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Pharmos Corporation Reports 2009 Second Quarter Results
Date:8/12/2009

une 30, June 30, ------------------------ ------------------------ 2009 2008 2009 2008 ----------- ----------- ----------- ----------- Expenses Research and development $1,204,657 $2,129,793 $3,219,077 $4,908,027 In-process research & development Vela milestone - - 1,180,000 - General and administrative 424,796 454,065 759,545 1,250,989 Depreciation and amortization 2,127 30,109 4,253 64,661 ----------- ----------- ----------- ----------- Total operating expenses 1,631,580 2,613,967 5,162,875 6,223,677 ----------- ----------- ----------- ----------- Loss from operations (1,631,580) (2,613,967) (5,162,875) (6,223,677) ----------- ------------ ------------ ------------ Other (expense) income Debt conversion expense (596,104) - (596,104) - Interest income 2,087 64,392 7,373 195,092 Interest expense (47,092) (123,852) (166,930) (246,714) Other income (expense) 22,189 5,869 (10,416) 12,858 ----------- ----------- ----------- ----------- Other expense, net (618,920) (53,591) (766,077) (38,764) ----------- ----------- ----------- ----------- Net loss ($2,250,500) ($2,667,558) ($5,928,952) ($6,262,441) =========== =========== =========== =========== Net income (loss) per share - basic and diluted ($0.05) ($0.10) ($0.15) ($0
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SOURCE Pharmos Corporation
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