Evoke Pharma, Inc(NASDAQ:EVOK)
Evoke Pharma, Inc., a specialty pharmaceutical company, primarily focuses on the development and commercialization of drugs for the treatment of gastroenterological disorders and diseases. It is developing Gimoti, a metoclopramide nasal spray that has completed Phase III clinical trials to treat sym...
Website: http://www.evokepharma.com
Founded: 2007
Full Time Employees: 5
Sector: Healthcare
Industry: Drug Manufacturers-Specialty & Generic
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net product sales | 2,654,186 | 2,551,366 | 1,735,490 | 1,675,994 | 1,562,860 | 1,131,368 | 810,408 | 796,370 | 832,100 | 461,795 | 418,380 | 360,571 | 930,449 | 236,635 | 90,421 | ||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||
cost of goods sold | 104,024 | 41,478 | 92,529 | 59,024 | 34,908 | 57,357 | 50,591 | 190,084 | 89,775 | 67,774 | 22,760 | 136,679 | 58,435 | 68,253 | 64,751 | ||||||||||||||||
research and development | 11,677 | 4,645 | 22,560 | 92,357 | 66,990 | 27,207 | 40,388 | 191,478 | 41,717 | 35,723 | 81,699 | 195,229 | 277,825 | 103,846 | 205,032 | 5,782,094 | 463,853 | 641,542 | 822,444 | 1,205,599 | 746,882 | 695,360 | 625,497 | 1,388,791 | |||||||
selling, general and administrative | 3,824,142 | 3,733,450 | 3,139,536 | 3,482,328 | 3,131,389 | 2,766,077 | 2,847,940 | 2,288,861 | 2,614,488 | 2,315,175 | 2,405,075 | 1,735,524 | 2,635,161 | 2,142,149 | 2,338,295 | ||||||||||||||||
total operating expenses | 3,939,843 | 3,774,928 | 3,236,710 | 3,563,912 | 3,166,297 | 2,915,791 | 2,965,521 | 2,506,152 | 2,744,651 | 2,574,427 | 2,469,552 | 1,907,926 | 2,775,295 | 2,405,631 | 2,680,871 | 2,232,106 | 2,079,610 | 6,964,966 | 1,793,687 | 1,424,158 | 1,636,662 | 2,123,738 | 1,969,895 | 1,768,420 | 1,522,557 | 2,306,096 | |||||
income from operations | -1,285,657 | -1,223,562 | -1,501,220 | -1,887,918 | -1,603,437 | -1,784,423 | -2,155,113 | -1,709,782 | -1,912,551 | -2,112,632 | -2,051,172 | -1,547,355 | -1,844,846 | -2,168,996 | -2,590,450 | -2,209,086 | -2,079,610 | -6,964,966 | -1,793,687 | -1,424,158 | -1,636,662 | -2,123,738 | -1,969,895 | -1,768,420 | -1,522,557 | -2,306,096 | |||||
yoy | -19.82% | -31.43% | -30.34% | 10.42% | -16.16% | -15.54% | 5.07% | 10.50% | 3.67% | -2.60% | -20.82% | -29.95% | -11.29% | -68.86% | 44.42% | 55.12% | 27.06% | 227.96% | -8.95% | -19.47% | 7.49% | -7.91% | |||||||||
qoq | 5.07% | -18.50% | -20.48% | 17.74% | -10.14% | -17.20% | 26.05% | -10.60% | -9.47% | 3.00% | 32.56% | -16.13% | -14.94% | -16.27% | 17.26% | 6.23% | -70.14% | 288.30% | 25.95% | -12.98% | -22.93% | 7.81% | 11.39% | 16.15% | -33.98% | ||||||
other income: | |||||||||||||||||||||||||||||||
interest income | 99,294 | 81,001 | 46,058 | 26,544 | 35,558 | 41,164 | 35,331 | 32,588 | 24,714 | 3,910 | 795 | 1,019 | 1,421 | 3,011 | 3,164 | 776 | 1,033 | 485 | 3,378 | 5,930 | 8,597 | 9,642 | 4,629 | 7,788 | 3,089 | 2,903 | |||||
interest expense | -126,027 | -124,657 | -124,658 | -126,027 | -126,028 | -124,658 | -123,288 | -126,027 | -126,027 | -124,658 | -123,288 | -126,026 | -126,027 | -124,658 | -123,339 | -59,552 | -50,528 | -2,914 | |||||||||||||
