Galecto Inc

For the period ended Dec 31, 2023. Filed Mar 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 8, 2024

DMRA$24.07+1.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share and per share amounts)

	December 31,
	2023	2022
Assets
Current assets
Cash and cash equivalents	$21,465	$32,786
Marketable securities	11,686	27,438
Prepaid expenses and other current assets	3,623	3,686
Total current assets	36,774	63,910
Marketable securities, non-current	-	5,832
Operating lease right-of-use asset	247	810
Equipment, net	78	357
Other assets, non-current	1,128	2,279
Total assets	$38,227	$73,188
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$1,702	$3,350
Accrued expenses and other current liabilities	4,128	7,757
Total current liabilities	5,830	11,107
Operating lease liabilities, non-current	66	328
Total liabilities	5,896	11,435
Commitments and contingencies (Note 9)
Stockholders’ equity
Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized at December 31, 2023 and 2022; no shares issued or outstanding as of December 31, 2023 and 2022	—	—
Common stock, par value of $0.00001 per share; 300,000,000 shares authorized at December 31, 2023 and 2022; 27,112,697 and 25,652,392 shares issued and outstanding at December 31, 2023 and 2022, respectively	—	—
Additional paid-in capital	288,036	279,733
Accumulated deficit	(256,085)	(217,736)
Accumulated other comprehensive gain (loss)	380	(244)
Total stockholders’ equity	32,331	61,753
Total liabilities and stockholders’ equity	$38,227	$73,188

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.