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Cardium Reports on Fourth Quarter and Year-End 2009 Financial Results and Recent Developments
Date:3/16/2010

equipment, net 351,539 746,169 351,539 746,169 Other long-term assets 1,047,730 532,438 1,047,730 532,438 Assets of business held for sale - 7,363,973 - -(5) --------- --------- --------- --------- Total assets $5,475,664 $10,296,921 $5,475,664 $2,932,948 ========== =========== ========== ========== Accounts payable and accrued liabilities $2,637,243 $4,691,600 $2,637,243 $4,691,600 Short-term debt - 4,036,776 - 6,000,000(3) Current liabilities of business held for sale - 2,127,986 - -(5) Derivative liabilities 4,802,882 - - (4) - Long-term liabilities 190,114 195,315 190,114 195,315 ------- ------- ------- ------- Total liabilities 7,630,239 11,051,677 2,827,357 10,886,915 --------- ---------- --------- ---------- Stockholder's (deficiency) equity (2,154,575) (754,756) 2,648,307 (7,953,967) --------- ------- --------- --------- Total liabilities and stockholder's (deficiency) equity $5,475,664 $10,296,921 $5,475,664 $2,932,948 ========== =========== ========== ========== *Note: additional pro forma information is included the Company presents this information to investors as an additional tool for evaluating the Company's financial results in a manner that reflects ongoing operations and facilitates comparisons with operating results from prior periods. The presentation of this
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