Crdentia Announces 2007 Fourth Quart...(ses 3627305 3807253 D...),Health

Due to iVOW - 791,943

Accrued employee compensation and

benefits 880,718 896,260

Current portion of notes payable

including amounts due to significant

stockholders of $935,425 and

$1,234,078, respectively 1,534,333 1,234,078

Notes payable to lender, net of

discount of $80,150 at December 31,

2006 2,075,000 701,717

Debentures, net of discount of

$1,109,313 - 554,687

Other current liabilities 725,053 345,643

Total current liabilities 13,197,747 14,743,610

Debentures, net of discount of $153,750 371,250 -

Long-term note payable 375,667 -

Long-term bonus payable 495,864 903,455

Other long-term liabilities - 757,954

Total liabilities 14,440,528 16,405,019

Commitments and contingencies

Stockholders' equity:

Convertible preferred stock,

10,000,000 shares authorized

no shares issued and outstanding - -

Common stock, par value $0.0001,

150,000,000 shares authorized at

December 31, 2007 and December 31, 2006;

49,860,327 shares issued and

outstanding at December 31, 2007

and 14,538,313 shares issued and

14,430,672 shares outstanding at

December 31, 2006 4,986 1,454

Additional paid-in capital 145,235,911 126,768,011

Treasury stock, no shares at<
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