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Vasogen Announces 2007 Year-End Results
Date:1/16/2008

ing costs (154) (2,495) (408) (3,057)

Loss on extinguishment of

senior convertible notes

payable (1,754) (4,995) - (6,749)

Investment income 1,310 1,971 2,274 13,325

Change in fair value of

embedded derivatives 829 - - 829

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Loss and comprehensive loss

for the period (28,777) (66,360) (93,048) (374,340)

Deficit, beginning

of period:

As originally reported (351,374) (284,719) (187,665) (1,510)

Impact of change in

accounting for stock-

based compensation - - (4,006) (4,006)

Impact of change in

accounting for financial

instruments on

December 1, 2006 (1,632) - - (1,632)

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As revised (353,006) (284,719) (191,671)

Charge for acceleration

payments on equity

component of senior

convertible notes payable - (295) - (295)

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Deficit, end of period $(381,783) $(351,374) $(284,719) $(381,783)

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Basic and diluted loss per

common share $ (1.46) $ (7.05) $ (11.65)

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VASOGEN INC.

(A DEVELOPMENT STAGE COMPANY)

Consolidated Statements o
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SOURCE Vasogen Inc.
Copyright©2008 PR Newswire.
All rights reserved

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