CATALYST PHARMACEUTICAL PARTNERS, INC. (a development stage company) CONDENSED BALANCE SHEETS | |||||
March 31, 2010 | December 31, 2009 | ||||
(unaudited) | |||||
ASSETS | |||||
Current Assets: | |||||
Cash and cash equivalents | $ 6,757,689 | $ 7,779,277 | |||
Prepaid expenses | 206,682 | 108,147 | |||
Total current assets | 6,964,371 | 7,887,424 | |||
Property and equipment, net | 61,696 | 68,447 | |||
Deposits | 10,511 | 10,511 | |||
Total assets | $ 7,036,578 | $ 7,966,382 | |||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||
Current Liabilities: | |||||
Accounts payable | $ 88,263 | $ 249,635 | |||
Accrued expenses and other liabilities | 246,389 | 44,517 | |||
Total current liabilities | 334,652 | 294,152 | |||
Accrued expenses and other liabilities, non-current | 46,762 | 54,370 | |||
Total liabilities | 381,414 | 348,522 | |||
Total stockholders' equity | 6,655,164 | 7,617,860 | |||
Total liabilities and stockholders' equity | $ 7,036,578 | $ 7,966,382 | |||
