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Pressure BioSciences, Inc. Reports Second Quarter 2007 Financial Results and Provides Business Update
Date:8/19/2007

75,647 37,495

Inventories 238,831 19,658

Prepaid income taxes 56,863 38,687

Income tax receivable 723,802 710,013

Prepaid expenses, deposits, and other

current assets 326,264 246,776

Investments in marketable securities - 2,060,875

Total current assets 8,225,081 8,448,786

PROPERTY AND EQUIPMENT, NET 241,286 207,696

OTHER ASSETS

Intangible assets, net 352,606 376,922

Assets held for sale - 1,420,996

Total other assets 352,606 1,797,918

TOTAL ASSETS $8,818,973 $10,454,400

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts payable $351,055 $174,289

Accrued employee compensation 263,712 242,497

Other accrued expenses 148,270 150,978

Income taxes payable 43,339 45,962

Deferred taxes 186,010 669,520

Deferred revenue 18,823 4,099

Total current liabilities 1,011,209 1,287,345

LONG TERM LIABILITIES

Deferred revenue 11,778 9,126

Liabilities held for sale - 1,042,493

Total long term liabilities 11,778 1,051,619

TOTAL LIABILITIES 1,022,987 2,338,964

COMMITMENTS (Note 7)

STOCKHOLDERS' EQUITY'/>"/>

SOURCE Pressure BioSciences, Inc.

Copyright©2007 PR Newswire.

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