2024 Q4 Form 10-Q Financial Statement

#000149315224044768 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $3.419M
YoY Change 685.26%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.083M
YoY Change -11.92%
% of Gross Profit
Research & Development $1.691M
YoY Change -11.71%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.774M
YoY Change -11.73%
Operating Profit $644.7K
YoY Change -123.81%
Interest Expense -$4.060K
YoY Change -153.08%
% of Operating Profit -0.63%
Other Income/Expense, Net $17.02K
YoY Change 3.12%
Pretax Income $661.8K
YoY Change -124.6%
Income Tax
% Of Pretax Income
Net Earnings $661.8K
YoY Change -124.59%
Net Earnings / Revenue 19.36%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.07
COMMON SHARES
Basic Shares Outstanding 19.57M shares 8.471M shares
Diluted Shares Outstanding 9.890M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.154M
YoY Change 176.91%
Cash & Equivalents $4.154M
Short-Term Investments
Other Short-Term Assets $18.00K
YoY Change 125.0%
Inventory
Prepaid Expenses $3.154M
Receivables $1.783M
Other Receivables $0.00
Total Short-Term Assets $9.091M
YoY Change 229.63%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $294.2K
YoY Change -36.16%
Total Long-Term Assets $294.2K
YoY Change -36.16%
TOTAL ASSETS
Total Short-Term Assets $9.091M
Total Long-Term Assets $294.2K
Total Assets $9.385M
YoY Change 191.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.968M
YoY Change 114.7%
Accrued Expenses $447.0K
YoY Change -44.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $387.2K
YoY Change -3.21%
Total Short-Term Liabilities $2.802M
YoY Change 37.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $3.210K
YoY Change
Total Long-Term Liabilities $3.213K
YoY Change -89.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.802M
Total Long-Term Liabilities $3.213K
Total Liabilities $2.805M
YoY Change 36.1%
SHAREHOLDERS EQUITY
Retained Earnings -$126.0M
YoY Change 6.71%
Common Stock $1.387K
YoY Change 383.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.908M
YoY Change
Total Liabilities & Shareholders Equity $9.385M
YoY Change 191.57%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $661.8K
YoY Change -124.59%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.020M
YoY Change -54.85%
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 3.645M
YoY Change -3414.08%
NET CHANGE
Cash From Operating Activities -1.020M
Cash From Investing Activities
Cash From Financing Activities 3.645M
Net Change In Cash 2.625M
YoY Change -210.77%
FREE CASH FLOW
Cash From Operating Activities -$1.020M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024Q3 ENSC Transaction Costs Associated With Public Offering And Warrant Inducement
TransactionCostsAssociatedWithPublicOfferingAndWarrantInducement
-637894 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20819 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
661769 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6579727 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-4029652 usd
ENSC Stock Issued During Period Value Commitment Fee
StockIssuedDuringPeriodValueCommitmentFee
400000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
3056892 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9050004 usd
ENSC Transaction Costs Associated With Public Offering
TransactionCostsAssociatedWithPublicOffering
-447879 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
250224 usd
us-gaap Profit Loss
ProfitLoss
-7121914 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1157675 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1168600 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1670001 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1670001 usd
ENSC Stock Issued During Period Issuance Of Common Stock Upon Exercise Of Warrants
StockIssuedDuringPeriodIssuanceOfCommonStockUponExerciseOfWarrants
2075219 usd
ENSC Issuance Of Common Stock Value Upon Warrant Inducement Net Of Issuance Costs
IssuanceOfCommonStockValueUponWarrantInducementNetOfIssuanceCosts
8103943 usd
ENSC Transaction Costs Associated With Public Offering And Warrant Inducement
TransactionCostsAssociatedWithPublicOfferingAndWarrantInducement
-1444756 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
80574 usd
us-gaap Profit Loss
ProfitLoss
-4422587 usd
us-gaap Profit Loss
ProfitLoss
-4422587 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6579727 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6579727 usd
us-gaap Profit Loss
ProfitLoss
-4422587 usd
us-gaap Profit Loss
ProfitLoss
-7121914 usd
ENSC Accrued Interest And Interest Expense Related To Note Conversions
AccruedInterestAndInterestExpenseRelatedToNoteConversions
33175 usd
ENSC Accrued Interest And Interest Expense Related To Note Conversions
AccruedInterestAndInterestExpenseRelatedToNoteConversions
9146 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1197200 usd
ENSC Change In Fair Value Of Liabilities Classified Warrants
ChangeInFairValueOfLiabilitiesClassifiedWarrants
23175 usd
ENSC Change In Fair Value Of Liabilities Classified Warrants
ChangeInFairValueOfLiabilitiesClassifiedWarrants
279873 usd
ENSC Change In Fair Value Of Convertible Note
ChangeInFairValueOfConvertibleNote
-146479 usd
us-gaap Share Based Compensation
ShareBasedCompensation
80574 usd
us-gaap Share Based Compensation
ShareBasedCompensation
250224 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-135 usd
ENSC Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
1685244 usd
ENSC Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
-169083 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
1729252 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-1235252 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-57666 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2027375 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-131635 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1066036 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6738610 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8978107 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1670001 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
9050004 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2075219 usd
ENSC Proceeds From Warrant Inducement Net Of Issuance Costs
ProceedsFromWarrantInducementNetOfIssuanceCosts
