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Bionovo Announces 2010 Highlights and Year-End Financial Results
Date:3/15/2011

nvestments

-13,135Receivables

49251Prepaid expenses

973214Other current assets

396161Total current assets

4,05616,560Property and equipment, net

6,6476,197Patents pending, net

1,259822Other assets

1,020570Total assets

$
2,982$24,149LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Accounts payable

$
55$
311Accrued compensation and benefits

901367Current portion of capital lease obligations

1,055476Current portion of notes payable

4059Warrant liability

1,843-Other current liabilities

970823Total current liabilities

5,4642,036Non-current portion of capital lease obligations

83696Non-current portion of notes payable

81121Total liabilities

6,3812,253Commitments and contingenciesShareholders’ equity:Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none issued and outstanding

--Common stock $0.0001 par value, 340,000,000 shares authorized, 24,530,112 and 21,503,738 shares outstanding at December 31, 2010 and 2009, respectively

22Additional paid-in capital

80,14577,713Accumulated other comprehensive (loss) income

-(5)Accumulated deficit

(73,546)(55,814)Total shareholders’ equity

6,60121,896Total liabilities and shareholders’ equity

$
2,982$24,149See accompanying notes to these consolidated financial statements* The balance sheet at December 31, 2009 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.
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SOURCE Bionovo, Inc.
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