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Cardium Presents Third Quarter 2012 Financial Results and Reports on Recent Developments
Date:11/14/2012

i>, Cerex®, D-Sorb™, Neo-Energy®, Neo-Carb Bloc®, Neo-Chill, and Nutra-Apps® are trademarks of Cardium Therapeutics, Inc. or Tissue Repair Company.

To Go Brands®, Acai Natural Energy Boost™, Green Tea Energy Fusion™, Trim Energy®, Healthy Belly®, Smoothie Complete®, High Octane®, VitaRocks®, Trim Green Coffee Bean™ and Glucoberry™ are trademarks of To Go Brands, Inc. 

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 Cardium Therapeutics, Inc.Selected Condensed Consolidated Results of OperationsThree months ended September 30,Nine months ended September 30,2012201120122011Product sales$
5,589*$
__$
39,241*$
__Cost of goods sold(3,640)__(15,191)__Gross profit1,949__24,050__Operating expensesResearch and development(508,342)(578,981)(2,097,675)(1,874,413)Selling, general and administrative(1,389,731)(1,180,199)(4,358,706)(3,641,620)Loss from operations(1,896,124)(1,759,180)(6,432,231)(5,516,033)Interest income (expense), net1,2041,2693,7715,605Change in fair value of derivative liabilities__157,62864,157458,199Net loss $  (1,894,920)$  (1,600,283)$(6,364,403)$ (5,052,229)Net loss per common  share – basic and diluted 

$
(0.02) 

$
(0.02) 

$
(0.06) 

$
(0.06)Weighted average common shares outstanding  – basic and diluted 

119,044,747 

83,097,967 

115,493,427 

83,097,967* Note that product sales and associated expenses for these Results of Operations do not include net sales of To Go Brands products of approximately $2.1 million for the nine months ended September 30, 2012 (which is included in the
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SOURCE Cardium Therapeutics
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