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Biodel Inc. Reports Fourth Quarter and Fiscal Year 2007 Financial Results
Date:12/11/2007

September 30,

2006 2007

ASSETS

Current:

Cash and cash equivalents $17,539 $80,022

Prepaid and other assets 79 505

Total current assets 17,618 80,527

Property and equipment, net 644 1,717

Intellectual property, net 208 262

Deferred public offering costs 189 -

Total assets $18,659 $82,506

LIABILITIES AND STOCKHOLDERS' EQUITY

Current:

Accounts payable $1,357 $2,187

Accrued expenses:

Clinical trial expenses - 1,164

Payroll and related 186 822

Accounting and legal fees - 335

Other 255 680

Income taxes payable 13 95

Due to related party 250 -

Deferred compensation 250 -

Total current liabilities 2,311 5,283

Commitments

Stockholders' equity:

Preferred stock, $.01 par value; 50,000,000 shares

authorized:

Series A convertible preferred stock, 1,050,000 shares

authorized, 569,000 and 0 shares issued

and outstanding, respectively, with a liquidation

preference of $2,845 and an 8% non-cumulative

dividend 6 -


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SOURCE Biodel Inc.
Copyright©2007 PR Newswire.
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