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Advanced Life Sciences Announces First Quarter 2009 Financial Results and Financial Outlook
Date:5/12/2009

and outstanding at December 31, 2008 432,592 408,109 Additional paid-in capital 110,093,540 109,601,807 Deficit accumulated during the development stage (124,670,680) (122,387,457) Noncontrolling interest in subsidiary - - --- --- Total stockholders' equity (deficit) (14,144,548) (12,377,541) ----------- ----------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $1,470,174 $2,820,053 ========== ========== ADVANCED LIFE SCIENCES HOLDINGS, INC. AND SUBSIDIARY (A Development Stage Company) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) ----------- Period From Three months ended Inception March 31, (January 1, 1999) ------------------ Through 2009 2008 March 31, 2009 ---- ---- --------------- Revenue: Management fees $- $- $1,161,180 Grants 411,485 - 1,687,886 Royalty-related party - - 45,238 --- --- ------ Total revenue 411,485 - 2,894,304 ------- --- --------- Expenses: Research and development 934,769 1
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SOURCE Advanced Life Sciences Holdings, Inc.
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