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Pharmasset Reports First Fiscal Quarter 2008 Financial Results
Date:2/14/2008

1,700,240 783,311

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Total current assets 66,182,142 71,700,228

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EQUIPMENT AND LEASEHOLD IMPROVEMENTS:

Laboratory, office furniture and

equipment 2,863,244 2,462,647

Leasehold improvements 1,836,553 1,836,553

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4,699,797 4,299,200

Less accumulated depreciation and

amortization (1,674,095) (1,437,080)

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Total equipment and

leasehold improvements, net 3,025,702 2,862,120

OTHER ASSETS 487,793 1,282,051

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TOTAL $69,695,637 $75,844,399

==============================

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accounts payable $1,709,847 $3,281,600

Accrued expenses 3,007,366 5,513,407

Deferred rent 124,462 124,462

Current portion of capital lease

obligation 162,265 159,440

Deferred revenue 1,857,136 1,857,136

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Total current liabilities 6,861,076 10,936,045

DEFERRED RENT
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SOURCE Pharmasset, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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