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Cumberland Pharmaceuticals Reports Second Quarter 2014 Financial Results
Date:8/5/2014

nd subsequent 10-Q's as filed with the SEC. There can be no assurance that results anticipated by the Company will be realized or that they will have the expected effects. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to publicly revise these statements to reflect events after the date hereof.

 

 CUMBERLAND PHARMACEUTICALS INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)June 30,
 2014December 31,
2013ASSETSCurrent assets:Cash and cash equivalents

$

39,050,841$

40,869,457Marketable securities

14,825,63214,019,761Accounts receivable, net of allowances

6,014,4774,530,424Inventories

6,996,8435,722,882Other current assets

3,744,2443,537,191Total current assets

70,632,03768,679,715Property and equipment, net

726,868880,647Intangible assets, net

19,073,45815,498,819Other assets

3,036,3012,554,557Total assets

$

93,468,664$

87,613,738LIABILITIES AND EQUITYCurrent liabilities:Accounts payable<
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SOURCE Cumberland Pharmaceuticals Inc.
Copyright©2014 PR Newswire.
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