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Biodel Reports First Quarter Fiscal Year 2011 Financial Results

,1691,397Other long term liabilities—638Total liabilities$


7,389CommitmentsStockholders' equity:Preferred stock, $.01 par value; 50,000,000 shares authorized, none outstandingCommon stock, $.01 par value; 100,000,000 shares authorized; 26,399,764 and 26,433,982 issued and outstanding264264Additional paid-in capital188,550190,035Deficit accumulated during the development stage(164,754)(170,062)Total stockholders' equity24,06020,237Total liabilities and stockholders' equity$


27,626Biodel Inc.
(A Development Stage Company)
Condensed Statements of Operations
(in thousands, except share and per share amounts)
(unaudited)December 3,2003Three months ended(inception) toDecember 31,December 31,200920102010Revenue$



—Operating expenses:Research and development8,7545,505121,733General and administrative2,4172,57750,202Total operating expenses11,1718,082171,935Other (income) and expense:Interest and other income(5)(5)(5,511)Interest expense——78Adjustments to fair value of common stock warrant liability—(2,772)(1,518)Loss on settlement of debt——627Operating loss before tax provision (benefit)(11,166)(5,305)(165,611)Tax provision (benefit)(18)3(609)Net loss(11,148)(5,308)(165,002)Charge for accretion of beneficial conversion rights——(603)Deemed dividend — warrants——(4,457)Net loss applicable to common stockholders$



(170,062)Net loss per share — basic and diluted$


(0.20)Weighted average shares outstanding — basic and diluted23,848,85526,419,105BIOD-G

The Trout Group LLCSeth D. Lewis, +1-646-378-2952

SOURCE Biodel Inc.
Copyright©2010 PR Newswire.
All rights reserved

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