Exhibit 99.1

 

iBio, Inc. and Subsidiaries

 

Condensed Pro Forma Consolidated Balance Sheets

 

December 31, 2016

 

(In Thousands, except per ahare amount)

  

       Pro Forma   Pro Forma 
   As Reported   Adjustment   Balance Sheet 
             
Assets               
Current assets  $16,748        $16,748 
Fixed assets, net of accumulated depreciation   25,453         25,453 
Intangible assets, net of accumulated amortization   1,960         1,960 
Security deposit   27         27 
Total Assets  $44,188   $-   $44,188 
                
Liabilities and Equity               
Current liabilities  $1,867   $   $1,867 
Capital lease obligation - net of current portion   25,175         25,175 
Total Liabilities   27,042    -    27,042 
                
Equity               
iBio, Inc. Stockholders' Equity:               
Preferred stock - $0.001 par value; 1 share outstanding   -    -    - 
Common stock   89         89 
Additional paid-in capital   67,974    12,993    80,967 
Accumulated other comprehensive loss   (29)        (29)
Accumulated deficit   (63,881)        (63,881)
Total iBio, Inc. Stockholders' Equity   4,153    12,993    17,146 
Noncontrolling interest   12,993    (12,993)   - 
Total Equity   17,146    -    17,146 
Total Liabilities and Equity  $44,188   $-   $44,188