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NeurogesX Reports First Quarter 2011 Results

53NEUROGESX, INC. Condensed Consolidated Balance Sheets (in thousands) March 31,2011December 31,2010Assets(Note 1)Current assets:Cash and cash equivalents


8,705Short-term investments


38,125Trade receivable


607Receivable from collaboration partner




786Prepaid expenses and other current assets


1,082Restricted cash


290Total current assets


49,660Property and equipment, net


809Restricted cash


120Other assets


261Total assets


50,850Liabilities and Stockholders' DeficitCurrent liabilities:Accounts payable

$  1,674

$  1,544Accrued compensation


1,867Accrued research and development


582Other accrued expenses


3,011Deferred product revenue, net


577Deferred collaboration revenue


7,242Long term obligations—current portion


2,222Total current liabilities


17,045Non-current liabilities:Deferred collaboration revenue


32,359Deferred rent


115Long term obligations


42,622Total non-current liabilities


75,096Commitments and contingencies Stockholders' deficit:Common stock, $0.001 par value


18Additional paidin capital


215,220Accumulated other comprehensive gain (loss)


(2)Accumulated deficit


(256,527)Total stockholders' deficit


(41,291)Total liabilities and stockholders' deficit

$  39,399

$  50,850(Note 1) Derived from the audited consolidated financial statements as of December 31, 2010.NeurogesX, Inc.Stephen Ghiglieri

Executive Vice President, COO

SOURCE NeurogesX, Inc.
Copyright©2010 PR Newswire.
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