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Cempra, Inc. Reports Fourth Quarter and Full Year 2012 Financial and Operating Results

e price we are able realize for those products; our ability to retain and hire necessary employees and to staff our operations appropriately; our ability to compete in our industry; innovation by our competitors; and our ability to stay abreast of and comply with new or modified laws and regulations that currently apply or become applicable to our business.  The reader is referred to the documents that we file from time to time with the Securities and Exchange Commission.CEMPRA, INC.
SELECTED FINANCIAL INFORMATIONCondensed Consolidated Balance Sheets(in thousands)December 31,December 31, 20122011ASSETSCurrent assetsCash and equivalents

5,602Prepaid expenses

265284Deferred offering expenses

-881Total current assets

70,37416,767Furniture, fixtures and equipment, net


32110Total assets

,859LIABILITIESCurrent liabilitiesAccounts payable

2,981Accrued expenses

342545Accrued payroll and benefits

604421Warrant liability

-1,121Current portion of long-term debt

Total current liabilities

5,3455,068Convertible notes payable


SOURCE Cempra, Inc.
Copyright©2012 PR Newswire.
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