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

e preference shares of subsidiary3,458,6323,337,476Commitments and contingencies--Stockholders' equity (deficit):Series C convertible preference shares of subsidiary4,993,728-Preferred stock, $0.001 par value, 10,000,000 shares authorized, 2,937,499.97 shares issued and outstanding at June 30, 20119,838,569-Common stock, $0.001 par value, 300,000,000 shares authorized, 41,596,055 and 41,175,464 shares issued and outstanding at June 30, 2011, and December 31, 2010 respectively41,59641,175Additional paid-in capital48,671,24138,881,075Accumulated deficit(56,399,932)(43,265,399)Accumulated other comprehensive income329,287287,877Total stockholders' equity (deficit)7,474,489(4,055,272)Total liabilities and stockholders' equity (deficit)$

28,968,362$

5,816,565Condensed Consolidated Statements of Operations (Unaudited)Three Months Ended June 30,Six Months Ended June 30,2011201020112010Revenue$

44,905$

431,894$

395,937$

821,679Cost of revenue13,942135,894154,891271,749Gross profit30,963296,000241,046549,930Operating expenses:Sales and marketing870,247475,1431,636,159724,949Research and development2,019,1731,496,4434,079,8883,038,711General and administrative2,075,2001,160,0493,488,7812,203,954Total operating expenses4,964,6203,131,6359,204,8285,967,614Operating loss(4,933,657)(2,835,635)(8,963,782)(5,417,684)Other income and (expenses):Interest income6,6151,9497,3607,107Interest expense (including excess debt discount of $2,255,074 expensed as interest in the three and six months ended June 30, 2011)(2,710,344)(1,067)(2,819,227)(1,674)Change in fair value of put option, net184,371-75,612-Change in fair value of conversion element of convertible promissory notes, net(1,613,113)-(1,613,113)-Change in fair value of warrants, net(190,981)3,567,168299,6071,680,476Miscellaneous income (expense)30,145(7,919)(17,250)(72,994)Total other income and (expenses)(4,293,307)3,560,131
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SOURCE WaferGen Biosystems, Inc.
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Related medicine technology :

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3. WaferGen Announces Data Presentations From Newly Launched High-Throughput SmartChip Human microRNA Panel V2 at Scientific Conferences, Including AACR
4. WaferGen Launches High-Throughput SmartChip Human MicroRNA Panel V2
5. WaferGen Reports Fourth Quarter and Full Year 2010 Financial Results
6. WaferGen Appoints Industry Leader Dr. Timothy J. Triche to Board of Directors
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