total other income | -26,733 | -43,656 | -78,600 | -93,439 | -101,313 | -120,748 | -122,493 | -125,007 | -124,606 | -121,647 | -15,045 | -58,776 | -49,495 | -2,429 | 3,378 | 5,930 | 8,597 | 9,642 | 4,629 | 7,788 | 3,089 | 2,903 | |||||||||
net income | -1,312,390 | -1,267,218 | -1,579,820 | -1,987,401 | -1,693,907 | -1,867,917 | -2,243,070 | -1,803,221 | -2,013,864 | -2,233,380 | -2,173,665 | -1,672,362 | -1,969,452 | -2,290,643 | -2,605,495 | -2,267,862 | -2,129,105 | -6,967,395 | -1,790,309 | -1,418,228 | -1,628,065 | -2,114,096 | -1,965,266 | -1,760,632 | -1,519,468 | -2,303,193 | |||||
yoy | -22.52% | -32.16% | -29.57% | 10.21% | -15.89% | -16.36% | 3.19% | 7.82% | 2.26% | -2.50% | -16.57% | -26.26% | -7.50% | -67.12% | 45.53% | 59.91% | 30.78% | 229.57% | -8.90% | -19.45% | 7.15% | -8.21% | |||||||||
qoq | 3.56% | -19.79% | -20.51% | 17.33% | -9.32% | -16.72% | 24.39% | -10.46% | -9.83% | 2.75% | 29.98% | -15.08% | -14.02% | -12.08% | 14.89% | 6.52% | -69.44% | 289.17% | 26.24% | -12.89% | -22.99% | 7.57% | 11.62% | 15.87% | -34.03% | ||||||
net income per share | -0.94 | -0.93 | -0.17 | -0.59 | -0.51 | -0.56 | -0.67 | -0.53 | -0.6 | -0.71 | -0.07 | -0.06 | -0.06 | -0.07 | -0.08 | -0.09 | -0.08 | -0.28 | -0.07 | -0.06 | -0.07 | -0.09 | -0.11 | -0.1 | -0.09 | -0.14 | |||||
weighted-average shares used for eps calculation | 1,399,882 | 1,363,525 | 9,082,139 | 3,343,070 | 3,343,070 | 3,343,070 | 3,343,070 | 3,143,626 | 3,343,070 | 3,156,925 | 32,777,294 | 32,185,758 | 32,542,481 | 32,386,004 | 31,158,065 | 25,492,169 | 26,146,220 | 24,987,975 | 24,439,881 | 22,296,089 | 24,128,060 | 23,258,567 | 17,484,318 | 16,602,422 | 17,129,649 | 16,425,468 | |||||
total other | -65,480.25 | -90,470 | -83,494 | -87,957 | |||||||||||||||||||||||||||
forgiveness of paycheck protection loan and accrued interest | 105,130 | ||||||||||||||||||||||||||||||
general and administrative | 1,096,821 | 1,874,578 | 1,182,872 | 1,329,834 | 782,616 | 814,218 | 918,139 | 1,223,013 | 1,073,060 | 897,060 | 917,305 | ||||||||||||||||||||
gain from change in fair value of warrant liability | |||||||||||||||||||||||||||||||
change in fair value of warrant liability | 108,348 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||
cash and cash equivalents | 11,339,032 | 9,177,836 | 9,702,755 | 4,739,426 | 5,964,826 | 7,006,431 | 8,212,804 | 9,843,699 | 12,350,024 | 13,450,949 | 7,701,201 | 9,144,710 | 11,141,908 | 16,720,939 | 18,185,974 | 8,068,939 | 6,280,656 | 7,990,392 | 4,133,188 | 5,663,833 | 6,504,802 | 7,440,079 | 4,028,550 | 5,319,004 | 6,567,918 | 6,531,079 | 7,679,267 | 9,007,071 | 8,691,155 | 14,155,809 | 24,196,691 |
accounts receivable | 2,022,518 | 2,003,003 | 1,451,904 | 673,071 | 1,233,904 | 1,023,813 | 687,302 | 624,832 | 674,970 | 365,643 | 418,910 | 295,193 | 222,166 | 198,411 | 127,795 | 23,311 | |||||||||||||||
prepaid expenses | 146,704 | 382,936 | 704,215 | 885,040 | 37,855 | 371,348 | 671,386 | 952,954 | 307,919 | 615,832 | 923,746 | 307,254 | 614,508 | 921,762 | 336,432 | 193,902 | 387,803 | 581,706 | 775,607 | 109,739 | 219,479 | 329,218 | 438,957 | 83,682 | 251,046 | 267,711 | 833,276 | 931,461 | 234,262 | ||
inventories | 493,408 | 544,765 | 588,776 | ||||||||||||||||||||||||||||
