according to their latest 10-Q from sep. 30, 2007, they have current liabilities of 8.2 M
OccuLogix, Inc.
CONSOLIDATED BALANCE SHEETS
(expressed in U.S. dollars )
(Unaudited)
(Going Concern Uncertainty – See Note 1)
September 30,
2007 December 31,
2006
$ $
ASSETS
Current
Cash and cash equivalents 6,144,946 5,740,697
Short-term investments 75,000 9,785,000
Amounts receivable, net 364,193 166,209
Inventory, net 413,330 2,715,737
Prepaid expenses 727,263 680,476
Deposit 21,042 10,442
Other current assets 61,600 79,200
Total current assets 7,807,374 19,177,761
Fixed assets, net 320,857 860,717
Patents and trademarks, net 130,356 234,841
Investments 1,278,750 —
Intangible assets, net 32,504,138 55,683,399
Goodwill 14,446,977 14,446,977
Total assets 56,488,452 90,403,695
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current
Accounts payable 638,489 395,392
Accrued liabilities 3,029,621 2,090,937
Due to stockholders 236,052 152,406
Obligation under warrants 248,797 —
Current portion of other long-term liability 4,053,081 3,000,000
Total current liabilities 8,206,040 5,638,735
Deferred tax liability, net — 18,939,417
Other long-term liability — 3,420,609
Total liabilities 8,206,040 27,998,761
