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Uroplasty Reports Record Sales for Third Fiscal Quarter and Nine Months Ended December 31, 2007
Date:2/11/2008

(3,576)

Warrant benefit - (150,315)

Stock-based consulting expense 37,942 48,043

Stock-based compensation expense 829,146 587,904

Deferred income taxes 7,113 (64,694)

Deferred rent (26,250) (23,333)

Changes in operating assets and liabilities:

Accounts receivable (534,542) (365,812)

Inventories 64,390 (149,247)

Other current assets and income tax

receivable 191,921 288,974

Accounts payable 94,198 91,619

Accrued liabilities and income tax payable 312,158 (24,069)

Accrued pension liability, net (247,388) 214,909

Net cash used in operating activities (1,603,028) (3,289,935)

Cash flows from investing activities:

Proceeds from sale of short-term

investments 4,200,000 1,137,647

Purchase of short-term investments (3,648,447) -

Purchases of property, plant and

equipment (210,875) (150,578)

Proceeds from sale of equipment 4,811 4,294

Payments for intangible assets (92,013) -

Net cash provided by investing activities 253,476 991,363

Cash flows from financing activities:

Proceeds from financing obligations 178,374 210,999

Repayment of debt obligations (239,872) (158,820)

Net proceeds from issuance of common

stock, warrants and option exercise 5,374,233 6,393,795

Net cash provided by
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SOURCE Uroplasty, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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