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Catalyst Pharmaceutical Partners Announces First Quarter 2010 Financial Results

Tuesday, May 18, 2010 General News J E 4
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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

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