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PURE Bioscience Reports Fourth Quarter and Year End Results
Date:10/15/2008

> Accumulated deficit (31,432,858) (24,892,539)

Total stockholders' equity 9,943,574 4,359,658

Total liabilities and stockholders'

equity $10,940,838 $4,862,039

PURE Bioscience

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Years Ended

July 31,

2008 2007

Net revenues $1,487,464 $336,392

Cost of sales 463,596 221,108

Gross profit 1,023,868 115,284

Selling expenses 805,628 899,145

General and administrative expenses 5,142,961 2,836,224

Research and development 1,646,352 1,220,764

Impairment of capitalized assets 109,286 -

Total operating expenses 7,704,227 4,956,133

Loss from operations (6,680,359) (4,840,849)

Other income and (expense):

Interest income 30,786 150,878

Interest expense - -

Other 111,654 37,494

Total other income (expense) 142,440 188,372

Net loss before income taxes (6,537,919) (4,652,477)

Income tax provision (2,400) (2,400)

Loss from continuing operations (6,540,319) (4,654,877)

Discontinued operations:

Income taxes on discontinued operation
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SOURCE PURE Bioscience
Copyright©2008 PR Newswire.
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