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Neuralstem Reports Second Quarter Financial Results and Highlights
Date:8/14/2008

(Unaudited)

Three Months Ended June 30,

2008 2007

Revenues $- $ 78,499

Operating expenses

Research and development costs 1,633,729 744,149

General, selling and administrative expense 1,318,708 1,178,015

Depreciation and amortization 15,780 12,981

Total 2,968,217 1,935,145

Operating loss (2,968,217) (1,856,646)

Non-operating income (expense)

Interest Income 10,545 58,058

Interest expense - (323)

Net loss $(2,957,672) $(1,798,911)

Net loss per share, basic and dilutive $(0.09) $(0.06)

Average number of shares of common stock

outstanding 32,109,858 29,024,012

BALANCE SHEETS

June 30, December 31,

2008 2007

(Unaudited)

ASSETS

CURRENT ASSETS

Cash $6,966,587 $7,403,737

Prepaid expenses 80,702 130,719

Total current assets 7,047,289 7,534,456

Property and equipment, net 175,238 136,920

Other assets 49,272 43,271

Intangible assets, net 127,228 111,406

Total assets
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SOURCE Neuralstem Inc.
Copyright©2008 PR Newswire.
All rights reserved

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