CRYOPORT, INC. 

ASSETS		2007			2006
		(Audited)			(Audited)
Current assets:
Cash		$	264,392		$	4,723
Accounts receivable, net			10,172			22,306
Inventories			146,008			190,321
Prepaid expenses and other current assets			15,320			9,270
Total current assets			435,892			226,620
Fixed assets, net			38,400			57,520
Intangible assets, net			4,696			9,365
Deferred financing costs, net			4,699			-
		$	483,687		$	293,505
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable		$	306,682		$	223,070
Accrued expenses			97,227			112,061
Accrued warranty costs			55,407			59,532
Accrued salaries and related			214,537			301,192
Convertible notes payable and accrued interest,
net of discount of $29,638			96,435			-
Current portion of related party notes payable			120,000			45,000
Current portion of note payable			24,000			24,000
Total current liabilities			914,288			764,855
Related party notes and accrued interest payable,
net of current portion			1,623,841			1,643,246
Note payable, net of current portion			35,440			35,440
Note payable to officer, net of current portion			197,950			-
Total liabilities			2,771,519			2,443,541
Commitments and contingencies
Stockholders’ deficit:
Common stock, $0.001 par value; 100,000,000 shares
authorized; 34,782,029 (2007) and 30,081,696 (2006)
shares issued and outstanding			34,782			30,082
Additional paid-in capital			7,042,536			4,858,773
Accumulated deficit			(9,365,150	)		(7,038,891	)
Total stockholders’ deficit			(2,287,832	)		(2,150,036	)
		$	483,687		$	293,505

 

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