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WaferGen Reports Fourth Quarter and Full Year 2010 Financial Results
Date:3/14/2011

future events or otherwise.Contact:WaferGen510-651-4450Don Huffman, CFOdon.huffman@wafergen.comJoyce Strandjoyce.strand@wafergen.comConsolidated Balance SheetsDecember 31, 2010December 31, 2009AssetsCurrent assets:  Cash and cash equivalents$

2,209,941$

5,953,639  Restricted cash100,651––  Accounts receivable778,769258,855  Inventories, net1,024,25039,970  Prepaid expenses and other current assets176,259138,712Total current assets4,289,8706,391,176Property and equipment, net1,191,840441,996Other assets334,85557,982  Total assets$

5,816,565$

6,891,154Liabilities and Stockholders' Equity (Deficit)Current liabilities:  Accounts payable$

1,196,861$

1,240,397  Accrued rent98,05710,493  Accrued payroll268,686241,586  Accrued severance pay18,260371,596  Accrued vacation153,155117,619  Deferred revenue25,000––  Warranty reserve36,850––  Accrued other expenses293,590157,699  Current portion of long-term debt419,38421,663Total current liabilities2,509,8432,161,053Long-term debt, net of current portion1,589,4688,852Put option derivative liability194,088—Warrant derivative liability2,240,9622,778,191Redeemable convertible preference shares in subsidiary3,337,4763,290,994Commitments and contingencies——Stockholders' equity (deficit):  Preferred Stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding——  Common Stock: $0.001 par value; 300,000,000 shares authorized; 41,175,464 and 33,387,857 shares issued and outstanding at December 31, 2010 and December 31, 200941,17533,388  Additional paid-in capital38,881,07529,017,578  Deficit accumulated during the development stage(43,265,399)(30,462,283)  Accumulated other comprehensiv
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SOURCE WaferGen Biosystems, Inc.
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