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WaferGen Reports Second Quarter 2010 Financial Results
Date:8/16/2010

the company's Annual Report on Form 10-K for the year ended December 31, 2009 and the most recent Form 10-Q.  Investors and security holders are urged to read this document free of charge on the SEC's web site at www.sec.gov.  The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.Contact:Mona Chadhamona.chadha@wafergen.comOrJoyce Strandjoyce.strand@wafergen.com510-651-4450Tables FollowFinancial Statements (Unaudited)WAFERGEN BIOSYSTEMS, INC. AND SUBSIDIARIESCondensed Consolidated Balance Sheets (Unaudited)June 30, 2010December 31, 2009AssetsCurrent assets:Cash and cash equivalents$

1,516,528$

5,953,639Accounts receivable475,038258,855Inventories, net457,70139,970Prepaid expenses and other current assets264,496138,712Total current assets2,713,7636,391,176Property and equipment, net795,807441,996Other assets47,62657,982Total assets$

3,557,196$

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

1,308,494$

1,240,397Accrued rent31,16610,493Accrued payroll224,302241,586Accrued severance pay105,324371,596Accrued vacation149,853117,619Warranty reserve16,650--Accrued other expenses389,168157,699Current portion of capital lease obligations 13,96821,663Total current liabilities2,238,9252,161,053Capital lease obligations, net of current portion2,2578,852Warrant derivative liabilities1,115,6302,778,191Redeemable convertible preference shares in subsidiary4,171,3783,290,994Commitments 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, 33,968,846and 33,387,857 shares issued and outstanding at June 30, 2010,an
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SOURCE WaferGen Biosystems, Inc.
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