| Balance Sheet for Panacos Pharmaceuticals Inc. (PANC) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 37,865 | 33,140 | 87,138 | 2,962 | 4,258 | | Marketable Securities | 14,030 | 27,626 | - | - | - | | Receivables | 147 | 66 | 389 | 151 | 4,176 | | Inventories | - | - | - | - | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 53,098 | 62,977 | 88,612 | 4,162 | 9,663 | | | Gross Fixed Assets | 3,035 | 3,574 | 3,055 | 6,631 | 5,944 | | Accumulated Depreciation | (1,990) | (1,452) | (701) | (3,674) | (2,825) | | Net Fixed Assets | 1,045 | 2,122 | 2,354 | 2,958 | 3,119 | | Intangibles | - | - | - | 398 | 3,117 | | Other Non-Current Assets | 1,567 | 554 | 605 | 421 | 1,379 | | Total Non-Current Assets | 2,612 | 2,676 | 2,959 | 3,776 | 7,616 | | Total Assets | 55,710 | 65,653 | 91,571 | 7,938 | 17,279 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 2,977 | 3,226 | 1,912 | 1,748 | 915 | | Short Term Debt | 58 | - | 6 | - | - | | Other Current Liabilities | - | - | - | 1,319 | 1,061 | | Total Current Liabilities | 7,344 | 6,510 | 5,820 | 4,413 | 2,853 | | | Long Term Debt | 18,798 | - | - | - | - | | Deferred Income Tax | - | - | - | - | 801 | | Other Non-Current Liabilities | 601 | 459 | 150 | 1,165 | 1,379 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 19,496 | 459 | 150 | 1,165 | 2,181 | | Total Liabilities | 26,840 | 6,969 | 5,970 | 5,578 | 5,034 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 28,870 | 58,684 | 85,601 | 2,360 | 12,245 | | Total Equity | 28,870 | 58,684 | 85,601 | 2,360 | 12,245 | | Total Liabilities & Stock Equity | 55,710 | 65,653 | 91,571 | 7,938 | 17,279 | | | |
