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Dyadic International Reports First Quarter 2013 Financial Results
Date:5/15/2013

nse on Stock Option Grants 193,776308,974 Changes in Operating Assets and Liabilities:  Accounts Receivable (141,804)127,574 License Fee Receivable 1,000,000- Inventory 658,266(507,903) Prepaid Expenses and Other Current Assets (5,054)(76,398) Accounts Payable (310,552)114,106 Accrued Expenses (28,142)(11,410) Accrued Interest Payable 168,928(131) Deferred Research and Development Obligation (74,231)307,275 Net Cash Provided By (Used In) Operating Activities 153,805(454,183) Investing Activities  Purchases of Fixed Assets (88,168)(6,332) Cost of Patents (8,060)(17,099) Restricted Cash 5,801(7,496) Net Cash (Used In) Investing Activities (90,427)(30,927) Financing Activities  Proceeds from Stock Option Exercises 58,50023,337 Net Increase (Decrease) in Cash and Cash Equivalents 121,878(461,773) Cash and Cash Equivalents at Beginning of Period 3,990,0623,691,755 Cash and Cash Equivalents at End of Period 

$

4,111,940$

3,229,982 Supplemental Cash Flow Information:  Cash Paid for Interest 

$

-$

173,496 Non-Cash Items:  Conversion of Convertible Subordinated Debtinto Shares of Common Stock 

$

182,000$

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SOURCE Dyadic International, Inc.
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