Verenium Reports Financial Results for the First Quarter Ended March 31, 2012 Sacramento Bee
/PRNewswire/ -- Verenium Corporation (Nasdaq: VRNM), a leading industrial biotechnology company focused on the development and commercialization of high-performance enzymes, today reported operating highlights and financial results for the first quarter ended March 31, 2012."The first quarter was a turning point for Verenium. Beyond the repayment of our outstanding debt, we also initiated discussions with a wide array of companies who recognize the value of our technology, and signed agreements with both Tate & Lyle and DSM that validate our unique capabilities," said James Levine, President and Chief Executive Officer at Verenium. "We now have the flexibility to direct our full attention on growing the business with a focus on increasing sales from our current product portfolio, advancing the multiple products in our pipeline, and completing new partnerships to accelerate our entry into new end markets."
Company Highlights
Since the beginning of 2012, Verenium has made progress on both operational and financial fronts. Recent accomplishments include:
Intermediate Accounting 26: Convertible Bonds, Warrants, Amortization
This video continues the discussion of Bonds in Intermediate Accounting.Ken Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He ...
accounting for convertible debt - News
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10-Q: PUBLIC MEDIA WORKS INC APB 14-1, "Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement). 10-K: NEXTMART INC. |
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10KSB: GENIO GROUP INC All of the Company's convertible debt is in default as of January 1, 2006. As of September 30, 2008, we had $0 in cash and cash equivalents. |
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10-K: AMERICAN SOIL TECHNOLOGIES INC In March 2000, we authorized the issuance of an aggregate of $1325000 of convertible debentures with interest payable quarterly at 10% per annum. |
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10KSB: GOTTAPLAY INTERACTIVE, INC. In May 2008, the FASB issued FSP APB 14-1, "Accounting for Convertible Debt Instruments that may be Settled in Cash upon Conversion (Including Partial Cash |
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10KSB: ISA INTERNATIONALE INC Interest charges continue to be recorded as interest expense due on previously non-converted and defaulted convertible debt obligations of the Company. |
