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Helix BioPharma Announces Q3 2009 Financial Results and Provides Product Development Update
Date:6/15/2009

apital and intangible assets

Amortization of capital assets in the three and nine month period ended April 30, 2009 totaled $64,000 and $191,000 respectively (three and nine month periods ended April 30, 2008: $61,000 and $190,000 respectively).

Amortization of intangible assets in the three and nine month periods ended April 30, 2009 totaled $3,000 and $9,000 respectively (three and nine month periods ended April 30, 2008: $3,000 and $13,000 respectively).

Stock-based compensation

Stock-based compensation expense in the three and nine month periods ended April 30, 2009 totaled $234,000 and $865,000 respectively (three and nine month periods ended April 30, 2008: $12,000 and $36,000 respectively). The stock-based compensation expense in the three and nine month periods ended April 30, 2009 relate to the ongoing amortization of compensation costs of 2,070,000 stock options granted on December 17, 2008 over their vesting period. The stock options vested 25% on the date of grant and 25% at each anniversary date thereafter. The stock-based compensation expense in the three and nine month periods ended April 30, 2008 relate to the amortization of compensation costs of stock options granted on June 30, 2005 over their vesting period. These options were fully vested as of July 31, 2008.

Interest income

Interest income in the three and nine month periods ended April 30, 2009 totaled $27,000 and $332,000 respectively (three and nine month periods ended April 30, 2008: $180,000 and $465,000 respectively). The decrease in interest income in the three and nine month periods ended April 30, 2009 reflects lower interest rates earned on deposits resulting from the global financial crisis.

Foreign exchange loss

The Company realized foreign exchange losses in the three and nine month periods ended April 30, 2009 of $67,000 and $199,000 respectively (A
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SOURCE Helix BioPharma Corp.
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