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Crdentia Announces 2008 First Quarter Results
Date:5/21/2008

lender - 2,075,000

Debentures, net of discount of

$115,312 at March 31, 2008 409,688 -

Other current liabilities 948,971 725,053

Total current liabilities 12,516,241 13,197,747

Debentures, net of discount of

$153,750 at December 31, 2007 - 371,250

Long-term bonus payable, net of

current portion - 495,864

Long-term notes payable, net of

discount of $973,864 at March 31, 2008 4,401,803 375,667

Other long-term liabilities 95,943 -

Total liabilities 17,013,987 14,440,528

Commitments and contingencies

Stockholders' equity:

Preferred stock, 10,000,000 shares

authorized no shares issued and

outstanding - -

Common stock, par value $0.0001,

150,000,000 shares authorized at

March 31, 2008 and December 31, 2007;

49,973,795 shares issued and

outstanding at March 31, 2008 and

49,860,327 shares issued and

outstanding at December 31, 2007 4,997 4,986

Additional paid-in capital 146,481,562 145,235,911

Accumulated deficit (137,136,075) (134,834,117)

Total stockholders' equity 9,350,484 10,406,780

Total liabilities and stockholders' equity $26,364,471 $24,847,308

Crdentia Corp.

Unaudited Condensed Consolidated Statement of Cash Flows

Three Months Ended March 31,

2008
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SOURCE Crdentia Corp.
Copyright©2008 PR Newswire.
All rights reserved

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