Mapi - Pharma (Mapi - Pharma) Accounts Payable & Accrued Expense : $2.21 Mil (As of Jun. 2015)

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What is Mapi - Pharma Accounts Payable & Accrued Expense?

Mapi - Pharma's quarterly accounts payable & accrued expense increased from Jun. 2014 ($0.00 Mil) to Dec. 2014 ($0.49 Mil) and increased from Dec. 2014 ($0.49 Mil) to Jun. 2015 ($2.21 Mil).

Mapi - Pharma's annual accounts payable & accrued expense increased from Dec. 2012 ($0.66 Mil) to Dec. 2013 ($1.46 Mil) but then declined from Dec. 2013 ($1.46 Mil) to Dec. 2014 ($0.49 Mil).

Mapi - Pharma Accounts Payable & Accrued Expense Historical Data

The historical data trend for Mapi - Pharma's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mapi - Pharma Accounts Payable & Accrued Expense Chart

Mapi - Pharma Annual Data

Trend

Dec12

Dec13

Dec14

Accounts Payable & Accrued Expense

0.66

1.46

0.49

Mapi - Pharma Semi-Annual Data
	Dec12	Dec13	Jun14	Dec14	Jun15
Accounts Payable & Accrued Expense	0.66	1.46	-	0.49	2.21

Mapi - Pharma Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Mapi - Pharma (Mapi - Pharma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Mapi - Pharma Ltd (NAS:MAPI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.mapi-pharma.com

Mapi - Pharma Ltd was incorporated under the laws of the State of Israel on January 29, 2008. It is a development stage pharmaceutical company, engaged in the development of high-barrier to entry and high-added value generic drugs that include complex active pharmaceutical ingredients or APIs, formulations and life cycle management or LCM products that target large markets. The Company is developing two LCM products for the treatment of multiple sclerosis and neuropathic pain. It is also developing a portfolio of approximately 13 complex APIs. Its LCM portfolio focuses on market product, consisting of Glatiramer Acetate Depot, a once-monthly injection for the treatment of MS, Pregabalin ER, extended release capsules for the treatment of neuropathic pain and epilepsy, and Risperidone LAI, a depot formulation of Risperdal Consta, expected to be developed under the abbreviated new drug application ANDA or 505(b)(2) shortened regulatory pathway. Its competitors in the generic pharmaceutical products and LCM markets includes Teva Pharmaceutical Industries Ltd.; Impax Laboratories, Inc.; Alkermes Plc.; Momenta Pharmaceuticals, Inc.; and Andrx Corporation; a private U.S. company. The Company's current patent portfolio contains approximately 20 patent applications for complex APIs, formulations, polymorphs, and routes of synthesis. Its operations are subject to many governmental regulations.