other current assets | 36,421 | 27,675 | 6,312 | 47,532 | 98,094 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,703 | 11,703 | 30,300 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 7,997 | 161,436 | ||||||
total current assets | 14,038,083 | 12,136,215 | 12,453,962 | 6,826,909 | 7,839,604 | 8,926,855 | 9,947,910 | 11,722,414 | 13,256,849 | 14,404,396 | 9,026,270 | 10,560,734 | 11,600,842 | 17,472,348 | 19,176,024 | 9,280,792 | 6,714,784 | 8,195,845 | 4,532,542 | 6,245,539 | 7,291,960 | 7,561,369 | 4,259,580 | 5,648,222 | 7,006,875 | 6,626,312 | 7,930,313 | 9,282,779 | 9,524,431 | 15,248,706 | 24,430,953 |
deferred offering costs | 115,488 | 241,637 | |||||||||||||||||||||||||||||
total assets | 14,153,571 | 12,136,215 | 12,453,962 | 7,068,546 | 7,852,974 | 8,979,697 | 10,039,307 | 11,851,488 | 13,410,520 | 14,404,396 | 9,026,270 | 10,573,162 | 11,649,959 | 17,557,281 | 19,295,950 | 9,434,048 | 6,750,899 | 8,267,056 | 4,637,894 | 6,395,628 | 7,327,358 | 7,631,164 | 4,362,832 | 5,659,773 | 7,018,426 | 6,626,312 | 7,941,864 | 9,294,330 | 9,532,428 | 15,301,729 | 24,986,458 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 2,188,164 | 2,183,850 | 1,953,959 | 1,711,778 | 1,397,442 | 1,415,309 | 1,185,925 | 934,312 | 1,020,690 | 824,481 | 944,478 | 874,028 | 530,528 | 519,001 | 691,225 | 1,273,572 | 765,603 | 604,832 | 925,628 | 1,033,383 | 1,154,520 | 407,517 | 491,831 | 476,202 | 625,994 | 441,085 | 1,048,927 | 478,223 | 927,606 | 1,011,629 | 284,915 |
accrued compensation | 590,634 | 425,797 | 265,881 | 1,324,010 | 829,669 | 612,932 | 400,251 | 591,158 | 716,993 | 528,665 | 412,198 | 519,317 | 810,790 | 621,476 | 428,794 | 1,016,232 | 715,423 | 860,521 | 685,266 | 843,162 | 964,243 | 807,706 | 692,304 | 1,158,251 | 984,683 | 824,849 | 1,025,911 | 933,450 | 760,782 | 697,245 | 557,399 |
note payable | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | |||||||||||||
accrued interest payable | 1,987,637 | 1,861,610 | 1,736,953 | 1,612,295 | 1,486,268 | 1,360,240 | 1,235,583 | 1,112,295 | 986,268 | 860,240 | 735,583 | 612,295 | 486,268 | 360,240 | 235,583 | 112,994 | 53,005 | ||||||||||||||
total current liabilities | 9,766,435 | 9,471,257 | 8,956,793 | 3,035,788 | 2,240,481 | 2,081,083 | 1,677,573 | 1,654,544 | 1,877,983 | 1,353,146 | 1,356,676 | 1,405,773 | 1,390,435 | 6,231,435 | 6,248,983 | 7,535,677 | 6,621,309 | 6,640,732 | 1,716,246 | 2,015,083 | 2,154,161 | 1,285,018 | 1,287,387 | 1,634,453 | 1,610,677 | 1,265,934 | 2,074,838 | 1,411,673 | 1,834,440 | 1,871,617 | 2,284,906 |
total liabilities | 9,766,435 | 9,471,257 | 8,956,793 | 9,648,083 | 8,726,749 | 8,441,323 | 7,913,156 | 7,766,839 | 7,877,622 | 7,213,386 | 7,092,259 | 7,018,068 | 6,876,703 | 11,591,675 | 11,484,566 | 12,648,671 | 8,674,314 | 8,640,732 | 1,634,453 | 1,610,677 | 1,265,934 | 5,776,115 | 5,506,692 | 6,067,499 | 6,113,065 | 3,803,197 | |||||
commitments and contingencies | |||||||||||||||||||||||||||||||
stockholdersʼ equity | |||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 89 | 73 | 859 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 3,292 | 3,266 | 3,266 | 3,244 | 3,237 | 2,662 | 2,633 | 2,601 | 2,446 | 2,443 | 2,423 | 2,411 | 1,788 | 1,743 | 1,743 | 1,690 | 1,541 | 1,235 | 720 | 611 | 610 |
