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Echo Therapeutics, Inc. Announces Second Quarter 2014 Financial Results and Provides Business Update
Date:8/14/2014

60; June 30,2014December 31,2013ASSETSCurrent Assets:Cash and cash equivalents

$
4,105,954
$
8,055,385
Other current assets

1,228,9911,319,713Total current assets

5,334,9459,375,098Net property and equipment (including assets under capitalized leases)

1,329,5391,495,807Other Assets:Intangible assets, net of accumulated amortization

9,625,0009,625,000Deferred financing costs, net of current portion

2,097,3222,581,324Restricted cash and other assets

11,49012,066Total other assets

11,733,81212,218,390Total assets

$
8,398,296
$
23,089,295
LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts payable

$
,032,360
$
,036,320
Current portion of deferred revenue from licensing agreements

76,42876,428Derivative warrant liability

586,1551,119,155Accrued expenses and other liabilities

884,2011,412,468Total current liabilities

2,579,1443,644,371Deferred revenue from licensing arrangements, net of current portion

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SOURCE Echo Therapeutics, Inc.
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