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BioDrain Announces First Quarter 2013 Results

for Doubtful Accounts of $4,073 in 2013

and 2012.




145,209Prepaid Expense and other assets


27,409Total Current Assets667,022

225,468Fixed Assets, net


3,521Intangibles, net


140,588Total Assets810,820

369,577LIABILITIES AND STOCKHOLDERS' DEFICITCurrent portion of convertible debt, net of discounts of $77,644 and $21,138


1,081,187Convertible Notes Payable - Related Party


0Accounts payable


733,595Accrued expenses


1,599,519Deferred Revenue


0Total Current Liabilities3,007,826

3,414,301Long-term convertible debt


89,300Accrued Expenses


0Liability for equity-linked financial instruments


169,179Stockholders' Deficit:Common stock, $.01 par value, 300,000,000 authorized, 120,303,418 and

104,247,228 outstanding


1,042,473Additional paid-in capital


14,945,435Deficit accumulated during development stage


(19,291,111)Total Stockholders' Deficit(2,844,665)

(3,303,203)Total Liabilities and Stockholders' Deficit$ 810,820

$ 369,577 

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

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