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VirtualScopics, Inc. Reports a Record Breaking Quarter
Date:8/12/2009

------ ------- Total assets $7,310,101 $6,861,024 ========== ========== Liabilities and Stockholders' Equity Current liabilities Accounts payable and accrued expenses $984,035 $659,009 Accrued payroll 452,081 554,425 Unearned revenue 609,493 291,594 Derivative liability 1,026,231 - --------- - Total current liabilities 3,071,840 1,505,028 --------- --------- Stockholders' Equity Convertible preferred stock, $0.001 par value; 15,000,000 shares authorized; 8,400 shares designated Series A; issued and outstanding: 3,773 at June 30, 2009, 3,976 at December 31, 2008; liquidation preference $1,000 per share 4 4 6,000 shares designated Series B; issued and outstanding: 4,226 at June 30, 2009 and December 31, 2008; liquidation preference $1,000 per share 4 4 Common Stock, $0.001 par value; 85,000,000 shares authorized; issued and outstanding, 23,758,632 at June 30, 2009 and 23,502,352 at December 31, 2008 23,759 23,503 Additional paid-in capital 13,881,704 16,546,550 Accumulated deficit (9,667,210) (11,214,065) ---------- ----------- Total stockholders' equity 4,238,261 5,355,996 --------- --------- Total liabilities and stockholders' equity $7,310,101 $6,861
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SOURCE VirtualScopics, Inc.
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