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Peregrine Pharmaceuticals Reports Financial Results for Fiscal Year 2008
Date:7/14/2008

d other current assets 1,208,000 1,188,000

Total current assets 19,843,000 19,898,000

PROPERTY:

Leasehold improvements 669,000 646,000

Laboratory equipment 4,140,000 3,533,000

Furniture, fixtures and computer equipment 919,000 873,000

5,728,000 5,052,000

Less accumulated depreciation and

amortization (3,670,000) (3,212,000)

Property, net 2,058,000 1,840,000

Other assets 1,156,000 1,259,000

TOTAL ASSETS $23,057,000 $22,997,000

-continued-

PEREGRINE PHARMACEUTICALS, INC.

CONSOLIDATED BALANCE SHEETS

AS OF APRIL 30, 2008 AND 2007 (continued)

2008 2007

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accounts payable $2,060,000 $1,683,000

Accrued clinical trial site fees 237,000 228,000

Accrued legal and accounting fees 450,000 392,000

Accrued royalties and license fees 222,000 337,000

Accrued payroll and related costs 1,084,000 874,000

Notes payable, current portion - 379,000

Capital lease obligation, current portion 22,000 17,000

Deferred revenue 2,196,000 1,060,000

Customer deposits 838,000 585,000

Other current liabilities 331,000 300,000

Total current liabilities 7,440,000 5,855,000 '/>"/>

SOURCE Peregrine Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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