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Pressure BioSciences, Inc. Reports 2007 Financial Results and Provides Business Update
Date:3/12/2008

07,696

OTHER ASSETS

Intangible assets, net 328,290 376,922

Assets of discontinued operation - 1,420,996

Total other assets 328,290 1,797,918

TOTAL ASSETS $7,256,262 $10,454,400

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts payable $152,729 $174,289

Accrued employee compensation 377,190 242,497

Accrued professional fees and other expenses 186,840 150,978

Income taxes payable 4,519 45,962

Deferred taxes - 669,520

Deferred revenue 15,075 4,099

Total current liabilities 736,353 1,287,345

LONG TERM LIABILITIES

Deferred revenue 6,767 9,126

Liabilities of discontinued operation - 1,042,493

Total long term liabilities 6,767 1,051,619

TOTAL LIABILITIES 743,120 2,338,964

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Preferred stock; 1,000,000 shares authorized;

0 outstanding - -

Common stock, $.01 par value; 20,000,000

shares authorized; 2,192,175 and 2,065,425

shares issued and outstanding 21,922 20,654

Additional paid-in capital 6,284,616 5,347,641

Accumulated other comprehensive income - 1,384,876

Retained earnings 206,604 1,362,265

Total stockholders' equity 6,513,142 8,115,436

TOTAL LI
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SOURCE Pressure BioSciences, Inc.
Copyright©2008 PR Newswire.
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