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Organovo Reports 2012 Financial Results
Date:3/18/2013

ing and distribution plans and strategies. These and other factors are identified and described in more detail in our filings with the SEC, including our annual report on Form 10-K filed with the SEC on March 15, 2013.  You should not place undue reliance on these forward-looking statements, which speak only as of the date that they were made. These cautionary statements should be considered with any written or oral forward-looking statements that we may issue in the future. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to reflect actual results, later events or circumstances or to reflect the occurrence of unanticipated events. ORGANOVO HOLDINGS, INC. (A development stage company) CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) December 31,2012December 31,2011AssetsCurrent AssetsCash and cash equivalents$14,817$340Grant receivable162—Inventory360292Deferred financing costs—319Prepaid expenses and other current assets52780Total current assets15,8661,031Fixed Assets - Net714278Restricted Cash88—Other Assets - Net81100Total assets$16,749$1,409Liabilities and Stockholders' DeficitCurrent LiabilitiesAccounts payable$425$658Accrued expenses981438Deferred revenue—153Capital lease obligation, current portion10—Accrued interest payable—24Convertible notes payable, current portion—704Warrant liabilities, current20,619—Total current liabilities22,0351,977Warrant liabilities, non-current—1,267Capital lease obligation, net of current portion17—Total liabilities$22,052$3,244Commitments and Contingencies Stockholders' DeficitCommon stock, $0.001 par value; 150,000,000 shares authorized, 58,535,411 and 22,445,254 shares issued and outstanding at December 31, 2012 and December 31, 2011, respectively5922Additional paid-in capital44,8834,835Deficit accumulated du
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