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Organovo Reports Q3 2012 Financial Results, Provides Business Update

nses and other assets(53,490)


(146,496)Accounts payable(596,213)


61,347Accrued expenses392,196


830,033Deferred revenue



75,000Net cash used in operating activities(7,713,708)


(11,043,982)Cash Flows From Investing ActivitiesRestricted cash deposits(88,321)

(88,321)Purchases of fixed assets(255,750)


(682,573)Purchases of intangible assets—


(95,000)Net cash used in investing activities(344,071)


(865,894)Cash Flows From Financing ActivitiesProceeds from issuance of convertible notes payable—


4,630,000Proceeds from issuance of common stock and warrants15,491,075

15,491,075Proceeds from exercise of stock options


17,925Proceeds from issuance of related party notes payable—


250,000Principal payments on capital lease obligations


(4,663)Repayment of related party notes payable—


(250,000)Repayment of convertible notes and interest payable(110,247)

(110,247)Deferred financing costs—


(438,296)Net cash provided by financing activities15,394,090


19,585,794Net Increase (Decrease) in Cash and Cash Equivalents7,336,311


7,675,918Cash and Cash Equivalents at Beginning of Period339,607


—Cash and Cash Equivalents at End of Period$



SOURCE Organovo Holdings, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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