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Inovio Pharmaceuticals Reports 2011 Second Quarter Financial Results
Date:8/8/2011

current assets

822,227

273,975Prepaid expenses and other current assets from affiliated entity

992,245

653,436Total current assets38,606,721

22,877,207Fixed assets, net

306,113

276,795Intangible assets, net

10,239,436

11,180,002Goodwill

10,113,371

10,113,371Investment in affiliated entity

8,383,650

11,360,888Other assets

208,262

259,128Total assets$  67,857,553

$  56,067,391LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses

$  3,242,943

$  3,410,610Accounts payable and accrued expenses due to affiliated entity

757,489

1,680,947Accrued clinical trial expenses426,471

178,328Common stock warrants

4,867,672

370,926Deferred revenue

233,161

420,897Deferred revenue from affiliated entity

413,542

375,000Total current liabilities9,941,278

6,436,708Deferred revenue, net of current portion

66,644

72,780Deferred revenue from affiliated entity, net of current portion2,149,194

2,336,694Deferred rent, net of current portion

66,154

67,112Deferred tax liabilities

53,186

53,186Total liabilities12,276,456

8,966,480Stockholders' equity:Inovio Pharmaceuticals, Inc. stockholders' equity:Common stock

127,257

105,038Additional paid-in capital

254,956,417

241,233,334Accumulated deficit(200,073,001)

(194,838,229)Accumulated other comprehensive income

(2,941)

2,850Total Inovio Pharmaceuticals, Inc. stockholders' equity55,007,732

46,502,993Non-controlling interest

573,365

597,918Total stockholders' equity

55,581,097

47,100,911Total liabilities and stockholders' equity$  67,857,553

$  56,067,391INOVIO PHARMACEUTICALS, INCCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three&#
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SOURCE Inovio Pharmaceuticals, Inc.
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