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Pharmasset Reports Financial Results for Quarter Ended March 31, 2008
Date:5/15/2008

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Total equipment and leasehold

improvements, net 2,986,503 2,862,120

OTHER ASSETS 267,163 1,282,051

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TOTAL $69,872,557 $75,844,399

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LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Current portion of long-term debt $287,481 $ -

Current portion of capital lease

obligation 122,762 159,440

Accounts payable 1,709,112 3,281,600

Accrued expenses 3,845,332 5,513,407

Deferred rent 124,462 124,462

Deferred revenue 1,857,136 1,857,136

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Total current liabilities 7,946,285 10,936,045

DEFERRED RENT 142,194 204,256

NON CURRENT PORTION OF CAPITAL LEASE

OBLIGATION - 41,641

DEFERRED REVENUE 4,797,548 5,726,131

LONG-TERM DEBT, net 18,671,040 -

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Total liabilities 31,557,067 16,908,073

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COMMITMENTS

STOCKHOLDERS' EQUITY

Common Stock, $0.001 par value,

100,000,000 shares authorized,

21,531,980 and 21,232,991 shares issued and

outstanding at
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SOURCE Pharmasset, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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