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VirtualScopics Reports 2nd Quarter 2012 Results
Date:8/14/2012

468,001514,230Other assets

16,28327,140Total assets

$
2,991,543$ 10,658,189Liabilities and Stockholders' EquityCurrent liabilities  Accounts payable and accrued expenses

$
48,683$
843,275  Accrued payroll

600,231759,470  Unearned revenue

287,973421,486
Derivative liabilities

37,816156,596Total current liabilities

1,574,7032,180,827Commitments and Contingencies

--Stockholders' EquityConvertible preferred stock, $0.001 par value; 15,000,000 shares authorized; Series A 8,400 shares authorized; issued and outstanding, 2,190 at June 30, 2012 and December 31, 2011; liquidation preference $1,000 per share

22Series B 6,000 shares authorized; issued and outstanding, 600 at June 30, 2012 and December 31, 2011; liquidation preference $1,000 per share

11Series C-1 3,000 shares authorized; issued and outstanding, 3,000 and 0 shares at June 30, 2012 and December 31, 2011, respectively; liquidation preference $1,000 per share

3-Series C-2 3,000 shares authorized; issued and outstanding, 0 shares at June 30, 2012 and December 31, 2011; liquidation preference $1,000 per share

--Common Stock, $0.001 par value; 85,000,000 shares authorized; issued and outstanding, 29,747,762 and 29,370,687 shares at June 30, 2012 and December 31, 2011, respectively 

29,74829,371Additional paid-in capital

21,498,54517,882,936Accumulated deficit

(10,111,459)(9,434,948)Total stockholders' equity

11,416,8408,477,362Total liabilities and stockholders' equity

$
2,991,543$ 10,658,189 

 

 Three Months EndedThree Months EndedAdjusted EBITDA (non-GAAP measurement):June 30, 2012June 30, 2011(unaudited)(unaudited)Net (loss) income$
(62,966)

$
327,650Interest income and other exp
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SOURCE VirtualScopics, Inc.
Copyright©2012 PR Newswire.
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