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Spherix Announces Third Quarter Financial Results
Date:11/11/2011

017,072LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilitiesAccounts payable and accrued expenses

$
250,383$
,211,561Accrued salaries and benefits

432,052563,706Deferred revenue

68,442170,641Total current liabilities

750,8771,945,908Deferred compensation

-550,000Deferred rent

56,27680,945Total liabilities

807,1532,576,853Commitments and contingencies

--Stockholders' equityPreferred stock, $0.01 par value, 2,000,000 shares authorized;5,250 series B issued and 1 outstanding at September 30, 2011and December 31, 2010

--Common stock, $0.01 par value, 5,000,000 shares authorized; 2,570,531 and 2,143,631 issued, 2,562,488 and 2,135,588outstanding at September 30, 2011 and December 31, 2010,respectively

25,70521,436Paid-in capital in excess of par value

41,109,89438,568,814Treasury stock, 8,043 shares, at cost at September 30, 2011and December 31, 2010

(464,786)(464,786)Accumulated deficit

(35,847,638)(33,685,245)Total stockholders' equity

4,823,1754,440,219Total liabilities and stockholders' equity

$
5,630,328$
7,017,072
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SOURCE Spherix Incorporated
Copyright©2010 PR Newswire.
All rights reserved

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