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Neuralstem Reports First Quarter Financial Results and Provides Business and Clinical Update
Date:5/10/2011

' EQUITYPreferred stock, 7,000,000 shares
authorized, zero shares issued and
outstanding--Common stock, $0.01 par value; 150
million shares authorized,
48,366,304 and 46,897,529 shares
outstanding in 2011 and 2010 respectively483,663468,975Additional paid-in capital97,248,33493,339,506Accumulated deficit(89,055,933)(85,954,131)Total stockholders' equity8,676,0647,854,350Total liabilities and stockholders' equity$

9,710,037

$

10,591,360Neuralstem, Inc.Statements of OperationsThree MonthsEnded March 31,2011

2010Revenues

$
-

$
-Operating expenses:Research and development costs

1,738,728

1,899,963General and administrative expenses

1,772,482

1,687,835Depreciation and amortization

25,293

29,063Total operating expenses

3,536,503

3,616,861Operating loss

(3,536,503)

(3,616,861)Nonoperating income (expense):Litigation settlement

250,000

-Interest income

22,892

5,811Interest expense

-

(659)Warrant issuance and modification expense

-

(1,906,800)Gain (loss) from change in fair value adjustment of warrant obligations

161,809

(1,248,452)Total nonoperating income (expense)

434,701

(3,150,100)Net loss attributable to common shareholders

$   (3,101,802)

$  (6,766,961)Net loss per share - basic and diluted

$
(0.07)

$
(0.18)Weighted average common shares outstanding - basic and diluted

47,692,878

38,539,226
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SOURCE Neuralstem, Inc.
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