ARS Pharmaceuticals Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
SPRY$3.57+13.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(10,292) | $(14,961) |
| Non-cash adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 3,315 | 2,250 |
| Depreciation | 11 | 20 |
| Amortization and accretion, net | (1,980) | (1,809) |
| Changes in operating assets and liabilities: | ||
| Prepaid and other assets | 867 | 445 |
| Donation of equipment | 30 | — |
| Accounts payable and accrued liabilities (including related party amounts of $102 and $291, respectively) | 1,344 | 4,756 |
| Operating right-of-use assets and lease liabilities, net | (5) | (3) |
| Contract liability | — | (3,127) |
| Net cash used in operating activities | (6,710) | (12,429) |
| Cash flows from investing activities: | ||
| Purchases of short-term investments, available-for-sale | (63,430) | (131,353) |
| Maturities of short-term investments, available-for-sale | 55,000 | 20,000 |
| Purchase of property and equipment | (83) | (193) |
| Net cash used in investing activities | (8,513) | (111,546) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of common stock options | 258 | 1,319 |
| Net cash provided by financing activities | 258 | 1,319 |
| Net change in cash and cash equivalents | (14,965) | (122,656) |
| Cash and cash equivalents at beginning of period | 70,971 | 210,518 |
| Cash and cash equivalents at end of period | $56,006 | $87,862 |
| Supplemental cash flow information: | ||
| Purchases of property and equipment included in accounts payable | $— | $91 |
| Purchases of property and equipment reclassed from prepaid expenses and other current assets | $— | $174 |
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