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Synthetic Biologics Reports Third Quarter 2012 Financial Results

filings with the SEC. The information in this release is provided only as of the date of this release, and Synthetic Biologics undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

 Synthetic Biologics, Inc. and Subsidiaries(in thousands, except share data)Condensed Consolidated Balance SheetsSeptember 30,December 31,20122011(Unaudited)(Audited)AssetsCash

,678Accounts receivable, net


15116Assets of discontinued operations

-23Property and equipment, net

249323Long-term note receivable

700-Deposits and other assets

2731Total assets

7,476Liabilities and Stockholders' EquityCurrent liabilities

417Stockholders' equity

5,4097,059Total liabilities and stockholders' equity

7,476 Condensed Consolidated Statements of Operations (Unaudited)For the three months ended
September 30,For the nine months ended
September 30,2012201120122011Operating Costs and ExpensesGeneral and administrative

2,339Research and development

7632891,696801Total operating costs and expenses

1,8368715,4133,140Loss from Continuing Operations(1,836)(871)(5,413)(3,140)Other Income (Expense)Warrant expense  

---(1,492)Change in fair value of warrant liability

-(165)-(242)Other income (expense)

1062255Total other income (expense), net

10(159)22(1,679)Loss from Continuing Operations(1,826)(1,030)(5,391)(4,819)Income (Loss) from Discontinued Operations(104)(68)389(145)Net Loss and Comprehensive Loss$
(4,964)Net Income (Loss) Per Share - Basic and DilutiveContinuing Operations

(0.18)Discontinued Oper

SOURCE Synthetic Biologics, Inc.
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