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NewCardio Announces Financial Results for Its 2010 Third Quarter
Date:11/15/2010

Gain (loss) on change in fair value of warrant liability and reset derivative

97,473

(748,941)

711,706

(748,941)

(3,393,303)Amortization of commitment fees

(626,352)

(170,156)

(1,407,795)

(170,156)

(1,577,951)Other financing costs

(1,655)

(10,000)

(86,655)

(133,345)

(5,034,951)Interest, net

(80,360)

1,051

(121,473)

23,984

(1,034,197)Net loss before income taxes

(2,503,638)

(3,280,296)

(8,284,929)

(8,229,299)

(36,397,579)Provision for income taxes

-

-

-

-

-Net loss

(2,503,638)

(3,280,296)

(8,284,929)

(8,229,299)

(36,397,579)Preferred stock dividend

-

(109,986)

-

(109,986)

(4,356,048)NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS

$(2,503,638)

$(3,390,282)

$ (8,284,929)

$(8,339,285)

$
(40,753,627)Net (loss) income per share-basic and fully diluted

$ (0.08)

$ (0.14)

$(0.29)

$
(0.35)Weighted average number of shares-basic and fully diluted

29,520,144

23,882,507

28,126,775

23,607,055
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SOURCE NewCardio, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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