Operating Expenses Research and development expenses for the quarter and year ended December 31, 2012, were $4.4 million and $18.0 million as compared to $4.2 million and $20.0 million for the same periods in 2011. General and administrative expenses for the quarter and year ended December 31, 2012, were $2.9 million and $10.8 million, compared to $3.3 million and $12.0 million for the quarter and year ended December 31, 2011.
Net Loss Attributable to Common Stockholders The $4.4 million increase in net loss attributable to common stockholders for the year ended December 31, 2012, compared with the year ended 2011 resulted primarily from a significant (non-cash) change in fair value of common stock warrants, based on a required quarterly mark to market adjustment to reflect changes in the Company's stock price, the change in fair market value of our investment in VGX International, and a decrease in grant revenue.
Capital Resources During the year ended December 31, 2012, the Company sold 9,344,611 shares of common stock under its ATM common stock sales agreement for net proceeds of $5.3 million.
As of December 31, 2012, cash and cash equivalents plus short-term investments in certificates of deposit, mutual funds, and municipal bonds were $13.8 million compared with $30.3 million as of December 31, 2011.
Subsequent to year end, the Company sold 8,222,966 shares of common stock under its ATM common stock sales agreement for net proceeds of $5.6 million.
On March 7, 2013, we closed an underwritten offering of 27,377,266 shares of our common stock and warrants to purchase an aggregate of up to 13,688,633 shares of common stock. The shares and warrants were sold in units at a price of $0.55 per unit, with each unit consisting of one share of common stock and a w
|SOURCE Inovio Pharmaceuticals, Inc.|
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