8103943 usd
ENSC Transaction Costs From Public Offerings
TransactionCostsFromPublicOfferings
447879 usd
ENSC Transaction Cost Associated With Warrant Inducement
TransactionCostAssociatedWithWarrantInducement
1319115 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
485190 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
1000208 usd
ENSC Repayment Insurance Premiums
RepaymentInsurancePremiums
276260 usd
ENSC Repayment Insurance Premiums
RepaymentInsurancePremiums
307131 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9768598 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7294786 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3029988 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1683321 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1123604 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3147702 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4153592 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1464381 usd
ENSC Incremental Fair Value Of Warrant Inducement1
IncrementalFairValueOfWarrantInducement1
10210616 usd
ENSC Incremental Fair Value Of Warrant Inducement2
IncrementalFairValueOfWarrantInducement2
5167372 usd
ENSC Conversions Of Convertible Notes Into Common Stock
ConversionsOfConvertibleNotesIntoCommonStock
1168600 usd
ENSC Conversions Of Convertible Notes Into Common Stock
ConversionsOfConvertibleNotesIntoCommonStock
3056892 usd
ENSC Proceeds From Financed Insurance Premiums Net
ProceedsFromFinancedInsurancePremiumsNet
232155 usd
ENSC Proceeds From Financed Insurance Premiums Net
ProceedsFromFinancedInsurancePremiumsNet
445737 usd
ENSC Transaction Costs From Warrant Inducement And Public Offering Included In Accounts Payable
TransactionCostsFromWarrantInducementAndPublicOfferingIncludedInAccountsPayable
125641 usd
ENSC Deemed Dividend Related To Warrants Down Round Provision
DeemedDividendRelatedToWarrantsDownRoundProvision
290 usd
ENSC Deemed Dividend Related To Warrants Down Round Provision
DeemedDividendRelatedToWarrantsDownRoundProvision
12038 usd
ENSC Settlement Of Commitment Fee In Shares
SettlementOfCommitmentFeeInShares
400000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_803_eus-gaap--BasisOfAccounting_zXYuzWSm39r8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2 - <span id="xdx_825_z0yUsNC6eHa3">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC. The consolidated financial statements include the accounts of Ensysce Biosciences, Inc. and its subsidiaries. All intercompany balances and transactions have been eliminated in the consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the opinion of management, all adjustments considered necessary for a fair presentation have been included in the consolidated financial statements. Operating results for the nine months ended September 30, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The interim unaudited consolidated financial statements have been prepared under the presumption that users of the interim financial information have either read or have access to the audited consolidated financial statements for the fiscal year ended December 31, 2023, which may be found in the Company’s Form 10-K filed with the SEC on March 15, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Going concern</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has not generated any product revenue. There is no assurance that profitable operations will ever be achieved, and, if achieved, will be sustained on a continuing basis. Product development activities, clinical and pre-clinical testing, and commercialization of the Company’s product candidates are necessary to develop the Company’s products and will require significant additional financing. There can be no assurance the Company will be able to obtain such funds. These matters, among others, raise substantial doubt about the Company’s ability to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">While the Company believes in the viability of its strategy to ultimately realize revenues and in its ability to raise additional funds, management cannot be certain that additional funding will be available on acceptable terms, or at all. The Company’s ability to continue as a going concern is dependent upon its ability to obtain adequate financing and achieve profitable operations. As a result, these plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern for a period of 12 months following the date these consolidated financial statements were issued.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zGx1ZWjeapyh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86C_zD1KDqpD9KYf">Use of estimates and assumptions</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and disclosed in the accompanying notes. Actual results may differ from those estimates and such differences may be material to the consolidated financial statements. The more significant estimates and assumptions by management include, but are not limited to, the expense recognition for certain accrued research and development services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zT5EomYtpuy2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_867_zV7vPQLy41Rf">Concentrations of credit risk and off-balance sheet risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents are financial instruments that are potentially subject to concentrations of credit risk. The Company’s cash and cash equivalents are deposited in accounts at large financial institutions and amounts currently exceed federally insured limits. The Company has no financial instruments with off-balance sheet risk of loss. Additionally, the Company had concentration in accounts payable, as one and <span id="xdx_901_eus-gaap--ConcentrationRiskBenchmarkDescription_c20240101__20240930_z4s1WGFNXiNf" title="Concentration of risk">two research and development vendors, respectively, made up greater than 10% individually, and <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20240101__20240930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerMember_zWboqLbcbRk6" title="Concentration of risk">72</span>% and <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20230101__20231231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerMember_zd3fXeAWJtkj" title="Concentration of risk">38</span>% in aggregate</span>, of the outstanding accounts payable balance as of September 30, 2024, and December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
