Cornerstone Therapeutics Reports Year Ended December 31, 2008 Financi...(uipment net 895 ...)

Date:3/26/2009

uipment, net 895 209 Product rights, net 17,702 4,936 Goodwill 13,231 - Amounts due from related parties 38 29 Deposits 46 33 Total assets $69,889 $15,909 Liabilities and Stockholders' Equity (Deficit) Current liabilities: Accounts payable $10,288 $2,214 Accrued expenses 19,052 11,092 Current portion of license agreement liability 2,543 647 Line of credit - 1,750 Income taxes payable 2,937 130 Total current liabilities 34,820 15,833 Long-term liabilities: License agreement liability, less current portion 2,313 2,959 Note payable, related party - 9,412 Deferred income tax liability 3,330 - Total long-term liabilities 5,643 12,371 Total liabilities 40,463 28,204 Commitments and contingencies Stockholders' equity (deficit) Preferred stock - $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding - - Common stock - $0.001 par value, 90,000,000 shares authorized; 12,023,747 and 5,934,496 shares issued and outstanding as of December 31, 2008 and December 31, 2007, respectively 12 6 Additional paid-in capital 33,519 797 Accumulated deficit
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