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ImaRx Therapeutics Reports Business Update and Financial Results for Fourth Quarter and Full Year 2007
Date:3/31/2008

16,060 11,138

Inventory subject to return 445 2,560

Prepaid expenses and other 539 589

Total current assets 21,876 27,885

Long-term assets:

Property and equipment, net 917 1,170

Intangible assets, net 2,500 1,633

Other assets - 19

Total assets $25,293 $30,707

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:

Accounts payable $1,413 $1,277

Accrued expenses 851 837

Accrued chargebacks and administrative fees 385 1,317

Deferred revenue 955 5,373

Notes payable 15,615 11,698

Total current liabilities 19,219 20,502

Other long-term liability 219 -

Total liabilities 19,438 20,502

Total redeemable convertible preferred stock 35,863 -

Total stockholders' equity (deficit) (30,008) 10,205

Total liabilities and stockholders' equity (deficit) $25,293 $30,707

Contacts:

The Ruth Group (Investors/Media)

Sara Ephraim/Jason Rando

sephraim@theruthgroup.com

jrando@theruthgroup.com


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SOURCE ImaRx Therapeutics, Inc.
Copyright©2008 PR Newswire.
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