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Cardium Presents Year-End 2012 Financial Results And Recent Developments

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 Cardium Therapeutics, Inc.Selected Condensed Consolidated Results of OperationsThree months ended December 31,The year ended December 31,2012201120122011Product sales$
-Cost of goods sold(421,874)-(437,065)-Gross profit324,203-348,253-Operating expensesResearch and development(523,646)(718,845)(2,621,321)(2,593,258)Selling, general and administrative(1,758,040)(1,183,039)(6,116,746)(4,824,659)Loss from operations(1,957,483)(1,901,884)(8,389,814)(7,417,917)Interest income (expense), net(1,424)782,3475,683Change in fair value of derivative liabilities-(175,057)64,157283,142Net loss $   (1,958,907)$  (2,076,863)$(8,323,310)$ (7,129,092)Net loss per common  share – basic and diluted$
(0.08)Weighted average common shares outstanding  – basic and diluted127,267,49190,908,169118,454,33985,066,566 Selected Condensed Consolidated Balance Sheet DataDecember 31,  

2012December 31,

2011Cash and cash equivalents$
4,721,279Restricted cash50,000200,000Accounts receivable328,953-Inventory1,174,323434,130Prepaid expenses and other current assets407,38968,204Property and equipment, net97,582135,581Intangible assets2,803,7211,332,727Other long-term assets619,836611,308Total assets$
7,503,229Accounts payable and accrued liabilities$
,214,480Derivative liabilities-85,506Long-term liabilities50,370118,313Total liabilities1,443,0881,418,299Stockholder's equity 6,365,7906,084,930Total liabilities and stockholder's equity$

SOURCE Cardium Therapeutics
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