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VirtualScopics Reports First Quarter 2013 Results
Date:5/15/2013

00 shares authorized; issued
29,958,795 and 29,799,523 shares at March 31, 2013 and December 31,
2012, respectively; outstanding, 29,799,523 shares at March 31, 2013 and
December 31, 2012, respectively

29,80029,800Additional paid-in capital

21,879,87121,781,084Accumulated deficit

(12,076,548)(10,963,600)Total stockholders' equity

9,833,12910,847,290Total liabilities and stockholders' equity

$
,683,087$ 12,599,445 

 Three Months EndedThree Months EndedAdjusted EBITDA (non-GAAP measurement):March 31, 2013March 31, 2012(unaudited)

(unaudited)Net loss$
(1,112,948)

$
(613,544)Interest income and other expenses362

(148)Depreciation and amortization96,313

111,619Stock-based compensation expense 140,787

189,267Unrealized (gain) loss on change in fair value of derivative liabilities(4,870)

394,912  Adjusted EBITDA$
(880,356)

$
82,106  Basic and diluted Adjusted EBITDA per common share, non-GAAP$
(0.03)

$
.00


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SOURCE VirtualScopics, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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