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Neovasc Inc. Reports Second Quarter 2009 Financial Results
Date:8/19/2009

Interest on repayable contribution agreement - 3,846 - 7,685 Stock-based compensation 40,399 16,457 126,451 29,740 ------------------------------------------------------------------------- (1,258,949) (1,725,296) (2,886,781) (3,403,983) Change in non-cash operating assets and liabilities Accounts receivable (106,089) 38,235 28,417 228,316 Inventory (35,974) 81,126 (184,586) (88,034) Prepaid expenses and other assets 115 (40,440) (6,164) (169,585) Accounts payable and accrued liabilities (192,967) 118,393 (59,232) 105,493 ------------------------------------------------------------------------- (1,593,864) (1,527,982) (3,108,346) (3,327,793) ------------------------------------------------------------------------- INVESTING ACTIVITY Purchase of property and equipment (574) (6,510) (8,545) (13,692) ------------------------------------------------------------------------- (574) (6,510) (8,545) (13,692) ------------------------------------------------------------------------- FINANCING ACTIVITIES Repayment of long-term debt (17,287) (7,265) (22,318) (12,035) Repayment of repayable contribution agreement - (2,655) - (4,383) Proceeds from share issue, net of costs 1,979,686 - 1,979,686 - Proceeds from exercise of stock options - - 1,555 -
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SOURCE Neovasc Inc.
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