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GeneNews Announces Second Quarter Results
Date:8/7/2008

s at

June 30 December 31

2008 2007

$ $

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ASSETS

Current

Cash and cash equivalents 6,688,727 11,279,030

Short-term investment 400,000 400,000

Accounts receivable 720,759 1,582,242

Investment tax credits recoverable 170,477 1,038,199

Prepaid expenses and deposits 455,330 512,914

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Total current assets 8,435,293 14,812,385

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Property, plant and equipment, net 3,507,339 3,635,245

Intellectual property, net 182,010 400,380

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12,124,642 18,848,010

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LIABILITIES AND SHAREHOLDERS' EQUITY

Current

Accounts payable and accrued liabilities 1,682,135 1,699,153

Deferred revenue 1,022,953 1,204,305

Current portion of long-term debt 595,582 585,903

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Total current liabilities 3,300,670 3,489,361

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SOURCE GeneNews Limited
Copyright©2008 PR Newswire.
All rights reserved

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