Tempest Therapeutics Inc
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
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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 19, 2024
TPST$0.37+3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities: | ||
| Net loss | $(29,491) | $(35,709) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 381 | 638 |
| Stock-based compensation expense | 2,546 | 1,561 |
| Noncash lease expense | 1,698 | 1,176 |
| Noncash interest and other expense, net | 186 | 394 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other assets | 193 | 915 |
| Accounts payable | (263) | 1 |
| Accrued expenses and other liabilities | (992) | 1,709 |
| Interest payable | 16 | (256) |
| Operating lease liabilities | (1,631) | (1,501) |
| Cash used in operating activities | (27,357) | (31,072) |
| Investing activities: | ||
| Purchase of property and equipment | (170) | (562) |
| Repayment of related party note receivable | — | — |
| Cash used in investing activities | (170) | (562) |
| Financing activities: | ||
| Proceeds from the issuance of common stock, net of issuance costs | 35,602 | 8,861 |
| Proceeds from issuance of pre-funded warrants, net of issuance costs | — | 7,281 |
| Repayment of loan | — | (4,739) |
| Cash provided by financing activities | 35,602 | 11,403 |
| Net increase in cash and cash equivalents | 8,075 | (20,231) |
| Cash, cash equivalents and restricted cash at beginning of period | 31,598 | 51,829 |
| Cash, cash equivalents and restricted cash at end of period | 39,673 | 31,598 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $1,249 | $1,539 |
| Cash paid for business taxes | $191 | $18 |
| Operating lease right-of-use assets recognized in exchange for lease liabilities | $— | $10,660 |
| Non-cash operating activities: Lease modification | $— | $884 |
| Non-cash investing activities: Property and equipment in accounts payable | $— | $93 |
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