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Inovio Pharmaceuticals Reports 2012 Fourth Quarter and Year End Financial Results

hat any of the forward-looking information provided herein will be proven accurate.

 Inovio Pharmaceuticals, Inc.CONSOLIDATED BALANCE SHEETSDecember 31,20122011ASSETSCurrent assets:Cash and cash equivalents



17,350,116Short-term investments

8,034,00112,863,420Accounts receivable

830,433467,909Accounts receivable from affiliated entity

36,23438,406Prepaid expenses and other current assets

471,328746,049Prepaid expenses and other current assets from affiliated entity

887,167441,186Deferred tax asset

62,728—Total current assets15,967,91231,907,086Restricted cash

100,410100,059Fixed assets, net

363,021295,785Investment in affiliated entity

10,703,3329,071,513Intangible assets, net


10,113,37110,113,371Common stock warrants

267,200100,000Other assets

134,193208,262Total assets$


61,106,561LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses



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

187,27520,344Accrued clinical trial expenses

1,405,8961,059,372Common stock warrants

2,859,8995,176,319Deferred revenue

353,39179,502Deferred revenue from affiliated entity

388,542388,542Total current liabilities8,376,57711,043,021Deferred revenue, net of current portion

88,60980,450Deferred revenue from affiliated entity, net of current portion

1,586,6941,961,694Deferred rent

65,07680,875Deferred tax liabilities

164,39378,859Total liabilities10,281,34913,244,899Commitments and contingenciesInovio Pharmaceuticals, Inc. stockholders' equity:Preferred stock—par value $0.001; Authorized shares: 10,000,000,

issued and outstanding: 26 and 26 at

SOURCE Inovio Pharmaceuticals, Inc.
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