NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

The large negative number most certainly does reflect accumulated losses. The key components of the number are:

Additional Paid In Capital - Accumulated Deficit

Paper losses from warrant appreciation contributed 435m to the Accumulated Deficit (1.371B) this past year, but very little in prior years. The majority of the Accumulated Deficit is losses.