MannKind Corporation Reports Third Quarter Financi...(nt credit exchange ...),Health

exchange - 831

Prepaid expenses and other current assets 7,709 9,596

Total current assets 102,942 378,712

Property and equipment - net 225,515 162,683

State research and development credit exchange

receivable - net of current portion 2,625 1,500

Other assets 550 548

Total $331,632 $543,443

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $19,992 $35,463

Accrued expenses and other current liabilities 36,087 32,095

Total current liabilities 56,079 67,558

Senior convertible notes 112,128 111,761

Other liabilities - 24

Total liabilities 168,207 179,343

Commitments and contingencies

Stockholders' equity:

Undesignated preferred stock, $0.01 par

value - 10,000,000 shares authorized; no shares

issued or outstanding at September 30, 2008 and

December 31, 2007 - -

Common stock, $0.01 par value - 150,000,000 shares

authorized; 101,710,590 and 101,380,823 shares

issued and outstanding at September 30, 2008 and

December 31, 2007, respectively 1,017 1,014

Additional paid-in capital 1,463,191 1,444,125

Deficit accumulated during the development

stage (1,300,783) (1,081,039)

Total stockholders' equity 163,42
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