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Organovo Reports Q3 2012 Financial Results, Provides Business Update

>79,874Total current assets8,228,092

1,030,205Fixed Assets - Net605,920

278,208Restricted Cash88,321

—Other Assets 120,890

100,419Total assets$

,408,832Liabilities and Stockholders' DeficitCurrent LiabilitiesAccounts payable$

57,560Accrued expenses830,033

437,837Deferred revenue75,000

152,500Capital lease obligation, current portion


—Accrued interest payable—

24,018Convertible notes payable, current portion—

703,833Total current liabilities976,225

1,975,748Capital lease obligation, net current portion19,712

—Warrant Liabilities35,471,527

1,266,869Total liabilities$36,467,464

3,242,617Commitments and Contingencies Stockholders' DeficitCommon stock, $0.001 par value; 150,000,000

shares authorized, 43,772,483 and 22,445,254

issued and outstanding at September 30, 2012

and December 31, 2011, respectively46,969

22,445Additional paid-in capital13,208,039

4,835,326Deficit accumulated during the development stage(40,679,249)

(6,691,556)Total stockholders' deficit


(1,833,785)Total Liabilities and Stockholders' Deficit$

,408,832 Organovo Holdings, Inc.(A development stage company)Unaudited Condensed Consolidated Statements of OperationsThree Months EndedSeptember 30, 2012  

Three Months EndedSeptember 30, 2011  

Nine Months EndedSeptember 30, 2012  

Nine Months EndedSeptember 30, 2011  

Period fromApril 19, 2007(Inception)throughSeptember 30, 2012 RevenuesProduct$








SOURCE Organovo Holdings, Inc.
Copyright©2012 PR Newswire.
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