| Balance Sheet: As of Dec. 31 Thou. Euros |
2008 |
2007 |
| ASSETS |
|
|
| Current Assets |
|
|
| Cash |
509 |
159 |
| Short-term investments |
|
60 |
| Receivables officer |
8 |
71 |
| Receivables other |
6 |
|
| Prepaid expenses |
75 |
17 |
| Total current assets |
598 |
307 |
| Property and equipment, net |
76 |
10 |
| Total assets |
674 |
317 |
| LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) |
|
|
| Current Liabilities |
|
|
| Accounts payable |
991 |
2,307 |
| Taxes and social costs payable |
25 |
4 |
| Current portion of note payable |
|
2,000 |
| Other |
|
52 |
| Total current liabilities |
1,016 |
4,363 |
| Note Payable, less current portion |
8,973 |
150 |
| Common stock, U.S. $.01 par value |
1,742 |
1,694 |
| Common stock issuable |
7 |
3 |
| Additional paid-in capital |
20,155 |
18,401 |
| Deficit accumulated during the development stage |
(31,904) |
(24,966) |
| Accumulated other comprehensive income |
685 |
672 |
| Total Shareholders' Equity |
(9,315) |
(4,196) |
| Total liabilities |
674 |
317 |
