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Neurologix Reports Third Quarter 2010 Financial Results
Date:11/12/2010

)Total stockholders' equity

(4,320)

5,376Total liabilities and stockholders' equity

$4,253

$11,057NEUROLOGIX, INC.
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(UNAUDITED)
(Amounts in thousands, except share and per share amounts)Nine Months Ended
September 30,

Three Months Ended
September 30,

For the period
February 12, 1999
(inception) through
September 30, 20102010

2009

2010

2009Revenues

$
-

$
-

$
-

$
-

$  -Operating expenses:Research and development

4,503

5,779

1,104

2,121

31,964General and administrative expenses

2,884

2,179

901

631

21,881Loss from operations

(7,387)

(7,958)

(2,005)

(2,752)

(53,845)Other income (expense):Dividend, interest and other income

2

55

1

6

1,885Interest expense-related parties

-

-

-

-

(411)Change in estimated fair value of derivative financial instruments - warrants

(2,888)

(2,703)

(300)

(723)

(5,665)Other (expense) income, net

(2,886)

(2,648)

(299)

(717)

(4,191)Net loss

(10,273)

(10,606)

(2,304)

(3,469)

$(58,036)Preferred stock dividends

(2,375)

(2,208)

(817)

(757)Net loss applicable to common stock

$(12,648)

$(12,814)

$(3,121)

$(4,226)Net loss applicable to common stock per share, basic and diluted

$(0.45)

$(0.46)

$(0.11)

$(0.15)Weighted average common shares outstanding, basic and diluted

27,865,010

27,819,156

27,865,010

27,865,010
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SOURCE Neurologix, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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