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Response Genetics Reports Second Quarter 2007 Financial Results

control). The Company undertakes no obligation to publicly update forward- looking statements, whether because of new information, future events or otherwise, except as required by law.



As of As of

December June 30,

31, 2006 2007



Current assets

Cash and cash equivalents $ 4,930,123 $ 19,427,868

Accounts receivable 1,288,255 2,229,921

Prepaid expenses and other current

assets 837,238 612,265

Total current assets 7,055,616 22,270,054

Property and equipment, net 1,184,963 2,422,049

Other assets 19,102 19,852

Total assets $ 8,259,681 $ 24,711,955



Current liabilities

Accounts payable $ 404,008 $ 981,361

Accrued expenses 547,119 2,190,404

Accrued royalties 123,852 86,487

Accrued payroll, bonus and related

liabilities 595,276 178,023

Deferred revenue 1,628,325 3,753,763

Total current liabilities 3,298,580 7,190,038

Notes payable to stockholders 716,854 -

Accrued interest on notes payable

to stockholders 329,036 -


SOURCE Response Genetics, Inc.

Copyright©2007 PR Newswire.

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