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MiddleBrook Pharmaceuticals Reports Second Quarter 2008 Results
Date:8/14/2008

5,613,544

Total current liabilities 6,812,932 7,273,296

Warrant liability 7,860,000 2,100,000

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

Deferred rent and credit on lease

concession 990,746 1,177,840

Total liabilities 27,288,678 22,176,136

Noncontrolling interest 7,157,781 7,337,811

Commitments and contingencies

Stockholders' equity (deficit):

Preferred stock, undesignated - -

Common stock, par value 560,763 467,488

Capital in excess of par value 210,523,235 189,019,188

Accumulated deficit (212,841,581) (195,334,828)

Accumulated other comprehensive

income 373 -

Total stockholders' equity

(deficit) (1,757,210) (5,848,152)

Total liabilities,

noncontrolling interest and

stockholders' equity (deficit) $32,689,249 $23,665,795

MIDDLEBROOK PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Six Months Ended June 30,

2008 2007

Cash flows from operating activities:

Net loss $(17,506,753) $(23,140,917)

Adjustments to reconcile net income

to net cash in operating

activities:

Loss attributable to

noncontrolling interest (180,030) -

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

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