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Advanced Life Sciences Announces Third Quarter 2009 Financial Results
Date:11/10/2009

sh equivalents $4,161,612 $1,527,108 Grant receivable 334,885 63,444 Prepaid insurance 100,371 227,313 Other prepaid expenses and deposits 114,045 143,808 ------- ------- Total current assets 4,710,913 1,961,673 --------- --------- PROPERTY AND EQUIPMENT: Furniture and fixtures 244,072 244,072 Laboratory equipment - 159,186 Computer software and equipment 258,786 258,786 Leasehold improvements 177,253 505,804 ------- ------- Total property and equipment-at cost 680,111 1,167,848 Less accumulated depreciation (612,042) (760,329) -------- -------- Property and equipment-net 68,069 407,519 ------ ------- OTHER ASSETS: Commercial launch materials 2,760,936 - Deferred offering and financing costs 16,957 450,861 Other long-term assets 25,000 - ------ --- Total other assets 2,802,893 450,861 --------- ------- TOTAL ASSETS $7,581,875 $2,820,053 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITI
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SOURCE Advanced Life Sciences Holdings, Inc.
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