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Cardium Presents Second Quarter 2012 Financial Results And Reports On Recent Developments
Date:8/14/2012

157300,571Net loss $  (1,875,447)$  (1,763,306)$(4,469,483)$ (3,451,946)Net loss per common  share – basic and diluted$
(0.02)$
(0.02)$
(0.04)$
(0.04)Weighted average common shares outstanding  – basic and diluted119,617,35683,097,967114,448,25483,097,967*Please refer to the reconciliation of Non-GAAP measures included in this release. 

 Selected Condensed Consolidated Balance Sheet DataJune 30, 

2012December 31,

2011Cash and cash equivalents$
,271,500$
4,721,279Restricted cash50,000200,000Accounts receivable9,757-Inventory771,867434,130Prepaid expenses and other current assets182,16068,204Property and equipment, net102,872135,581Other long-term assets1,876,8311,944,035Total assets$
9,264,987$
7,503,229Accounts payable and accrued liabilities$
,057,429$
,214,480Derivative liabilities-85,506Long-term liabilities87,026118,313Total liabilities1,144,4551,418,299Stockholder's equity 8,120,5326,084,930Total liabilities and stockholder's equity$
9,264,987$
7,503,299 

 Cardium Therapeutics, Inc.Reconciliation of Non-GAAP Measure As of June 30, 2012Three months ended June 30,Six months ended June 30,2012201120122011Net loss$
(1,875,447)$
(1,763,306)$ (4,469,483)$   (3,451,946)Add (subtract)Stock based compensation expense43,60659,00986,84581,529Change in fair value of derivative liabilities-(212,401)(64,157)(300,571)Non-GAAP net loss $
(1,831,841)$
(1,916,698)$ (4,446,795)$   (3,670,988)Non-GAAP net loss per common  share – basic and diluted$
(0.02)$
(0.02)$
(0.04)$
(0.04)Weighted average common shares outstanding  – basic and diluted119,617,35683,097,967114,448,25483,097,967Non-GAAP Financial MeasureTo supplement our condensed consolidated financial statements, which statements are prepared and presented in accordance with accounting principles generally accepted in the United States of America (GA
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SOURCE Cardium Therapeutics
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