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Cumberland Pharmaceuticals Reports 24% Increase in Net Revenue With Full Year 2009 Financial Results
Date:3/10/2010

3,447,813 ------- --------- Total assets $103,724,320 $31,119,187 ============ =========== LIABILITIES AND EQUITY Current liabilities: Current portion of long-term debt $9,061,973 $1,250,000 Current portion of other long-term obligations 144,828 457,915 Accounts payable 5,632,796 3,257,164 Other accrued liabilities 3,784,777 2,640,855 --------- --------- Total current liabilities 18,624,374 7,605,934 Revolving line of credit 1,825,951 1,825,951 Long-term debt, excluding current portion 8,938,027 3,750,000 Other long-term obligations, excluding current portion 184,632 382,487 ------- ------- Total liabilities 29,572,984 13,564,372 ---------- ---------- Commitments and contingencies Redeemable common stock 1,930,000 - Shareholders’ equity: Cumberland Pharmaceuticals Inc. shareholders' equity: Convertible preferred stock – no par value; 3,000,000 shares authorized; 812,749 shares issued and outstanding as of December 31, 2008 - 2,604,070 Common stock – no par value; 100,000,000 shares authorized; 20,180,486 (1) and 9,903,047 shares issued and outstanding as of December 31, 2009 and 2008, respectively 67,711,746 13,5
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SOURCE Cumberland Pharmaceuticals Inc.
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