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Transition Therapeutics Announces Fiscal 2007 Year End Financial Results


Current portion of deferred revenue and

advances 131,244 657,541

Current portion of obligation under capital

leases - 18,390


Total current liabilities 3,695,642 4,364,068

Deferred revenue and advances 9,885,733 1,596,727

Obligation under capital leases - 30,401

Leasehold inducement 91,456 102,888

Future tax liability - 2,729,422


Total liabilities 13,672,831 8,823,506




Subsequent events

Shareholders' equity

Share capital

Common shares 133,988,318 99,563,853

Contributed surplus 4,487,752 4,469,987

Stock options 1,538,396 774,858

Deficit (89,691,569) (69,504,180)


Total shareholders' equity 50,322,897 35,304,518


63,995,728 44,128,024




Years ended June 30

(in Canadian dollars)

SOURCE Transition Therapeutics Inc.
Copyright©2007 PR Newswire.
All rights reserved

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