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MiddleBrook Pharmaceuticals Reports First Quarter 2008 Results

ets 794,257 1,142,905

Total current assets 19,889,618 4,470,340

Property and equipment, net 9,928,402 10,928,659

Restricted cash 872,180 872,180

Deposits and other assets 132,324 174,965

Intangible assets, net 6,930,232 7,219,651

Total assets $37,752,756 $23,665,795



Current liabilities:

Accounts payable $2,121,411 $1,659,752

Accrued expenses 4,690,212 5,613,544

Total current liabilities 6,811,623 7,273,296

Warrant liability 9,540,000 2,100,000

Deferred contract revenue 11,625,000 11,625,000

Deferred rent and credit on

lease concession 1,151,173 1,177,840

Total liabilities 29,127,796 22,176,136

Noncontrolling interest 7,094,906 7,337,811

Commitments and contingencies

Stockholders' equity (deficit):

Preferred stock,

undesignated - -

Common stock, par value 559,706 467,488

Capital in excess of par

value 210,104,678 189,019,188

Accumulated deficit (209,134,330) (195,334,828)

Total stockholders' equity

(deficit) 1,530,054 (5,848,152)

Total liabilities and

stockholders' equity $37,7

SOURCE MiddleBrook Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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