,735,6317,397,747Convertible Subordinated Debt4,000,000-Total Liabilities7,735,6317,397,747COMMITMENTS AND CONTINGENCIESStockholders’ 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 –

31,116,870 and 30,613,995, Respectively31,11730,614Additional Paid-In Capital76,878,51076,075,899Stock to Be Issued-23,887Accumulated Deficit(73,086,493)(69,170,279)3,823,1346,960,121$

11,558,765

$

14,357,868DYADIC INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2010 2009 (Unaudited) (Unaudited) Operating ActivitiesNet Income (Loss)

$

(3,916,214)$

10,238,125Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By (Used In) Operating Activities:Depreciation and Amortization of Fixed Assets230,999219,306Amortization of Intangible and Other Assets11,46510,661Reduction of Allowance for Doubtful Acc
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SOURCE Dyadic International, Inc.
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Related biology technology :

1. Dyadic International to Announce Third Quarter 2010 Financial Results and Hold Conference Call on November 15, 2010
2. Dyadic International Raises $3 Million in Private Placement of Convertible Notes
3. Dyadic International to Announce Second Quarter 2010 Financial Results and Hold Conference Call on August 13, 2010
4. Dyadic International Announces Final Resolution and Dismissal of Stockholder Class Action Lawsuit
5. Dyadic International Engages The Abraham Group as Strategic Advisor
6. Dyadic International to Present at Rodman & Renshaw 6th Annual Global Healthcare Conference
7. Dyadic International Strengthens Management Team
8. Dyadic International Extends Collaboration With The Scripps Research Institute
9. International Technidyne Corporation Acquired by Warburg Pincus
10. Edwin Rivera-Martinez, Former Chief of the FDA’s International Compliance Branch, Joins PAREXEL Consulting Strategic Compliance Team
11. Distinguished Scientist H. Mario Geysen Joins SRI International to Lead Combinatorial Sciences and Metabolic Diseases Research Programs
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