SAN DIEGO, April 3, 2007 (PRIME NEWSWIRE) -- MicroIslet, Inc. (AMEX:MII) announced that it filed its Annual Report on Form 10-KSB for the year ended December 31, 2006, with the Securities and Exchange Commission yesterday. The Company reported a net loss of $10.7 million in 2006 compared to $8.5 million in 2005. Grant revenue of $631,000 in 2006 and $153,000 in 2005 consisted entirely of research grants.