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Pharmasset Reports Fiscal Second Quarter 2009 Financial Results
Date:5/11/2009

ES: Current portion of long-term debt $5,774,058 $2,651,592 Current portion of capital lease obligation - 41,641 Accounts payable 1,339,109 2,466,052 Accrued expenses 7,417,493 6,182,417 Deferred rent 124,463 124,463 Deferred revenue 1,857,136 1,857,136 --------- --------- Total current liabilities 16,512,259 13,323,301 DEFERRED RENT 17,732 79,793 DEFERRED REVENUE 2,940,382 3,868,965 LONG-TERM DEBT, net 16,291,594 16,522,665 ---------- ---------- Total liabilities 35,761,967 33,794,724 ---------- ---------- COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Common Stock, $0.001 par value, 100,000,000 shares authorized, 28,111,991 and 23,340,498 shares issued and outstanding at March 31, 2009 (unaudited) and September 30, 2008, respectively 28,112 23,340 Warrants to purchase 127,248 and 116,183 shares of common stock for $12.05 per share, as of March 31, 2009, (unaudited) and September 30, 2008, respectively 1,229,767 1,140,114 Additional paid-in capital 192,201,947 145,818,439 Accumulated other comprehensive (loss) income - (2,604) Accumulated deficit (145,539,550) (111,791,944) ------------ ----
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SOURCE Pharmasset, Inc.
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