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3,6732,93810,8079,49350,513General and administrative
9879262,6273,11020,229Merger cost
----1,964Total operating expenses
4,6603,86413,43412,60372,706Loss from operations
(4,592)(3,709)(13,352)(12,441)(71,444)Change in fair value of warrant liability
----831Interest income
2516752,090Interest expense
(9)(22)(33)(77)(493)Other expense
(28)-(39)(86)(206)Net loss
$
(4,627)$
(3,726)$ (13,408)$ (12,529)$
(69,222)Basic and diluted net loss per common share
$
(0.21)$
(0.24)$
(0.62)$
(0.82)$
(6.58)Shares used in computing basic and diluted
net loss per share
21,78515,28721,60715,27810,517Bionovo, Inc.(A Development Stage Company)Consolidated Balance Sheets(in thousands, except share amounts)September 30,
2010December 31,
2009(unaudited)ASSETSCurrent assets:Cash and cash equivalents
$
3,113$
2,799Short-term investments
-13,135Receivables
69251Prepaid expenses
1,133214Other current assets
232161Total current assets
4,54716,560Property and equipment, net
7,1216,197Patent pending, net
1,187822Other assets
1,184570Total assets
$
4,039$
24,149LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Accounts payable
$
386$
311Accrued compensation and benefits
344367Current portion of capital lease obligations
1,123476Current portion of notes payable
5459Other current liabilities
1,194823Total current liabilities
3,1012,036Non-current portion of capital lease obligations
1,01996Non-current portion of notes payable
83121Total liabilities
4,2032,253Commitments and contingenciesShareholders’ equity:Preferred stock, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding
--Common stock $0.0001 par value, 68,000,000 sha
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