additional paid-in capital | 131,985,913 | 128,951,361 | 128,515,568 | 120,859,567 | 120,577,928 | 120,296,170 | 120,016,030 | 119,731,458 | 119,376,486 | 119,020,734 | 111,527,397 | 110,974,841 | 110,520,641 | 109,743,561 | 109,298,703 | 95,667,776 | 94,691,151 | 94,111,817 | 90,439,901 | 90,108,492 | 89,482,936 | 89,027,832 | 83,643,658 | 82,628,312 | 82,250,109 | 80,683,323 | 73,202,863 | 62,595,546 | 51,524,821 | 45,127,202 | 43,874,119 |
accumulated deficit | -127,598,866 | -126,286,476 | -125,019,258 | -123,439,438 | -121,452,037 | -119,758,130 | -117,890,213 | -115,647,143 | -113,843,922 | -111,830,058 | -109,596,678 | -107,423,013 | -105,750,651 | -103,781,199 | -101,490,556 | -98,885,061 | -96,617,199 | -94,488,094 | -87,520,699 | -85,730,390 | -84,312,162 | -82,684,097 | -80,570,001 | -78,604,735 | -76,844,103 | -75,324,635 | -71,038,655 | -58,809,143 | -48,060,612 | -35,939,149 | |
total stockholdersʼ equity | 4,387,136 | 2,664,958 | |||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 14,153,571 | 12,136,215 | 12,453,962 | 7,068,546 | 7,852,974 | 8,979,697 | 10,039,307 | 11,851,488 | 13,410,520 | 14,404,396 | 9,026,270 | 10,573,162 | 11,649,959 | 17,557,281 | 8,267,056 | 4,637,894 | 6,395,628 | 7,327,358 | 7,631,164 | 4,362,832 | 5,659,773 | 7,018,426 | 6,626,312 | 7,941,864 | 9,294,330 | 9,532,428 | 15,301,729 | ||||
stockholders' equity | |||||||||||||||||||||||||||||||
total stockholders' equity | 3,497,169 | -2,579,537 | -873,775 | 538,374 | 2,126,151 | 4,084,649 | 5,532,898 | 7,191,010 | 1,934,011 | 3,555,094 | 4,773,256 | 5,965,606 | -373,676 | 2,921,648 | 4,380,545 | 5,173,197 | 6,346,146 | 3,075,445 | 4,025,320 | 5,407,749 | 5,360,378 | 2,165,749 | 3,787,638 | 3,464,929 | 9,188,664 | ||||||
inventory | 481,840 | 504,925 | 513,712 | 364,867 | 289,378 | 220,304 | 268,334 | 278,776 | 185,534 | 225,217 | 234,041 | 236,044 | 236,480 | 86,145 | |||||||||||||||||
operating lease right-of-use asset | 13,370 | 52,842 | 91,397 | 129,074 | 153,671 | 12,428 | 49,117 | 84,933 | 119,926 | 141,705 | 36,115 | 71,211 | 105,352 | 138,538 | 35,398 | 69,795 | 103,252 | ||||||||||||||
operating lease liability | 13,370 | 52,842 | 91,397 | 129,074 | 140,300 | 12,428 | 49,117 | 84,933 | 119,926 | 141,705 | 36,115 | 71,211 | 105,352 | 138,538 | 35,398 | 69,795 | 103,252 | ||||||||||||||
long-term liabilities: | |||||||||||||||||||||||||||||||
total long-term liabilities | 6,612,295 | 6,486,268 | 6,360,240 | 6,235,583 | 6,112,295 | 5,999,639 | 5,860,240 | 5,735,583 | 5,612,295 | 5,486,268 | 5,360,240 | 5,235,583 | 5,112,994 | 2,053,005 | |||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||
long-term liabilities | |||||||||||||||||||||||||||||||
operating lease liability, non-current | 13,371 | ||||||||||||||||||||||||||||||
other assets | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 11,551 | 7,997 | 53,023 | 555,505 | ||||||||||||||||||||||
paycheck protection program loan | 104,168 | 104,168 | 104,168 | ||||||||||||||||||||||||||||
milestone payable | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||||||||||||||||||||
