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MiddleBrook Pharmaceuticals Reports Third Quarter 2008 Financial Results
Date:11/13/2008

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $74,343 $1,952

Marketable securities 8,927 -

Accounts receivable, net 577 688

Inventories, net 419 688

Prepaid expenses and other current assets 1,565 1,142

Total current assets 85,831 4,470

Property and equipment, net 3,637 10,929

Restricted cash 872 872

Deposits and other assets 426 175

Intangible assets, net 11,691 7,220

Total assets $102,457 $23,666

LIABILITIES, NONCONTROLLING INTEREST AND

STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:

Accounts payable $2,591 $1,660

Accrued expenses 4,945 5,613

Total current liabilities 7,536 7,273

Warrant liability - 2,100

Deferred contract revenue 11,625 11,625

Deferred rent and credit on lease concession 955 1,178

Total liabilities 20,116 22,176

Noncontrolling interest - 7,338

Commitments and contingencies

Stockholders' equity (deficit):

Preferred stock, $0.01 par value; 25,000

shares authorized, no shares issued or

outstanding at September 30, 2008 and

December 31, 2007
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SOURCE MiddleBrook Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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