PositiveID Corp., which carrying a mounting deficit, just issued three notes for a combined $234,500 in order to raise working capital.

The Delray Beach, Florida-based company, which operates through subsidiary MicroFluidic Systems, develops molecular diagnostic systems for bio-threat detection, diagnostic testing and other biological threats. The company developed a product called M-Band (Microfluidic Bio-agent Autonomous Networked Detector), which is a system for the homeland defense industry to detect biological weapons of mass destruction. PositiveID is also developing a product called Firefly Dx, which is a handheld automated pathogen detection system.

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