$DRMA
Dermata Therapeutics, Inc.

2023 Q4 Form 10-Q Financial Statement

#000165495423014016 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.085M $910.0K $892.8K
YoY Change 31.89% 1.93% -2.16%
% of Gross Profit
Research & Development $1.135M $903.0K $1.553M
YoY Change 27.65% -41.87% 94.22%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.220M $1.812M $1.553M
YoY Change 29.69% 16.65% 94.22%
Operating Profit -$1.812M -$2.446M
YoY Change -25.92% 42.86%
Interest Expense $85.86K $90.00K $21.49K
YoY Change 103.99% 318.8% 3201.08%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.134M -$1.720M -$2.425M
YoY Change 27.81% -29.06% 41.55%
Income Tax
% Of Pretax Income
Net Earnings -$2.134M -$1.719M -$2.425M
YoY Change 27.81% -29.09% 41.55%
Net Earnings / Revenue
Basic Earnings Per Share -$0.54 -$3.16
Diluted Earnings Per Share -$0.45 -$0.54 -$197.5K
COMMON SHARES
Basic Shares Outstanding 3.189M shares 3.189M shares 10.10M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.438M $6.630M $8.067M
YoY Change 19.18% -17.81% -35.99%
Cash & Equivalents $7.438M $6.631M $8.067M
Short-Term Investments
Other Short-Term Assets $532.1K $690.0K $895.2K
YoY Change -22.94% -22.92% -17.3%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.979M $7.320M $8.975M
YoY Change 14.89% -18.44% -34.42%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.00 $3.383K -$1.00
YoY Change -300.0% -338400.0%
TOTAL ASSETS
Total Short-Term Assets $7.979M $7.320M $8.975M
Total Long-Term Assets $4.00 $3.383K -$1.00
Total Assets $7.979M $7.323M $8.975M
YoY Change 14.89% -18.4% -34.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $866.0K $474.5K $483.7K
YoY Change 74.36% -1.92% -37.17%
Accrued Expenses $757.6K $440.0K $1.021M
YoY Change 77.87% -56.89% 139.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.624M $920.0K $1.504M
YoY Change 75.98% -38.84% 25.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.624M $920.0K $1.504M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.624M $916.8K $1.504M
YoY Change 75.98% -39.05% 25.86%
SHAREHOLDERS EQUITY
Retained Earnings -$53.39M -$51.25M -$43.92M
YoY Change 17.1% 16.69% 31.39%
Common Stock $393.00 $319.00 $1.210K
YoY Change -68.1% -73.64% 45.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.355M $6.407M $7.471M
YoY Change
Total Liabilities & Shareholders Equity $7.979M $7.323M $8.975M
YoY Change 14.89% -18.4% -34.42%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$2.134M -$1.719M -$2.425M
YoY Change 27.81% -29.09% 41.55%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.149M -$1.770M -$2.561M
YoY Change -37.06% -30.89% 15.89%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.956M -40.00K 200.0
YoY Change -20100.0% -100.0%
NET CHANGE
Cash From Operating Activities -1.149M -1.770M -2.561M
Cash From Investing Activities
Cash From Financing Activities 1.956M -40.00K 200.0
Net Change In Cash 806.8K -1.810M -2.561M
YoY Change -144.2% -29.33% -121.03%
FREE CASH FLOW
Cash From Operating Activities -$1.149M -$1.770M -$2.561M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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DERMATA THERAPEUTICS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">The Company’s financial statements are prepared in accordance with GAAP. The preparation of the Company’s financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, and expenses and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. On an ongoing basis, management evaluates these estimates and judgments, including those related to accrued research and development expenses, stock-based compensation, and the estimated fair values of equity instruments. Management evaluates its estimates on an ongoing basis. The Company bases its estimates on various assumptions that it believes are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.</p>
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437102 shares

Files In Submission

Name View Source Status
drma-20230930_def.xml Edgar Link unprocessable
0001654954-23-014016-index-headers.html Edgar Link pending
0001654954-23-014016-index.html Edgar Link pending
0001654954-23-014016.txt Edgar Link pending
0001654954-23-014016-xbrl.zip Edgar Link pending
drma-20230930.xsd Edgar Link pending
drma_10q.htm Edgar Link pending
drma_ex311.htm Edgar Link pending
drma_ex312.htm Edgar Link pending
drma_ex321.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
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R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
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R27.htm Edgar Link pending
R28.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
drma-20230930_cal.xml Edgar Link unprocessable
drma-20230930_pre.xml Edgar Link unprocessable
drma-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
drma_10q_htm.xml Edgar Link completed
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending