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Inovio Pharmaceuticals Reports 2012 First Quarter Financial Results
Date:5/9/2012

information provided herein will be proven accurate.  INOVIO PHARMACEUTICALS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETSMarch 31,
2012December 31,
2011(Unaudited)ASSETSCurrent assets:Cash and cash equivalents

$
,128,895

$
7,350,116Short-term investments

13,730,072

12,863,420Accounts receivable

876,730

467,909Accounts receivable from affiliated entity

39,066

38,406Prepaid expenses and other current assets

760,733

746,049Prepaid expenses and other current assets from affiliated entity

400,890

441,186Total current assets26,936,386

31,907,086Restricted cash

100,146

100,059Fixed assets, net

355,302

295,785Intangible assets, net

8,849,869

9,310,485Goodwill

10,113,371

10,113,371Investment in affiliated entity

8,509,969

9,071,513Investment in common stock warrants

294,000

100,000Other assets

191,913

208,262Total assets$
55,350,956

$
,106,561LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses

$
3,316,787

$
4,318,942Accounts payable and accrued expenses due to affiliated entity

82,158

20,344Accrued clinical trial expenses

773,769

1,059,372Common stock warrants

8,417,492

5,176,319Deferred revenue

48,739

79,502Deferred revenue from affiliated entity

376,042

388,542Total current liabilities13,014,987

11,043,021Deferred revenue, net of current portion

79,046

80,450Deferred revenue from affiliated entity, net of current portion

1,867,944

1,961,694Deferred rent

80,660

80,875Deferred tax liabilities

78,859

78,859Total liabilities15,121,496


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SOURCE Inovio Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
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