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

ES: Accounts payable $1,721,745 $1,379,941 Accrued clinical trial and NDA expenses 80,053 458,260 Accrued payroll 873,039 506,537 Other accrued expenses 685,470 352,466 Accrued interest payable 97,771 72,572 Short-term lease payable 6,595 8,468 Short-term notes payable - related party 2,000,000 - --------- --- Total current liabilities 5,464,673 2,778,244 Long-term lease payable - 4,350 Long-term grant payable 500,000 500,000 Long-term notes payable - related party - 2,000,000 Line of credit 10,000,000 9,915,000 ---------- --------- Total liabilities 15,964,673 15,197,594 ---------- ---------- COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY (DEFICIT): Common stock, $0.01 par value- 120,000,000 shares authorized; 75,969,683 issued and outstanding at September 30, 2009; 40,810,932 shares issued and outstanding at December 31, 2008 759,697 408,109 Additional paid-in capital 120,955,240 109,601,807 Deficit accumulated during the development stage (130,097,735) (122,387,457) Noncontrolling interest in subsidiary - - --- --- Total equity (deficit) (8,382,798) (12,377,541)
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SOURCE Advanced Life Sciences Holdings, Inc.
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