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Neuralstem Reports First Quarter Financial Results And Provides Business And Clinical Update
Date:5/10/2013

stem's technologies constitute forward-looking statements that involve risks and uncertainties, including, without limitation, risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in Neuralstem's periodic reports, including the annual report on Form 10-K for the year ended December 31, 2012 and the Form 10-Q for the period ended March 30, 2013.

 Neuralstem, Inc.Unaudited Condensed Balance SheetsMarch 31, 
2013December 31,
2012ASSETSCURRENT ASSETSCash and cash equivalents

$
2,659,240$
7,443,773Billed and unbilled receivables

104,2553,333Deferred financing fees, current portion

557,714-Prepaid expenses

220,914205,651Total current assets13,542,1237,652,757Property and equipment, net

207,697230,397Patent filing fees, net

876,781807,357Deferred financing fees, net of current portion

725,228-Other assets

59,56859,568Total assets$
5,411,397$
8,750,079LIABILITIES AND STOCKHOLDERS' EQUITYCURRENT LIABILITIESAccounts payable and accrued expenses 

$
,243,754$
,199,662Accrued bonus expense

410,452465,865Current portion of long term debt, net of discount

510,666-Derivative instruments

445,680-Other current liabilities

42,56690,776Total current liabilities2,653,1181,756,303Long term debt, net of discount and current portion

7,042,070-Other long term liabilities

22,35621,143Total liabilities9,717,5441,777,446STOCKHOLDERS' EQUITYPreferred stock, 7,000,000 shar
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SOURCE Neuralstem, Inc.
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