other current liabilities | 6,025 | 9,038 | 12,313 | ||||||||||||||||||||||||||||
liabilities and stockholders' (deficit) equity | |||||||||||||||||||||||||||||||
stockholders' (deficit) equity: | |||||||||||||||||||||||||||||||
total stockholders' (deficit) equity | 7,811,384 | -3,214,623 | -1,923,415 | ||||||||||||||||||||||||||||
total liabilities and stockholders' (deficit) equity | 19,295,950 | 9,434,048 | 6,750,899 | ||||||||||||||||||||||||||||
warrant liability | 3,701,277 | 4,095,019 | |||||||||||||||||||||||||||||
current portion of long-term debt | 146,052 | 150,430 | 1,442,592 | ||||||||||||||||||||||||||||
long-term debt | 4,233,059 | 4,241,448 | 1,511,461 | ||||||||||||||||||||||||||||
other long-term liabilities | |||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||||||
deferred rent expense | 6,830 | ||||||||||||||||||||||||||||||
series a convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||
deficit accumulated during the development stage | -22,691,468 | ||||||||||||||||||||||||||||||
total stockholders’ equity | 21,183,261 | ||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 24,986,458 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||
net income | -1,312,390 | -1,267,218 | -1,579,820 | -1,987,401 | -1,693,907 | -1,867,917 | -2,243,070 | -1,803,221 | -2,013,864 | -2,233,380 | -2,173,665 | -1,672,362 | -1,969,452 | -2,290,643 | -2,605,495 | -2,267,862 | -2,129,105 | -6,967,395 | -1,790,309 | -1,418,228 | -1,628,065 | -2,114,096 | -1,965,266 | -1,760,632 | -1,519,468 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||
stock-based compensation expense | 131,587 | 126,578 | 254,029 | 281,639 | 281,758 | 280,140 | 284,572 | 354,972 | 355,752 | 366,924 | 381,061 | 454,200 | 463,995 | 399,411 | 561,348 | 476,867 | 478,574 | 362,955 | 310,162 | 318,855 | 331,303 | 344,841 | 378,959 | 378,203 | 380,062 |
non-cash interest expense | 126,027 | ||||||||||||||||||||||||
non-cash lease expense | 13,370 | 39,472 | 38,556 | 37,676 | 24,597 | ||||||||||||||||||||
change in operating assets and liabilities: | |||||||||||||||||||||||||
accounts receivable | -19,515 | -551,099 | -778,833 | 560,833 | -210,091 | -336,511 | -62,470 | 50,138 | -309,327 | 53,267 | -123,717 | -73,027 | -23,755 | -70,616 | -104,484 | ||||||||||
prepaid expenses and other current assets | 227,486 | 299,916 | 222,045 | ||||||||||||||||||||||
inventories | 51,357 | 44,011 | -106,936 | ||||||||||||||||||||||
accounts payable and accrued expenses | -188,084 | 242,624 | 343,596 | 23,776 | 344,743 | ||||||||||||||||||||
accrued compensation | 164,837 | 159,916 | -1,058,129 | 494,341 | 216,737 | 212,681 | -190,907 | -125,836 | 188,328 | 116,467 | -107,119 | -291,473 | 189,314 | 192,682 | -587,438 | ||||||||||
operating lease liabilities | -13,370 | -39,472 | -38,556 | -37,676 | -24,597 | ||||||||||||||||||||