two research and development vendors, respectively, made up greater than 10% individually, and 72% and 38% in aggregate
us-gaap Depreciation
Depreciation
0 usd
CY2023 us-gaap Depreciation
Depreciation
0 usd
CY2024Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3213 usd
CY2024Q3 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
3213 usd
CY2023Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
26388 usd
CY2023Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
26388 usd
CY2023Q4 us-gaap Grants Receivable
GrantsReceivable
10700000 usd
CY2024Q3 us-gaap Grants Receivable
GrantsReceivable
14000000 usd
CY2019Q3 us-gaap Grants Receivable
GrantsReceivable
5400000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3418853 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
435380 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3906372 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1715488 usd
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19548590 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4737653 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13913074 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2902797 shares
CY2024Q3 ENSC Prepaid Research And Development
PrepaidResearchAndDevelopment
2652845 usd
CY2023Q4 ENSC Prepaid Research And Development
PrepaidResearchAndDevelopment
535474 usd
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
378360 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
441871 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
104905 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
72358 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
18000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
18000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3154110 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1067703 usd
CY2024Q3 ENSC Accrued Research And Development
AccruedResearchAndDevelopment
214251 usd
CY2023Q4 ENSC Accrued Research And Development
AccruedResearchAndDevelopment
329228 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
95730 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
110202 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
137054 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
102830 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
447035 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
542260 usd
CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
13300000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
38294 usd
CY2024Q3 us-gaap Payments For Rent
PaymentsForRent
8747 usd
us-gaap Payments For Rent
PaymentsForRent
26242 usd
CY2023Q3 us-gaap Payments For Rent
PaymentsForRent
8375 usd
us-gaap Payments For Rent
PaymentsForRent
25124 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
380868 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6308 usd
CY2024Q3 us-gaap Notes Payable
NotesPayable
387176 usd
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2033249 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
18648 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1197200 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
854697 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
4063 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
7649 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1279691 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
9146 usd
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
745521 shares
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1200000 usd
CY2024Q2 ENSC Financed Insurance Premiums
FinancedInsurancePremiums
200000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 us-gaap Legal Fees
LegalFees
300000 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
the Company issued to the placement agent as compensation unregistered warrants to purchase up to 252,123 shares of Common Stock, equal to 7.0% of the aggregate number of shares of Common Stock (or warrants) placed in the transaction
CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
252123 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2000000 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.5675
CY2023Q4 us-gaap Share Price
SharePrice
0.47
CY2023Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
10200000 usd
CY2024Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
10200000 usd
CY2024Q3 us-gaap Legal Fees
LegalFees
600000 usd
CY2024Q3 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
the Company issued to the placement agent as compensation unregistered warrants to purchase up to 752,969 shares of Common Stock
CY2024Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
752969 shares
ENSC Shares Held In Abeyance
SharesHeldInAbeyance
5703504 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.5675
CY2024Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2000000 shares
CY2024Q3 us-gaap Share Price
SharePrice
1.5675
CY2024Q3 us-gaap Share Price
SharePrice
0.47
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1101582 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
581314 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.15
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y6M25D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
581314 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.15
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y9M29D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
580414 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
32.48
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
581314 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
33.15
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y9M29D
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
39273 usd
ENSC Sharebased Compensation Arrangement By Sharebased Payment Award Weighted Average Period Expected To Be Recognized
SharebasedCompensationArrangementBySharebasedPaymentAwardWeightedAveragePeriodExpectedToBeRecognized
P0Y9M29D
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
34007491 shares
CY2024Q3 ENSC Warrant Or Right Exercisable
WarrantOrRightExercisable
400000 shares

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