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WaferGen Reports Second Quarter 2011 Financial Results
Date:9/12/2011

eport on Form 10-Q for the period ended March 31, 2011.  Security holders are urged to read these documents 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:WaferGen510-651-4450Don Huffman, CFOdon.huffman@wafergen.comMedia:  Joyce Strandjoyce.strand@wafergen.comInvestors:  Tim Ryantryan@shorehamgroupllc.com212-242-7777WAFERGEN BIOSYSTEMS, INC. AND SUBSIDIARIESCondensed Consolidated Balance SheetsJune 30, 2011December 31, 2010Assets(Unaudited)Current assets:Cash and cash equivalents$

24,668,747$

2,209,941Restricted cash100,826100,651Accounts receivable, net91,007778,769Inventories, net1,134,5081,024,250Prepaid expenses and other current assets100,062176,259Total current assets26,095,1504,289,870Property and equipment, net1,996,8611,191,840Other assets876,351334,855Total assets$

28,968,362$

5,816,565Liabilities and Stockholders' Equity (Deficit)Current liabilities:Accounts payable$

768,946$

1,196,861Accrued payroll and related costs772,810440,101Deferred revenue25,00025,000Other accrued expenses, current portion583,590428,497Current portion of long-term debt2,257419,384Total current liabilities2,152,6032,509,843Other accrued expenses, non-current portion117,293-Long-term debt, net of current portion913,0411,589,468Derivative liability for put option on Series B redeemable convertible preference shares of subsidiary118,476194,088Derivative liability for conversion element of convertible promissory notes13,108,276-Warrant derivative liability1,625,5522,240,962Total liabilities18,035,2416,534,361Series A and B redeemable convertibl
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SOURCE WaferGen Biosystems, Inc.
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