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

---------- ----------- TOTAL LIABILITIES AND EQUITY (DEFICIT) $7,581,875 $2,820,053 ========== ========== ADVANCED LIFE SCIENCES HOLDINGS, INC. AND SUBSIDIARY (A Development Stage Company) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) ---------- Period From Inception (January 1, Three months ended Nine months ended 1999) September 30, September 30, Through ------------------ ----------------- September 30, 2009 2008 2009 2008 2009 ---- ---- ---- ---- ------------- Revenue: Management Fees $- $- $- $- $1,161,180 Grants 616,940 32,006 1,735,239 32,006 3,011,640 Royalty- related party - - - - 45,238 --- --- --- --- ------ Total rev- enue 616,940 32,006 1,735,239 32,006 4,218,058 ------- ------ --------- ------ --------- Expenses: Research and devel- opment 916,241 11,240,032 3,160,061 14,798,173 93,740,462 Contracted research and development- related party - - - - 7,980,299 Selling, general and admin- istra- tive 2,201,684 1,828,607 5,401,142 5,237,579 32,449,779
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SOURCE Advanced Life Sciences Holdings, Inc.
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