2024 Q1 Form 10-K Financial Statement

#000095017024032843 Filed on March 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.451M $2.814M $10.62M
YoY Change 66.88% 14.81% 27.97%
% of Gross Profit
Research & Development $4.353M $3.567M $21.86M
YoY Change -9.07% 43.37% 290.81%
% of Gross Profit
Depreciation & Amortization $9.000K $6.000K $9.000K
YoY Change
% of Gross Profit
Operating Expenses $7.804M $6.381M $32.49M
YoY Change 13.84% 29.2% 133.78%
Operating Profit -$7.804M -$32.49M
YoY Change 13.84% 133.78%
Interest Expense $1.124M $1.124M
YoY Change
% of Operating Profit
Other Income/Expense, Net $384.0K -$615.0K -$114.0K
YoY Change 276.47% -1091.94% -770.59%
Pretax Income -$7.420M -$5.872M -$31.48M
YoY Change 9.88% 20.4% 126.79%
Income Tax
% Of Pretax Income
Net Earnings -$7.420M -$5.872M -$31.48M
YoY Change 9.88% 20.4% 126.79%
Net Earnings / Revenue
Basic Earnings Per Share -$0.16 -$1.00
Diluted Earnings Per Share -$0.16 -$0.19 -$1.00
COMMON SHARES
Basic Shares Outstanding 36.39M 36.34M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.44M $37.13M $37.13M
YoY Change -15.2% -9.67% -9.67%
Cash & Equivalents $30.40M $37.10M $37.13M
Short-Term Investments
Other Short-Term Assets $1.058M $1.202M $1.202M
YoY Change 186.72% 192.46% 192.46%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $31.50M $38.33M $38.33M
YoY Change -13.15% -7.67% -7.67%
LONG-TERM ASSETS
Property, Plant & Equipment $106.0K $109.0K $109.0K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $409.0K $544.0K $491.0K
YoY Change -6.41% 11.93% 3.81%
Total Long-Term Assets $515.0K $653.0K $653.0K
YoY Change 17.85% 34.36% 34.36%
TOTAL ASSETS
Total Short-Term Assets $31.50M $38.33M $38.33M
Total Long-Term Assets $515.0K $653.0K $653.0K
Total Assets $32.02M $38.98M $38.98M
YoY Change -12.78% -7.18% -7.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.685M $1.424M $1.424M
YoY Change 25.56% 23.5% 23.5%
Accrued Expenses $1.647M $2.242M $2.242M
YoY Change -31.89% 10.66% 10.66%
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 $3.332M $3.666M $3.666M
YoY Change -11.38% 15.32% 15.32%
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 $3.332M $3.666M $3.666M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.332M $3.666M $3.666M
YoY Change -11.38% 15.32% 15.32%
SHAREHOLDERS EQUITY
Retained Earnings -$125.9M -$118.5M
YoY Change 34.22% 36.21%
Common Stock $154.6M $153.8M
YoY Change 22.0% 22.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.69M $35.31M $35.31M
YoY Change
Total Liabilities & Shareholders Equity $32.02M $38.98M $38.98M
YoY Change -12.78% -7.18% -7.18%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$7.420M -$5.872M -$31.48M
YoY Change 9.88% 20.4% 126.79%
Depreciation, Depletion And Amortization $9.000K $6.000K $9.000K
YoY Change
Cash From Operating Activities -$6.700M -$8.969M -$28.70M
YoY Change 28.85% 210.02% 250.0%
INVESTING ACTIVITIES
Capital Expenditures $6.000K $17.00K $88.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.000K $135.0K
YoY Change
Cash From Investing Activities -$6.000K -$16.00K $47.00K
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 -8.000K -75.00K 24.68M
YoY Change -233.33% 36.36% 240.89%
NET CHANGE
Cash From Operating Activities -6.700M -8.969M -28.70M
Cash From Investing Activities -6.000K -16.00K 47.00K
Cash From Financing Activities -8.000K -75.00K 24.68M
Net Change In Cash -6.681M -9.060M -3.975M
YoY Change 28.53% 207.33% 321.08%
FREE CASH FLOW
Cash From Operating Activities -$6.700M -$8.969M -$28.70M
Capital Expenditures $6.000K $17.00K $88.00K
Free Cash Flow -$6.706M -$8.986M -$28.79M
YoY Change

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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the Company’s consolidated financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, expenses and the disclosure of contingent assets and liabilities in the Company’s consolidated financial statements and accompanying notes. Significant management estimates that affect the reported amounts of assets, liabilities and expenses include stock-based compensation expense and accruals for clinical trials and drug manufacturing. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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Camac Fund, LP
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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P5Y
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0

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