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Favrille Provides Update on Timing of Analysis from Pivotal Phase 3 Clinical Trial; Reports Third Quarter 2007 Financial Results

30, 2007 31, 2006



Current assets:

Cash and cash equivalents $19,568 $14,249

Short-term investments 1,298 28,160

Receivables 219 242

Prepaid expenses and other current assets 873 608

Total current assets 21,958 43,259

Property and equipment, net 34,148 25,071

Restricted cash 3,451 3,451

Other assets 487 508

Total assets $60,044 $72,289

Liabilities and stockholders' equity

Current liabilities:

Accounts payable and accrued liabilities $4,964 $6,779

Current portion of debt 5,767 4,976

Total current liabilities 10,731 11,755

Debt, less current portion 7,576 5,754

Deferred rent 15,179 10,145

Commitments and contingencies

Stockholders' equity:

Preferred stock, $0.001 par value

5,000,000 shares authorized at September 30,

2007 and December 31, 2006; no shares

issued and outstanding at September 30,

2007 and December 31, 2006 - -

Common stock, $0.001 par value:

Authorized shares, 75,000,000 at

September 30, 2007 and December 31, 2006;

Issued and outstanding shares- 33,753,206

and 29,060,081 at September 30, 2007 and

December 31, 2006, respectively 34 29

Additional paid-in capital

SOURCE Favrille, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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