Lipid Sciences Incorporated

(NASDAQ:LIPD)
  Jun 30, 2008 Mar 31, 2008 Dec 31, 2007 Sep 30, 2007
Assets
Current Assets
Cash & Equivalents 2,374 4,235 6,459 9,167
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable — — 4 96
Loans Receivable — — — —
Other Receivable — — — —
Receivables — — 4 96
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses 311 389 508 262
Current Deferred Income Taxes — — — —
Other Current Assets 5 33 25 36
Total Current Assets 2,690 4,657 6,996 9,561
Land and Improvements — — — —
Building and Improvements — — 270 —
Machinery Furniture and Equipment — — 1,478 —
Construction in Progress — — — —
Other Fixed Assets 1,740 1,772 — 1,619
Total Fixed Assets 1,740 1,772 1,748 1,619
Gross Fixed Assets 1,740 1,772 1,748 1,619
Accumulated Depreciation and Depletion 1,481 1,481 1,481 1,321
Net Fixed Assets 259 291 267 298
Intangibles — — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 18 18 18 19
Total Non Current Assets 277 309 285 317
Total Assets 2,967 4,966 7,281 9,878
Liabilities
Current Liabilities
Accounts Payable 1,924 1,911 2,317 2,045
Notes Payable — — — —
Short Term Debt — — — —
Accrued Expenses — — — —
Accrued Liabilities 869 970 854 698
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities 2 1 — —
Total Current Liabilities 2,795 2,882 3,171 2,743
Non Current Liabilities
Long Term Debt — — — —
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities 16 17 17 17
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 2,811 2,899 3,188 2,760
Total Liabilities 16 17 17 17
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 156 2,067 4,093 7,118
Common Par 37 37 37 37
Additional Paid in Capital 91,556 91,482 91,269 90,081
Cumulative Translation Adjustment — — — —
Retained Earnings -91,437 -89,452 -87,213 -83,000
Treasury Stock — — — —
Other Equity Adjustments — — — —
Total Capitalization 156 2,067 4,093 7,118
Cash Flow -11,636 -12,386 -12,588 -11,054
Working Capital -105 1,775 3,825 6,818
Free Cash Flow -4,085 -2,224 -10,237 -7,550
Invested Capital 156 2,067 4,093 7,118
Total Equity 156 2,067 4,093 7,118
Total Liabilities and Stock Equity 2,967 4,966 7,281 9,878