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Celsion Reports Third Quarter 2010 Financial Results and Provides Business Update
Date:11/15/2010

ember 31, 2009Current assetsCash and cash equivalents

$

1,824

$

6,924Short term investments1,3805,695Refundable income taxes-806Prepaid expenses and other receivables460695Total current assets3,66414,120Property and equipment 417537Other assetsDeposits 7797Other assets 4551Total other assets122148Total assets$

4,203

$

14,805LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilitiesAccounts payable

$

2,742

$

2,191Other accrued liabilities1,9861,452Note payable - current portion119108Total current liabilities4,8473,751Common stock warrant liability110822Other liabilities – noncurrent89197Total liabilities5,0464,770Stockholders' equityCommon stock, $0.01 par value (75,000 shares authorized; 13,508 and 12,895 shares issued and 12,748 and 12,135 shares outstanding at September 30, 2010 and December 31, 2009, respectively)135129Additional paid-in capital97,75595,035Accumulated other comprehensive (loss) income(44)68Accumulated deficit(95,612)(82,120)  Subtotal2,23413,112Less: Treasury stock - at cost(3,077)(3,077)Total stockholders' equity(843)10,035Total liabilities and stockholders' equity

$

4,203

$

14,805
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SOURCE Celsion Corporation
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