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Uroplasty Reports Financial Results for the Third Quarter FY2011


($3,319,911)($2,240,434)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization

848,385 567,238 Loss on disposal of  equipment

192 186 Amortization of premium on marketable securities

7,226 - Share-based consulting expense

9,739 - Share-based compensation expense

279,083 291,462 Deferred income taxes

(5,863)(3,249) Deferred rent

(26,421)(17,500)Changes in operating assets and liabilities:Accounts receivable

(261,136)91,206 Inventories

(248,656)47,499 Other current assets and income tax receivable

(48,492)(102,998)Accounts payable

4,474 (185,406)Accrued liabilities

610,710 (348,381)Accrued pension liability, net and income tax payable

(10,783)(58,492)Net cash used in operating activities

(2,161,453)(1,958,869)Cash flows from investing activities:Proceeds from maturity of marketable securities

4,000,000 2,500,000 Purchases of marketable securities

(16,311,352)(2,000,000)Purchases of property, plant and equipment

(128,935)(61,334)Purchase of intangible assets

(11,300)- Proceeds from sale of property, plant and equipment

-  2,000 Net cash (used in) provided by investing activities

(12,451,587)440,666 Cash flows from financing activities:Net proceeds from public offering of common stock

14,917,059 -  Net proceeds from exercise of warrants and options

2,467,007 -  Net cash provided by financing activities

17,384,066 -  Effect of exchange rates on cash and cash equivalents

(37,554)34,771 Net increase (decrease) in cash and cash equivalents

2,733,472 (1,483,432)Cash and cash equivalents at beginning of period

2,311,269 3,276,299 Cash and cash equivalents at end of period

$5,044,741 $1,792,867 Supplemental disclosure of cash flow information:Cash paid during the period for interest

$- $6,145 Cash r

SOURCE Uroplasty, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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4. Uroplasty Inc. Announces CPT® Category I Code and Associated Reimbursement Value for Posterior Tibial Nerve Stimulation
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