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Pressure BioSciences, Inc. Reports Record Revenue, Significantly Reduced Operating Loss for the Fourth Quarter of 2008
Date:3/4/2009

ITIES AND STOCKHOLDERS' EQUITY ------------------------------------ CURRENT LIABILITIES Accounts payable $263,486 $152,729 Accrued employee compensation 161,374 377,190 Accrued professional fees and other expenses 278,982 191,359 Deferred revenue 16,705 15,075 ------ ------ Total current liabilities 720,547 736,353 ------- ------- LONG TERM LIABILITIES Deferred revenue 10,821 6,767 ------ ----- TOTAL LIABILITIES 731,368 743,120 ------- ------- COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Preferred stock; 1,000,000 shares authorized; 0 outstanding - - Common stock, $.01 par value; 20,000,000 shares authorized; 2,195,283 shares issued and outstanding on December 31, 2008 and 2,192,175 shares issued and outstanding on December 31, 2007 21,953 21,922 Additional paid-in capital 6,803,530 6,284,616 Retained (deficit) earnings (4,701,841) 206,604 ---------- ------- Total stockholders' equity 2,123,642 6,513,142 --------- --------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,855,010 $7,256,262 ========== ========== Consolidated Statements of Ope
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SOURCE Pressure BioSciences, Inc.
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