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BioDrain Announces First Quarter 2013 Results

f the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, which are available for review at This is not a solicitation to buy or sell securities and does not purport to be an analysis of the company's financial position. See the Company's most recent Annual Report on Form 10-K, as amended, and subsequent reports and other filings at

Public Relations Contact:
Samantha Wolf
KCSA Strategic Communications

Investor Relations Contacts:
Phil Carlson / Josh Dver
KCSA Strategic Communications
212-896-1233 / 212-896-1239  BIODRAIN MEDICAL, INC. CONDENSED STATEMENTS OF OPERATIONS (USD $)3 Months EndedMar. 31, 2013Mar. 31, 2012Revenue$ 127,727

$ 22,635Cost of Goods Sold41,604

13,806Gross Margin86,123

8,829General and administrative expenses1,823,082

565,721Operations expense204,467

69,737Sales and marketing expense83,969

31,900Interest expense95,552

55,488Loss (gain) on valuation of equity-linked financial instruments(19,422)

(650)Total expense2,187,648

722,196Net loss available to common shareholders$ (2,101,525)

$ (713,367)Loss per common share - basic and diluted (in dollars per share)$ (0.02)

$ (0.02)Weighted average shares used in computation - basic and diluted (in shares)107,824,939



$ 372,854

$ 13,139Accounts Receivable, net of Allowance

SOURCE BioDrain Medical, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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