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Cadus Reports Third Quarter 2009 Results
Date:11/16/2009

2009 2008 ------------ ------------ (Unaudited) (Audited) Current assets: Cash and cash equivalents $23,123,222 $19,236,212 Short term investments 1,053,467 5,048,775 Interest receivable 4,706 13,116 Prepaid and other current assets 42,654 14,090 ------------ ------------ 24,224,049 24,312,193 Total current assets 194,190 193,718 Investment in other ventures Patents, net 399,576 464,401 ------------ ------------ Total assets $24,817,815 $24,970,312 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY ------------------------------------ Current liabilities: Accrued expenses and other current liabilities $20,209 $15,055 ----------- ----------- Total current liabilities 20,209 15,055 ----------- ----------- Commitments Stockholders' equity: Common stock 132,857 132,857 Additional paid-in capital 59,847,443 59,847,443 Accumulated deficit (34,882,619) (34,724,968) Treasury stock - at cost (300,075) (300,075) -----------
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