net cash from operating activities | -818,695 | -820,615 | -2,579,390 | -1,106,104 | -1,041,605 | -1,206,373 | -1,630,895 | -2,506,325 | -1,100,925 | -1,373,707 | -1,615,030 | -1,997,198 | -5,892,138 | -1,510,489 | -2,953,119 | -1,711,504 | -1,810,528 | -1,556,080 | -1,551,895 | -1,147,690 | -1,059,090 | -1,628,427 | -1,926,886 | -1,248,914 | -1,149,938 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -818,695 | -820,615 | -2,579,390 | -1,106,104 | -1,041,605 | -1,206,373 | -1,630,895 | -2,506,325 | -1,100,925 | -1,373,707 | -1,615,030 | -1,997,198 | -5,892,138 | -1,510,489 | -2,953,119 | -1,711,504 | -1,810,528 | -1,556,080 | -1,551,895 | -1,147,690 | -1,059,090 | -1,628,427 | -1,926,886 | -1,248,914 | -1,149,938 |
financing activities | |||||||||||||||||||||||||
proceeds from february 2024 offering, net of issuance costs | 0 | -1 | 6,718,212 | ||||||||||||||||||||||
payment of february 2024 offering costs | 0 | 0 | -426,293 | ||||||||||||||||||||||
proceeds from march 2024 warrant amendment, net of issuance costs | |||||||||||||||||||||||||
proceeds from june 2024 warrant amendment, net of issuance costs | |||||||||||||||||||||||||
payment of august 2024 shelf registration statement offering costs | |||||||||||||||||||||||||
proceeds from september 2024 exercise price warrant amendment, net of issuance costs | |||||||||||||||||||||||||
proceeds from september 2024 warrant amendment, net of issuance costs | |||||||||||||||||||||||||
proceeds from exercise of pre-funded warrants | |||||||||||||||||||||||||
redemption of fractional shares due to reverse stock split | |||||||||||||||||||||||||
net cash from financing activities | 2,979,891 | 295,696 | 7,542,719 | 0 | 0 | 7,123,455 | 171,521 | 0 | 313,107 | 45,454 | 13,070,154 | 3,499,787 | 100,792 | 5,413,284 | 21,250 | 306,721 | 123,813 | 5,039,956 | 636,432 | 0 | 1,186,777 | ||||
net increase in cash and cash equivalents | 2,161,196 | -524,919 | 4,963,329 | -2,506,325 | -1,100,925 | 5,749,748 | -1,443,509 | -1,997,198 | -5,579,031 | -1,465,035 | 10,117,035 | 1,788,283 | -1,709,736 | -840,969 | -935,277 | 36,839 | |||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 4,739,426 | 0 | 0 | 0 | 9,843,699 | 0 | 0 | 0 | 9,144,710 | 0 | 0 | 0 | 8,068,939 | 0 | 0 | 0 | 5,663,833 | 0 | 0 | 0 | 5,319,004 | 0 | 0 |
cash and cash equivalents at end of period | 2,161,196 | -524,919 | 9,702,755 | -1,225,400 | -1,041,605 | -1,206,373 | 8,212,804 | -2,506,325 | -1,100,925 | 5,749,748 | 7,701,201 | -1,997,198 | -5,579,031 | -1,465,035 | 18,185,974 | 1,788,283 | -1,709,736 | 3,857,204 | 4,133,188 | -840,969 | -935,277 | 3,411,529 | 4,028,550 | -1,248,914 | 36,839 |
supplemental disclosure of non-cash financial activities | |||||||||||||||||||||||||
august 2024 shelf registration statement costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||
september 2024 exercise price warrant amendment costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||
september 2024 warrant amendment costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||
raw materials | -25,816 | 0 | 283,283 | ||||||||||||||||||||||
finished goods | -25,541 | 168,456 | 93,026 | ||||||||||||||||||||||
total inventories | -51,357 | -44,011 | 588,776 | ||||||||||||||||||||||
proceeds from amendment and exercise of series b warrants, net of issuance costs | 295,697 | 1,250,800 | |||||||||||||||||||||||
warrant amendment costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||
interest expense | 124,658 | ||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities | |||||||||||||||||||||||||
