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Dyadic International Reports Q2 2014 Financial Results
Date:8/14/2014

s at our research center in The Netherlands in support of our new product development initiatives.  The expansion of the lab was completed in January 2014.

From Financing Activities

For the six months ended June 30, 2014, net cash provided by financing activities was $40,000. This amount was received as a repayment of a stock subscription receivable under our 2013 Employee Loan Program (the "Loan Program"), in connection with their exercise of stock options to purchase 250,000 shares of common stock. 

Stockholder's Equity at June 30, 2014 and 2013

Our history of operating losses has resulted in an accumulated deficit of approximately $81.8 million and total negative stockholders' equity of approximately $245,000 as of June 30, 2014.  Total stockholders' equity was approximately $2.7 million as of December 31, 2013. 

The financial information contained in this earnings press release should be read in conjunction with the financial statements and related footnotes which have been posted on the OTC marketplace website at www.otcmarkets.com/stock/DYAI/filings and on Dyadic's website at www.dyadic.com/investorinfo/financials/.

Conference CallDyadic's 2014 second quarter financial results conference call is scheduled for 5:00 p.m. Eastern Standard Time on Thursday, August 14, 2014. The conference call may be accessed by dialing 888-596-2611 (from the United States or Canada) or 913-981-5559 (from other countries) five to ten minutes prior to start time and providing the passcode 1132588. A replay of the conference call will be available on Dyadic's website (www.dyadic.com) shortly after the live event.

About DyadicDyadic International, Inc. is a global biotechnology company that uses its patented and proprietary technologies to conduc
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SOURCE Dyadic International, Inc.
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