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Vasogen Announces 2008 Year-End Results
Date:2/27/2009

-------- Cash provided by (used in): Operating activities: Loss for the period $ (16,074) $ (28,777) $ (66,360) $ (390,414) Items not involving cash: Amortization 217 503 782 6,377 Loss on disposition of property and equipment 125 - - 125 Accretion in carrying value of senior convertible notes payable - 728 7,824 10,294 Amortization of deferred financing costs - 154 2,495 3,057 Loss on extinguishment of senior convertible notes payable - 1,754 4,995 6,749 Change in fair value of embedded derivatives - (829) - (829) Stock-based compensation 811 1,995 3,083 10,390 Common shares issued for services - - 36 2,485 Unrealized gain on forward foreign exchange contract 376 (376) - - Unrealized foreign exchange loss (gain) (124) 2,566 (65) 11,419 Other - - - (35) Change in non-cash operating working capital (513) (3,535) (17,158) 438 ------------------------------------------------------------------------- (15,182) (25,817) (64,368) (339,944) Financing activities: Shares and warrants issued for cash - 17,345 23,106 326,358 Warrants and options exercised for cash - -
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SOURCE Vasogen Inc.
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