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GeneNews announces 2007 year end results




Cash and cash equivalents 11,279,030 20,593,568

Short-term investment 400,000 -

Accounts receivable 1,582,242 135,315

Investment tax credits recoverable 1,038,199 796,900

Prepaid expenses and deposits 512,914 685,819


Total current assets 14,812,385 22,211,602


Property, plant and equipment, net 3,635,245 1,645,488

Intellectual property, net 400,380 842,528


18,848,010 24,699,618





Accounts payable and accrued liabilities 1,699,153 1,821,355

Deferred revenue 1,204,305 -

Current portion of long-term debt 585,903 102,549


Total current liabilities 3,489,361 1,923,904


Long-term debt 1,280,916 -

Long-term portion of deferred revenue 401,371 -


Total liabilities 5,171,648 1,923,904

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

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