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Dyadic International Reports Third Quarter 2013 Financial Results
Date:11/14/2013

$

(391,594)Net Income (Loss) per Common ShareBasic

$

0.00

$

0.09

$

(0.05)

$

(0.01)Diluted

$

0.00

$

0.08

$

(0.05)

$

(0.01)Weighted Average Common Shares Used in CalculatingNet Income (Loss) Per Share:Basic32,507,98031,708,06333,240,74531,651,657Diluted34,019,67033,937,59833,240,74531,651,657 DYADIC INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30,
2013December 31,
2012ASSETS(unaudited)Current Assets:Cash and Cash Equivalents$

8,496,333$

3,990,062Restricted Cash196,796192,355Accounts Receivable, Net1,888,3801,260,798License Fee Receivable791,2503,500,000Inventory, Net1,678,8612,765,187Prepaid Expenses and Other Current Assets183,465237,389Total Current Assets13,235,08511,945,791Fixed Assets, Net396,442393,860Intangible Assets, Net555,056525,224Other Assets128,91316,173$

14,315,496$

12,881,048LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts Payable$

1,779,946$

1,687,177Accrued Expenses785,613412,483Accrued Interest Payable171,7611,905Note Payable to Stockholder-1,424,941Deferred Research and Development Obligation314,788567,400Income Taxes Payable38,000-Total Current Liabilities3,090,1084,093,906Note Payable to Stockholder1,424,941-Convertible Subordinated Debt6,818,0007,000,00011,333,04911,093,906COMMITMENTS AND CONTINGENCIESStockholders' Equity:Preferred Stock, $.0001 Par Value:Authorized Shares – 5,000,000; None Issued and Outstanding--Common Stock, $.001 par value,Authorized Shares – 100,000,000; Issued and Outstanding R
33,240,745 and 31,656,245, Respectively33,24031,656Additional Paid-in Capital80,829,16379,847,761Stock to be Issued91,672-Accumulated Deficit(77,971,628)(78,092,275)2,982,4471,787,142$

14,315,496$

12,881,048 DYADIC INTERNATIONAL, INC. AND
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SOURCE Dyadic International, Inc.
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