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BioDrain Announces First Quarter 2013 Results
Date:5/15/2013

for Doubtful Accounts of $4,073 in 2013

and 2012.

96,712

39,711Inventories

141,447

145,209Prepaid Expense and other assets

56,009

27,409Total Current Assets667,022

225,468Fixed Assets, net

3,210

3,521Intangibles, net

140,588

140,588Total Assets810,820

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

378,599

1,081,187Convertible Notes Payable - Related Party

597,282

0Accounts payable

612,243

733,595Accrued expenses

1,404,702

1,599,519Deferred Revenue

15,000

0Total Current Liabilities3,007,826

3,414,301Long-term convertible debt

0

89,300Accrued Expenses

497,902

0Liability for equity-linked financial instruments

149,757

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

104,247,228 outstanding

1,203,035

1,042,473Additional paid-in capital

17,344,936

14,945,435Deficit accumulated during development stage

(21,392,636)

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

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

$ 369,577 


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SOURCE BioDrain Medical, Inc.
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