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Neovasc Inc. Reports Year 2008 Financial Results
Date:4/24/2009

70 - Amortization 194,291 205,451 ------------------------------------------------------------------------- 35,498,908 8,631,675 ------------------------------------------------------------------------- LOSS BEFORE OTHER INCOME (EXPENSES) (34,660,969) (7,913,395) ------------------------------------------------------------------------- OTHER INCOME (EXPENSES) Interest income 153,277 165,562 Interest on long-term debt (27,288) (14,136) Accreted interest on repayable contribution agreement (15,479) (14,891) Gain (Loss) on foreign exchange 290,894 (54,094) ------------------------------------------------------------------------- 401,404 82,441 ------------------------------------------------------------------------- NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD (34,259,565) (7,830,954) DEFICIT, BEGINNING OF PERIOD (25,630,398) (17,900,437) ADJUSTMENT FOR CHANGE IN ACCOUNTING POLICY - 100,993 ------------------------------------------------------------------------- DEFICIT, END OF PERIOD $(59,889,963) $(25,630,398) ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- BASIC AND DILUTED LOSS PER SHARE $ (2.94) $ (1.59) ------------------------------------------------------------------------- -----------------------------------------------------------------
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SOURCE Neovasc Inc.
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