Candel Therapeutics Inc
For the period ended Mar 31, 2024. Filed May 14, 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 14, 2024
CADL$8.75+8.8%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| MARCH 31,2024(Unaudited) | DECEMBER 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $25,713 | $35,413 |
| Prepaid expenses and other current assets | 1,423 | 1,384 |
| Total current assets | 27,136 | 36,797 |
| Fixed assets, net | 2,962 | 3,206 |
| Lease right of use assets | 751 | 816 |
| Restricted cash | 266 | 266 |
| Other assets | 102 | 116 |
| Total assets | $31,217 | $41,201 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $472 | $422 |
| Accrued expenses | 2,772 | 4,356 |
| Current portion of term loan payable to a bank | 9,767 | 8,893 |
| Current portion of lease liability | 526 | 513 |
| Total current liabilities | 13,537 | 14,184 |
| Term loan payable to a bank | 9,174 | 11,632 |
| Other long-term debt | 781 | 751 |
| Lease liability, net of current portion | 837 | 973 |
| Warrant liability | 909 | 916 |
| Total liabilities | 25,238 | 28,456 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued or outstanding at March 31, 2024 and December 31, 2023, respectively. | — | — |
| Common stock, $0.01 par value; 150,000,000 shares authorized at March 31, 2024 and December 31, 2023; 29,470,076 and 29,213,627 shares issued at March 31, 2024 and December 31, 2023, respectively; 29,347,468 and 29,091,019 shares outstanding at March 31, 2024 and December 31, 2023, respectively. | 292 | 290 |
| Treasury stock (at cost) | (448) | (448) |
| Additional paid-in capital | 151,384 | 149,931 |
| Accumulated deficit | (145,249) | (137,028) |
| Total stockholders’ equity | 5,979 | 12,745 |
| Total liabilities and stockholders’ equity | $31,217 | $41,201 |
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