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Inovio Pharmaceuticals Reports 2011 Second Quarter Financial Results

current assets


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


653,436Total current assets38,606,721

22,877,207Fixed assets, net


276,795Intangible assets, net




10,113,371Investment in affiliated entity


11,360,888Other assets


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


1,680,947Accrued clinical trial expenses426,471

178,328Common stock warrants


370,926Deferred revenue


420,897Deferred revenue from affiliated entity


375,000Total current liabilities9,941,278

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


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

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


67,112Deferred tax liabilities


53,186Total liabilities12,276,456

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


105,038Additional paid-in capital


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

(194,838,229)Accumulated other comprehensive income


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

46,502,993Non-controlling interest


597,918Total stockholders' equity


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


SOURCE Inovio Pharmaceuticals, Inc.
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