| HOME >> BIOLOGY >> TECHNOLOGY |
Merger cost - - 1,964,065
Total operating expenses 8,570,366 6,327,616 33,778,403
Loss from operations (8,570,366) (6,320,116) (33,118,913)
Change in fair value of
warrant liability - - 831,288
Interest income 495,747 347,687 1,564,163
Interest expense (61,912) (26,527) (298,929)
Other income (expense) (15,616) - 129,281
(8,152,147) (5,998,956) (30,893,110)
Loss before income tax
Income tax provision (3,256) (2,400) (12,258)
$(8,155,403) $(6,001,356) $(30,905,368)
Net loss
Basic and diluted net loss
per common share $ (0.11) $ (0.09) $ (0.78)
Shares used in computing
basic and diluted
net loss per common share 76,343,649 63,388,724 39,407,904
Bionovo, Inc.
(A Development Stage Company)
Condensed Balance Sheets
June 30, December 31,
2008 2007
(Unaudited) (Note 1)
ASSETS
Current assets:
Cash and cash equivalents $11,918,365 $28,472,485
Short-term investments 12,698,636 4,823,938
Receivables 136,904 285,899
Prepaid expenses and other current assets 1,027,786 405,381
Total current assets 25,781,691 33,987,70
'/>"/>
| SOURCE Bionovo, Inc. Copyright©2008 PR Newswire. All rights reserved |