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BioLife Solutions Announces 2012 Full Year Results; 10th Consecutive Quarter of Record Revenue
Date:4/1/2013

(1,956,639)Basic and diluted net loss per common share

$

(0.01)$

(0.01)$

(0.02)$

(0.03)Basic and diluted weighted average common shares used to calculate net loss per common share69,679,85469,679,85469,679,85469,679,854  Selected Balance Sheet DataDecember 31,December 31,20122011Cash and cash equivalents$

196,478$

16,864Accounts receivable600,153547,143Inventories656,397505,956Total current assets1,627,7591,160,407Total current liabilities1,365,338579,248Promissory notes payable, related parties10,603,12710,128,127Accrued interest, related parties2,759,3912,025,961Total liabilities15,655,85212,842,503Total shareholders' equity (deficiency)(12,486,023)(11,180,486)  Selected Cash Flow DataYear Ended December 31, 20122011Cash provided by (used in) operating activities$

854,934$

(989,917)Cash used in investing activities(1,150,320)(91,430)Cash provided by financing activities475,0001,095,000Net increase in cash and equivalents179,61413,653
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SOURCE BioLife Solutions, Inc.
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