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MiddleBrook Pharmaceuticals Reports Third Quarter 2007 Results
Date:11/14/2007

Current liabilities:

Accounts payable $2,991,269 $2,285,736

Accrued expenses and advances 5,898,096 7,817,224

Lines of credit and short-term debt 4,888,889 6,888,889

Note payable - 75,000

Deferred product revenue - 189,000

Total current liabilities 13,778,254 17,255,849

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

Deferred rent and credit on

lease concession 1,204,506 1,252,900

Total liabilities 26,607,760 30,133,749

Commitments and contingencies

Stockholders' equity:

Preferred stock, undesignated - -

Common stock, par value 466,955 363,625

Capital in excess of par value 189,008,385 164,593,930

Accumulated deficit (186,283,158) (153,085,462)

Accumulated other comprehensive

income (loss) 256 (73)

Total stockholders' equity 3,192,438 11,872,020

Total liabilities and

stockholders' equity $29,800,198 $42,005,769

MIDDLEBROOK PHARMACEUTICALS, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended September 30,

2007 2006

Cash flows from operating activities:

Net loss $(33,197,696) $(28,220,059)

Adjustments to reconcile net

income to net cash used

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SOURCE MiddleBrook Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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