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Organovo Reports Q3 2012 Financial Results, Provides Business Update



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




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




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$


$   (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


158,366Depreciation and amortization116,828


273,156Amortization of debt discount896,167


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


495,392Fair value of warrant liabilities in excess of


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

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


1,301,478Amortization of warrants issued for services


36,054Warrants issued in connection with exchange


527,629Increase (decrease) in cash resulting from

changes in:Accounts receivable—

—Grants receivable





(619,874)Prepaid expe

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