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

arch 31, 2009 (unaudited), and December 31, 2008 March 31, 2009 December 31, ASSETS (Unaudited) 2008 -------------- ------------ Current assets Cash and cash equivalents $7,778,180 $9,404,843 Short-term investments 2,029,352 1,894,434 Trade accounts receivable 189,617 281,342 Other receivables 13,681 37,223 Prepaid expenses and other assets 177,352 282,971 ------- ------- Total current assets 10,188,182 11,900,813 Property and equipment, net 288,975 310,365 Patents, net of accumulated amortization of $40,105 and $38,588 12,915 14,433 Deposit 35,625 35,625 ------ ------ Total assets $10,525,697 $12,261,236 ----------- ----------- LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $1,180,489 $710,881 Accrued salaries and benefits 152,289 304,756 Deferred revenue 76,423 39,347 ------ ------ Total current liabilities 1,409,201 1,054,984 Deferred compensation 635,000 660,000 Deferred rent 130,124 136,736 ------- ------- Total liabilities
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SOURCE Spherix Incorporated
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