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Organovo Reports Q3 2012 Financial Results, Provides Business Update
Date:11/16/2012

.07)

$
(0.86)

$
(0.16)Weighted average shares used in computing net income (loss) per common share - basic

44,099,554

12,262,691

39,349,681

11,537,879Weighted average shares used in computing net income (loss) per common share -  diluted

55,849,360

12,262,691

39,349,681

11,537,879 Organovo Holdings, Inc.(A development stage company)Unaudited Condensed Consolidated Statements of Cash Flows Nine Months EndedSeptember 30, 2012 Nine Months EndedSeptember 30, 2011 Period fromApril 19, 2007(Inception)throughSeptember 30, 2012Cash Flows From Operating ActivitiesNet loss$
(33,987,693)

$
(1,884,307)

$   (40,679,249)Adjustments to reconcile net loss to net cash used

in operating activities:Amortization of deferred financing costs318,843

438,296Loss on disposal of fixed assets

158,366

158,366Depreciation and amortization116,828

49,929

273,156Amortization of debt discount896,167

97,565

2,083,735Interest accrued on convertible notes payable11,616

196,680

495,392Fair value of warrant liabilities in excess of
proceeds

19,019,422

19,019,422Change in fair value of warrant liabilities5,190,637

5,197,206Stock-based compensation1,284,529

2,596

1,301,478Amortization of warrants issued for services

36,054

36,054Warrants issued in connection with exchange

agreement

527,629Increase (decrease) in cash resulting from

changes in:Accounts receivable—

—Grants receivable

(95,477)

59,744

(95,477)Inventory(327,993)

(212,395)

(619,874)Prepaid expe
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SOURCE Organovo Holdings, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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