offering costs included in accounts payable | 20,926 | ||||||||||||||||||||||||
work in process | 212,467 | ||||||||||||||||||||||||
prepaid expenses and other assets | -658,386 | -193,579 | 228,042 | 227,089 | 229,299 | -631,471 | 143,197 | 142,299 | 109,739 | -355,275 | |||||||||||||||
inventory | |||||||||||||||||||||||||
accrued interest payable | |||||||||||||||||||||||||
proceeds from issuance of common stock from atm | 0 | 171,521 | 0 | ||||||||||||||||||||||
payment of atm offering costs | |||||||||||||||||||||||||
cash paid for offering costs | |||||||||||||||||||||||||
net cash (used)/provided by financing activities | |||||||||||||||||||||||||
net (decrease)/ increase in cash and cash equivalents | |||||||||||||||||||||||||
non-cash financing activities | |||||||||||||||||||||||||
public offering costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||
operating lease right-of-use asset obtained in exchange for operating lease liabilities | |||||||||||||||||||||||||
common stock options | -15,369 | -6,000 | 76,250 | 569,351 | 0 | 0 | -4,921,615 | 5,413,466 | -136,874 | -377,374 | 135,448 | 5,392,259 | -195,806 | -13,306 | 297,000 | 3,989,371 | 0 | -118,500 | -439,753 | 3,672,624 | 0 | 0 | |||
total excluded securities | -15,369 | -6,000 | 76,250 | 569,351 | 0 | 0 | -4,933,615 | 5,425,466 | -136,874 | -539,580 | 135,448 | 7,234,138 | -188,280 | -547,267 | -60,719 | 6,727,646 | 17,706 | -111,206 | -445,879 | 6,392,311 | 26,879 | -130,612 | |||
prepaid expenses, inventory and other assets | 255,737 | 151,193 | 206,079 | 343,521 | 318,355 | 227,100 | 352,046 | 344,250 | 359,617 | ||||||||||||||||
accounts payable and other accrued expenses | |||||||||||||||||||||||||
accrued interest expense | 126,028 | 124,657 | 123,288 | 126,027 | 126,028 | 124,657 | 123,288 | 125,065 | 126,028 | 125,619 | 122,589 | ||||||||||||||
payment of common stock offering costs from atm | |||||||||||||||||||||||||
net (decrease)/increase in cash and cash equivalents | |||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities | |||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for operating lease liabilities | |||||||||||||||||||||||||
accounts payable and other current liabilities | 229,384 | 251,613 | -86,378 | 208,637 | -119,997 | 58,022 | 307,773 | -30,314 | -201,192 | -604,126 | -19,860 | -179,682 | -298,837 | 869,143 | -2,369 | -482,878 | |||||||||
net decrease in cash and cash equivalents | -1,206,373 | -1,630,895 | -1,530,645 | -1,290,454 | |||||||||||||||||||||
warrants to purchase common stock | 12,000 | 0 | -162,206 | 0 | 1,841,879 | 0 | -478,598 | -393,084 | 2,713,561 | 0 | 0 | 0 | 2,713,561 | 0 | -84,000 | ||||||||||
reserve for obsolete inventory | |||||||||||||||||||||||||
forgiveness of paycheck protection loan and accrued interest | 0 | 0 | -962 | -104,168 | |||||||||||||||||||||
milestone payable | 0 | ||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | -21,250 | 3,309,116 | 21,250 | 306,721 | 123,813 | 5,039,956 | 636,432 | 0 | 1,186,777 | ||||||||||||||
payment of common stock offering costs | |||||||||||||||||||||||||
proceeds from issuance of common stock from exercise of stock options | 0 | ||||||||||||||||||||||||
