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Pressure BioSciences, Inc. Reports Second Quarter 2008 Financial Results and Provides Business Update
Date:8/14/2008

x receivable 249,541 249,541

Prepaid expenses and other current assets 217,977 94,783

Total current assets 4,176,698 6,670,175

PROPERTY AND EQUIPMENT, NET 308,926 257,797

OTHER ASSETS

Intangible assets, net 303,974 328,290

TOTAL ASSETS $4,789,598 $7,256,262

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts payable $244,722 $152,729

Accrued employee compensation 326,966 377,190

Accrued professional fees and other

expenses 213,868 186,840

Income taxes payable 6,745 4,519

Deferred revenue 10,681 15,075

Total current liabilities 802,982 736,353

LONG TERM LIABILITIES

Deferred revenue 5,486 6,767

TOTAL LIABILITIES 808,468 743,120

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 June 30, 2008 and

2,192,175 shares issued and

outstanding on December 31, 2007

21,953 21,922

Additional paid-in capital 6,664,329 6,284,616

Retained (deficit) earnings (2,705,152) 206,604

Total stockholders' equity 3,981,130 6
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SOURCE Pressure BioSciences, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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