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Skyline Medical Announces Results for Third Quarter and First Nine Months of 2013
Date:11/14/2013

ss (gain) on valuation of equity-linked financial instruments(65,287)

(18,678)Total expense4,056,557

2,837,366Net loss available to common shareholders$ (3,974,903)

$ (2,855,713)Loss per common share - basic and diluted (in dollars per share)$ (0.03)

$ (0.04)Weighted average shares used in computation - basic and diluted
(in shares)136,728,212

79,467,603  SKYLINE MEDICAL, INC. CONDENSED BALANCE SHEETS (USD $)Sept. 30, 2013Dec. 31, 2012ASSETSCash

$ 328,362

$ 13,139Accounts Receivable, net of Allowance for Doubtful Accounts of $0 in 2013 and $4,073 in 2012.

83,191

39,711Inventories

101,067

145,209Prepaid Expense and other assets

34,462

27,409Total Current Assets547,082

225,468Fixed Assets, net

37,491

3,521Intangibles, net

52,074

140,588Total Assets636,647

369,577LIABILITIES AND STOCKHOLDERS' DEFICITCurrent portion of convertible debt, net of discounts of $0 and $21,138

0

1,081,187Convertible Notes Payable - Related Party

0

0Accounts payable

636,085

733,595Accrued expenses

744,089

1,599,519Deferred Revenue

5,000

0Total Current Liabilities1,385,174

3,414,301Long-term convertible debt

0

89,300Accrued Expenses

444,902

0Liability for equity-linked financial instruments

15,219

169,179Total Liabilities 

1,845,295

3,672,780Stockholders' Deficit:Common stock, $.01 par value, 300,000,000 authorized, 219,640,021 and 104,247,228 outstanding

2,196,401

1,042,473Additional paid-in capital

23,138,027

14,945,435Deficit accumulated during development stage

(26,543,076)

(19,291,111)Total Stockholders' Deficit(1,208,648)

(3,303,203)Total Liabilities and Stockholders' Defi
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SOURCE Skyline Medical Inc.
Copyright©2012 PR Newswire.
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