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Pharmos Corporation Reports 2009 Third Quarter Results
Date:11/12/2009

d September 30, September 30, ------------------ ----------------- 2009 2008 2009 2008 ---- ---- ---- ---- Expenses Research and development $1,047,260 $2,298,882 $4,266,337 $7,206,909 In-process research & development Vela milestone - - 1,180,000 - General and administrative 342,320 436,758 1,101,865 1,687,747 Depreciation and amortization 2,030 24,853 6,283 89,514 ----- ------ ----- ------ Total operating expenses 1,391,610 2,760,493 6,554,485 8,984,170 --------- --------- --------- --------- Loss from operations (1,391,610) (2,760,493) (6,554,485) (8,984,170) --------- --------- --------- ---------- Other (expense) income Debt conversion expense - - (596,104) - Interest income 776 43,061 8,149 238,152 Interest expense (29,607) (122,580) (196,537) (369,294) Other income (expense) 3,134 (4,340) (7,282) 8,519 ----- ------ ------ ----- Other expense, net (25,697) (83,859) (791,774) (122,623) ------- ------- -------- -------- Net loss ($1,417,307) ($2,844,352) ($7,346,259)($9,106,793) =========== =========== =========== =========== Net income (loss) per share - basic and diluted ($0.02) ($0.11) ($0.16) ($0.35)
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