PALISADE BIO INC
For the period ended Mar 31, 2024. Filed May 13, 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 13, 2024
PALI$1.13-5.0%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
nts of Cash Flows (Unaudited)
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net loss | $(3,527) | $(2,340) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 1 | 1 |
| Non-cash operating lease expense | 28 | 25 |
| Recurring fair value measurements of liabilities | — | (43) |
| Loss on disposal of property and equipment | 4 | — |
| Stock-based compensation and related charges | 118 | 93 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | (250) |
| Prepaid and other current assets and other noncurrent assets | 174 | 278 |
| Accounts payable and accrued liabilities | 615 | (970) |
| Accrued compensation and benefits | (565) | (295) |
| Operating lease liabilities | (28) | (25) |
| Net cash used in operating activities | (3,180) | (3,526) |
| Cash flows from financing activities: | ||
| Payments on insurance financing debt | (158) | (88) |
| Proceeds from issuance of common stock and warrants | — | 2,231 |
| Proceeds from the exercise of warrants | 2,503 | 2,710 |
| Payment of warrant inducement issuance costs | (321) | — |
| Payment of equity issuance costs | — | (413) |
| Net cash provided by financing activities | 2,024 | 4,440 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (1,156) | 914 |
| Cash, cash equivalents and restricted cash, beginning of year | 12,458 | 12,409 |
| Cash, cash equivalents and restricted cash, end of period | $11,302 | $13,323 |
| Reconciliation of cash, cash equivalents and restricted cash to the balance sheets: | ||
| Cash and cash equivalents | $11,276 | $13,297 |
| Restricted cash | 26 | 26 |
| Total cash, cash equivalents and restricted cash | $11,302 | $13,323 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $2 | $— |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Warrant inducement and equity issuance costs included in accounts payable and accrued liabilities | $22 | $12 |
| Fair value of warrants issued to solicitation agent | 94 | |
| Fair value of warrants issued to placement agent | — | 173 |
| Cash receivable for exercises of warrants included in prepaid and other current assets | — | 48 |
| Incremental fair value of modified warrants (Note 5) | 1,975 | — |
PALISADE BIO, INC.
NOTES TO CONDENSED CONSO
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