SPRUCE BIOSCIENCES INC

For the period ended Mar 31, 2024. Filed May 13, 2024.

About this filing

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

SPRB$46.55+9.0%Stored close · as of Nov 6, 2026

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Condensed Balance Sheets

(in thousands, except share and per share amounts)

	March 31,	December 31,
	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$81,154	$96,339
Prepaid expenses	3,100	3,876
Other current assets	1,611	1,968
Total current assets	85,865	102,183
Right-of-use assets	1,121	1,181
Other assets	553	582
Total assets	$87,539	$103,946
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$1,891	$3,332
Accrued expenses and other current liabilities	11,973	14,600
Term loan, current portion	1,622	1,622
Deferred revenue	2,908	4,911
Total current liabilities	18,394	24,465
Lease liabilities, net of current portion	950	1,019
Term loan, net of current portion	1,321	1,717
Other liabilities	250	236
Total liabilities	20,915	27,437
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of March 31, 2024 and December 31, 2023	—	—
Common stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 41,154,799 and 41,029,832 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	4	4
Additional paid-in capital	275,477	273,737
Accumulated deficit	(208,857)	(197,232)
Total stockholders’ equity	66,624	76,509
Total liabilities and stockholders’ equity	$87,539	$103,946

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