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IGI Laboratories Announces Third Quarter 2013 Results
Date:10/29/2013

alents

(1,134)(1,139)Cash and cash equivalents at beginning of period

2,5362,914Cash and cash equivalents at end of period

$
,402$
,775 IGI LABORATORIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except share and per share information)September 30,
2013December 31,
2012*ASSETSCurrent assets:Cash and cash equivalents

$
,402$
2,536Accounts receivable, net

2,8951,577Inventories

2,5231,773Prepaid expenses and other receivables

232253Total current assets

7,0526,139Property, plant and equipment, net

2,6342,691Product acquisition costs, net

1,796-Restricted cash, long term

5454License fee, net

225300Debt issuance costs, net

77100Other

155143Total assets

$
,993$
9,427LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities:Accounts payable

$
,561$
,091Accrued expenses

1,079820Deferred income, current

17948Capital lease obligation, current

817Total current liabilities

2,8271,976Note payable, bank

3,0001,000Deferred income, long term

620Capital lease obligation, long term

-4Total liabilities

5,8333,000Commitments and contingenciesStockholders' equity:Series A Convertible Preferred stock, liquidation preference - $0 and $500,000 at September 30, 2013 and December 31, 2012 

 

 

500Series C Convertible Preferred stock, liquidation preference - $1,822,205 at September 30, 2013 and $1,764,240 at December 31, 2012 

1,517 

1,517Common stock457446Additional paid-in capital

48,38647,409Accumulated deficit

(44,200)(43,445)Total stockholders' equity

6,1606,427Total liabilities and stockholders' equity

$
,993$
9,427* Derived from the audited December 31, 2012 financial statementsAbout
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SOURCE IGI Laboratories, Inc.
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