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Interleukin Heredity Reports 2nd Quarter 2011 Fiscal Results.Interleukin Heredity Reports 2nd Quarter 2011 Fiscal Results
PR Newswire
WALTHAM, Mass., August. A dozen, 2011
WALTHAM, Mass., August. A dozen, 2011 /PRNewswire/ -- Interleukin Heredity, Inc. (OTCQB: ILIU) this era exclaimed fiscal and operational results for the 2nd quarter finished June 30, 2011.
Over all hard cash for the 3 months finished June 30,. The rise was caused by finer hereditary try on hard cash.
, 2011,. The rise is mainly caused by grown consulting outgoings and is offset by declined recompense and facility operating costs.
Merchandising, general,, 2011,. The lessen was mainly caused by cut back recompense, experienced outgoings, and promo expenditures partially offset by grown patent-related lawful outgoings and sales commissions paid to Amway.
"We're contented to show kept on hard cash maturation mainly driven by partnerships for our Weight Leadership Hereditary Try on and Wellness Choose merger product. The unveiling of our new online based items has substantially broadened the Weight Leadership Hereditary Try on and we seem to stick to produce informations to be in a position to post our results," mentioned Lewis H. Bender, Chief executive officer, Interleukin Heredity, Inc. "As well as that, the enrollment in our lab learn with Renaissance Health and the College of Michigan is proceeding attractively with above 3,000 patients enlisted thus far. Eventually, we're crazy about our new research correlation with Metagenics exclaimed this quarter to detect biomarkers for their weight leadership product Meta-060."
Conference Call and Webcast Info
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About Interleukin Heredity, Inc.
Interleukin Heredity, Inc. (OTCQB: ILIU) builds and promotes a queue of hereditary exams beneath the Inherent Health[R] brand. The goods enable people to hinder sure continual conditions and handle their current health and fitness through genetic-based insights with actionable direction. Interleukin Heredity leverages its research, highbrow property and hereditary panel development capability in metabolic process and muscle soreness to facilitate the emerging individualized healthcare superstore. Interleukin Genetics' flagship commodities contain its proprietary PST[R] hereditary jeopardy panel for periodontal malady and tooth deficits susceptibility sold through dentists, and the Inherent Health Weight Leadership Hereditary Try on which specifies the most beneficial diet and fitness routine for a unique based on heredity. Interleukin Heredity is headquartered in Waltham, Mass. and operates an on-site, state of the art DNA testing lab qualified beneath the Lab Lab Betterment Amendments (CLIA). For more info,.
Sure statements incorporated herein are "forward-looking" statements, consisting of statements with regards to the certainly likely for e-newsletter of research results. Since such statements contain dangers and doubts, factual results could vary materially from those reported or meant by such forward-looking statements. Factors which may bring on factual results to vary materially from those reported or meant by such forward-looking statements contain, but aren't limited by, those dangers and doubts described within the Firm’s yearly report on Form 10-K for the 365 days finished Dec 31, 2010 and other filings with the Securities and Transfer Commission. The Business enterprise disclaims any legal responsibility or intention to up-date these forward-looking statements.
INTERLEUKIN Heredity, INC.
Fiscal HIGHLIGHTS
Balance Sheet Informations : (Unaudited)
June 30,
Dec 31, that lung
2011
2010
Money and money equivalents
$ 1,713,976
$ 3,999,029
Over all existing possessions
$ 2,452,123
$ 4,752,790
Over all possessions
$ 3,473,118
$ 5,975,000
Over all existing liabilities
$ 12,451,261 day nit
$ 1,633,096
Over all liabilities
$ 12,451,261
$ 12,633,096
Over all shareholders' shortfall
$ (8,978,143)
$ (6,658,096)
Over all liabilities and shareholders' shortfall
$ 3,473,118
$ 5,975,000
Declaration of Operations Informations (Unaudited):
3 months Finished June 30,
6 months Finished June 30,
2011
2010 day nit
2011
2010
Hard cash:
Hereditary testing hard cash
$ 779,116
$ 563,540
$ 1,498,563
$ 929,451
Other
17,749
9,412
17,787
12,211
Over all hard cash
796,865
572,952
1,516,350
941,662
Cost of Hard cash
438,464
431,616
796,053
845,023
Gross money in (deficits)
358,401
141,336
720,297
96,639
Operating costs and expenditures:
Research and development
359,799
325,298
664,618
742,295
Merchandising, general and executive
1,253,143
1,615,295
2,455,598
3,041,566
Amortization of intangibles
28,863
28,863
57,726
57,726
Over all operating expenditures
1,641,805
1,969,456
3,177,942
3,841,587
Deficits from operations
(1,283,404)
(1,828,120)
(2,457,645)
(3,744,948) day nit
Over all other hard cash and (expense), internet
(87,229)
(47,519)
(168,699)
(113,826)
Deficits from continuing operations
before hard cash taxes
(1,370,633)
(1,875,639)
(2,626,344)
(3,858,774)
Hard cash taxes
-
-
-
-
Deficits from continuing operations
$ (1,370,633)
$ (1,875,639)
$ (2,626,344)
$ (3,858,774)
Hard cash from discontinued Operations,
internet of hard cash taxes
158,366
482,530
158,366
482,530
Internet deficits
$ (1,212,267)
$ (1,393,109)
$ (2,467,978)
$ (3,376,244)
Rudimentary and diluted internet (deficits) hard cash for each
normal share from:
Continuing operations
$
$
(
(
Discontinued operations
Internet deficits
$
$
(
(
rudimentary and diluted
36,650,158
36,509,762
36,634,173
34,833,778
Interleukin Advertising:
Interleukin Shareholders:
Jon Siegal / Kirsten Fallon
Eliot Lurier
Schwartz Communications
Interleukin Heredity, Inc.
SOURCE Interleukin Heredity, Inc.
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