deferred rent expense | 9,038 | ||||||||||||||||||||||||
proceeds from issuance of common stock from employee stock purchase plan | 1 | ||||||||||||||||||||||||
proceeds from issuance of common stock from stock options exercises | |||||||||||||||||||||||||
proceeds from paycheck protection program | 0 | 0 | |||||||||||||||||||||||
proceeds from eversana line of credit | 3,000,000 | 0 | |||||||||||||||||||||||
employee stock purchase plan | 7,526 | -55,363 | 35,365 | 24,714 | 17,706 | 6,126 | 8,088 | -16,447 | |||||||||||||||||
proceeds from issuance of common stock, net of cost of 1,304,846 | 13,070,154 | ||||||||||||||||||||||||
accounts payable and accrued liabilities | |||||||||||||||||||||||||
milestone expense | 0 | ||||||||||||||||||||||||
accrued interest | |||||||||||||||||||||||||
proceeds from issuance of common stock from stock option exercised | |||||||||||||||||||||||||
change in fair value of warrant liability | 0 | 0 | |||||||||||||||||||||||
reclassification of warrant liability to equity due to amendment of warrants | 0 | 0 | |||||||||||||||||||||||
common stock subject to repurchase | |||||||||||||||||||||||||
reclassification of warrant liability to equity due to exercise of warrants | |||||||||||||||||||||||||
non-cash interest | |||||||||||||||||||||||||
financing costs allocated to warrant liability | |||||||||||||||||||||||||
payment on bank loan | |||||||||||||||||||||||||
proceeds from issuance of common stock and warrants | |||||||||||||||||||||||||
supplemental disclosure of cash flow information | |||||||||||||||||||||||||
interest paid | |||||||||||||||||||||||||
fair value of warrants issued to placement agent | |||||||||||||||||||||||||
deferred financing costs paid in prior year | |||||||||||||||||||||||||
proceeds from bank line of credit | |||||||||||||||||||||||||
payment on bank line of credit | |||||||||||||||||||||||||
costs paid in connection with loan origination | |||||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||
non-cash financing activities deferred financing costs paid in prior year | |||||||||||||||||||||||||
other assets | |||||||||||||||||||||||||
issuance of series a convertible preferred stock warrants | |||||||||||||||||||||||||
conversion of series a convertible preferred stock to common stock at the initial public offering | |||||||||||||||||||||||||
change in fair value of purchase right liability | |||||||||||||||||||||||||
proceeds from convertible promissory note | |||||||||||||||||||||||||
proceeds from bank line of credit and loan advances | |||||||||||||||||||||||||
proceeds from issuance of preferred stock and purchase rights | |||||||||||||||||||||||||
proceeds from exercise of stock options | |||||||||||||||||||||||||
supplemental disclosures of cash flow information | |||||||||||||||||||||||||
conversion of convertible promissory note and accrued interest to series a convertible preferred stock | |||||||||||||||||||||||||
gross proceeds | |||||||||||||||||||||||||
underwriting discounts and commissions and non-accountable expense allowance | |||||||||||||||||||||||||
total offering costs | |||||||||||||||||||||||||
net proceeds |
