| Balance Sheet for Palatin Technologies Inc (PTN) | | | | | | | Assets | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Cash and Equivalents | 9,422 | 31,448 | 28,333 | 15,720 | 17,947 | | Marketable Securities | 3,353 | 2,324 | 2,331 | 2,386 | 2,465 | | Receivables | 6 | 608 | 70 | 5,441 | - | | Inventories | - | - | - | 1,382 | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 13,265 | 35,388 | 32,187 | 26,819 | 20,841 | | | Gross Fixed Assets | 13,141 | 12,690 | 11,566 | 10,420 | 6,502 | | Accumulated Depreciation | (8,013) | (6,620) | (5,219) | (3,956) | (3,567) | | Net Fixed Assets | 5,128 | 6,070 | 6,348 | 6,464 | 2,935 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 732 | 1,323 | 1,512 | 1,883 | 603 | | Total Non-Current Assets | 5,860 | 7,394 | 7,860 | 8,347 | 3,538 | | Total Assets | 19,125 | 42,781 | 40,047 | 35,166 | 24,379 | | | Liabilities | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Accounts Payable | 635 | 1,121 | 3,093 | 4,773 | 2,020 | | Short Term Debt | 263 | 217 | 87 | 11 | 33 | | Other Current Liabilities | - | - | - | - | - | | Total Current Liabilities | 4,999 | 9,565 | 12,445 | 13,047 | 4,962 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 7,452 | 14,410 | 9,072 | 12,875 | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 7,574 | 14,685 | 9,302 | 12,894 | 30 | | Total Liabilities | 12,573 | 24,250 | 21,748 | 25,941 | 4,992 | | | Preferred Stock Equity | 0 | 0 | 0 | 0 | 0 | | Common Stock Equity | 6,552 | 18,532 | 18,300 | 9,225 | 19,387 | | Total Equity | 6,552 | 18,532 | 18,300 | 9,225 | 19,387 | | Total Liabilities & Stock Equity | 19,125 | 42,781 | 40,047 | 35,166 | 24,379 | | | |