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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;b&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Description

      of Company and Basis of Presentation&lt;/b&gt;&lt;/font&gt;

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;GeoVax

      Labs, Inc. (&amp;#8220;GeoVax&amp;#8221; or the

      &amp;#8220;Company&amp;#8221;), is a biotechnology company developing

      vaccines for the prevention and treatment of Human

      Immunodeficiency Virus (&amp;#8220;HIV&amp;#8221;) infections. HIV

      infections result in Acquired Immunodeficiency Syndrome

      (&amp;#8220;AIDS&amp;#8221;). We have exclusively licensed from Emory

      University (&amp;#8220;Emory&amp;#8221;) vaccine technology which was

      developed in collaboration with the National Institutes of

      Health (&amp;#8220;NIH&amp;#8221;) and the Centers for Disease

      Control and Prevention (&amp;#8220;CDC&amp;#8221;). GeoVax is

      incorporated under the laws of the State of Delaware and our

      principal offices are located in Smyrna, Georgia

      (metropolitan Atlanta area).&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA963"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Our

      most advanced vaccines under development address the clade B

      subtype of the HIV virus that is most prevalent in the United

      States and the developed world. Our vaccines are being

      evaluated to determine their potential to (a) prevent HIV

      infection and (b) to serve as a therapy for individuals who

      are already infected with HIV. These vaccines are currently

      being evaluated in human clinical trials.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA965"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;GeoVax

      is devoting all of its present efforts to research and

      development and is a development stage enterprise as defined

      by Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;)

      Accounting Standard Codification (&amp;#8220;ASC&amp;#8221;) Topic

      915, &amp;#8220;&lt;i&gt;Development Stage Entities&amp;#8221;&lt;/i&gt;. We have

      funded our activities to date almost exclusively from equity

      financings and government grants, and we will continue to

      require substantial funds to continue these activities. We

      anticipate that our existing cash resources, combined with

      the proceeds from the NIH grants discussed in Note 7, will be

      sufficient to fund our planned activities into the first

      quarter of 2014. In order to meet our future operating cash

      flow requirements, we intend to conduct additional offerings

      of our equity securities, debt or convertible debt

      instruments. We are also seeking additional funding for our

      vaccine development programs through government grants and

      clinical trial support.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA967"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      accompanying financial statements at June 30, 2013 and for

      the three and six month periods ended June 30, 2013 and 2012

      are unaudited, but include all adjustments, consisting of

      normal recurring entries, which we believe to be necessary

      for a fair presentation of the dates and periods presented.

      Interim results are not necessarily indicative of results for

      a full year. The financial statements should be read in

      conjunction with our audited financial statements included in

      our Annual Report on Form 10-K for the year ended December

      31, 2012. Our operating results are expected to fluctuate for

      the foreseeable future; therefore, period-to-period

      comparisons should not be relied upon as predictive of the

      results in future periods.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA969"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;We

      disclosed in Note 2 to our financial statements included in

      our Annual Report on Form 10-K for the year ended December

      31, 2012 those accounting policies that we consider

      significant in determining our results of operations and

      financial position. There have been no material changes to,

      or in the application of, the accounting policies previously

      identified and described in the Form 10-K.&lt;/font&gt;

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