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ULURU Inc. Reports Second Quarter 2010 Financial Results
Date:8/17/2010

ange Commission.ULURU Inc.SUMMARY OF RESULTSSTATEMENTS OF OPERATIONS DATAThree Months Ended June 30,
(Unaudited)Six Months Ended June 30,
(Unaudited)2010200920102009REVENUESLicense fees

$   123,530$   24,925$  145,913$  49,576Royalty income

56,30863,858109,369143,103Product sales

51,79647,311211,58279,954Other

---------32,190Total Revenues

231,634136,094466,864304,823COSTS AND EXPENSESCost of goods sold

6,1618,921136,84414,998Research and development

367,395854,460653,1791,629,879Selling, general and administrative

922,0291,835,4871,738,9174,060,106Amortization of intangible assets

246,282269,183492,798535,449Depreciation

49,99047,00799,98079,578Total Costs and Expenses

1,591,8573,015,0583,121,7186,320,010OPERATING (LOSS)(1,360,223)( 2,878,964)(2,654,854)(6,015,187)Other Income (Expense)Interest and miscellaneous income

59421,06671535,620Interest expense

(8,500)---(16,488)---Loss on sale of intangible asset

(857,839)---(857,839)---Loss on sale of equipment

---(2,121)---(2,121)(LOSS) BEFORE INCOME TAXES( 2,225,968)( 2,860,019)(3,528,466)(5,981,688)Income taxes

------------NET (LOSS)$(2,225,968)$(2,860,019)$ (3,528,466)$ (5,981,688)Basic and diluted net (loss) per common share

$   (0.03)$   (0.04)$  (0.04)$  (0.09)WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

81,974,80565,602,99080,970,93165,564,354ULURU Inc.SELECTED CONDENSED CONSOLIDATED BALANCE SHEET DATAJune 30, 2010December 31, 2009(Unaudited)(Audited)  Cash and cash equivalents

$
,700,981$
,934,177  Current assets

3,568,8443,544,850  Property and equipment, net

1,531,5771,631,557  Other assets

6,058,0828,203,965  Total assets

11,158,50313,380,372  Current liabilities

962,517929,771  Long term liabilities – deferred revenue


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SOURCE ULURU Inc.
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