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WaferGen Announces Third Quarter 2008 Financial Results
Date:11/10/2008

3,737,170 5,479,693

Property and equipment, net 812,115 321,159

Other assets 16,422 54,016

Total assets $4,565,707 $5,854,868

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $686,029 $560,641

Accrued rent 32,701 19,340

Accrued payroll 176,158 414,519

Accrued vacation 199,538 156,234

Accrued other expenses 139,612 -

Current portion of capital lease

obligations 54,518 32,443

Total current liabilities 1,288,556 1,183,177

Capital lease obligations, net of

current portion 38,612 73,451

Minority interest 984,583 -

Commitment and contingencies - -

Stockholders' equity :

Preferred Stock, $0.001 par value;

10,000,000 shares authorized; no

shares issued and outstanding - -

Common Stock: $0.001 par value;

300,000,000 shares authorized;

24,830,932 and 23,217,846 shares

issued and outstanding at

September 30, 2008 and December

31, 2007 24,831 23,218

Additional paid-in capital 20,326,298 16,527,929

Accumulated deficit (18,073,315) (11,952,907)

Accumulated other comprehensive

income (23,858) -

Total stockholders' equity 2,253,956 4,598,240 <
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SOURCE WaferGen Biosystems, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Related biology technology :

1. WaferGen to Present at the Rodman & Renshaw 10th Annual Healthcare Conference
2. NIH Awards Approximately $3M Grant for Research Involving WaferGens SmartChip(TM) Real-Time PCR System at the University of Pittsburgh
3. WaferGen to Present at the Seventh Annual BIO Investor Forum
4. WaferGen Announces Second Quarter 2008 Financial Results
5. WaferGen to Present at the Ninth Annual Beyond Genome Conference
6. WaferGen Announces Signing of Two Private Placements
7. WaferGen to Present at the Rodman and Renshaw Fifth Annual Global Healthcare Conference
8. WaferGen Signs Exclusive Distribution Agreement for SmartSlide(TM) Micro-Incubation System in Germany
9. WaferGen Signs Exclusive Distribution Agreement for SmartSlide(TM) Micro-Incubation System in United Kingdom and France
10. WaferGen to Present at the Cambridge Health Institutes Fifth Annual Molecular Diagnostics Partnerships in Personalized Medicine Conference
11. WaferGen Announces Management Team Promotions
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