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Spherix Reports First Quarter 2009 Earnings
Date:5/14/2009

evenue $360,670 $142,908 -------- -------- Operating expense Direct costs 130,542 61,594 Research and development expense 1,561,389 1,031,208 Selling, general and administrative expense 759,270 1,100,915 ------- --------- Total operating expense 2,451,201 2,193,717 --------- --------- Loss from operations (2,090,531) (2,050,809) Interest income 24,447 136,575 ------ ------- Loss before taxes (2,066,084) (1,914,234) Income tax expense - - --- --- Net loss $(2,066,084) $(1,914,234) ============ ============ Net loss per share, basic $(0.14) $(0.13) Net loss per share, diluted $(0.14) $(0.13) Weighted average shares outstanding, basic 14,357,162 14,318,702 ========== ========== Weighted average shares outstanding, diluted 14,357,162 14,318,702 ---------- ----------

                               Spherix Incorporated
                            Consolidated Balance Sheets
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