| Balance Sheet for Genaera Corp. (GENR) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 12,939 | 11,965 | 16,418 | 14,217 | 6,625 | | Marketable Securities | 7,961 | 21,841 | 15,797 | 17,934 | 6,510 | | Receivables | - | - | - | - | - | | Inventories | - | - | - | - | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 21,256 | 34,435 | 33,107 | 32,753 | 13,399 | | | Gross Fixed Assets | 2,619 | 2,637 | 2,319 | 1,881 | 6,236 | | Accumulated Depreciation | (2,245) | (1,878) | (1,471) | (1,145) | (5,141) | | Net Fixed Assets | 374 | 759 | 848 | 736 | 1,095 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 56 | 56 | 56 | 59 | 59 | | Total Non-Current Assets | 430 | 815 | 904 | 795 | 1,154 | | Total Assets | 21,686 | 35,250 | 34,011 | 33,548 | 14,553 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 2,377 | 355 | 5,946 | 3,323 | 1,917 | | Short Term Debt | - | - | - | - | - | | Other Current Liabilities | - | - | - | - | - | | Total Current Liabilities | 3,377 | 2,427 | 5,946 | 3,886 | 2,883 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 70 | 1,770 | 1,781 | 580 | 1,048 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 70 | 1,770 | 1,781 | 580 | 1,048 | | Total Liabilities | 3,447 | 4,197 | 7,727 | 4,466 | 3,931 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 18,239 | 31,053 | 26,284 | 29,082 | 10,622 | | Total Equity | 18,239 | 31,053 | 26,284 | 29,082 | 10,622 | | Total Liabilities & Stock Equity | 21,686 | 35,250 | 34,011 | 33,548 | 14,553 | | | |
