Galecto Inc
For the period ended Jun 30, 2024. Filed Aug 12, 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.
Jun 30, 2024 · Filed Aug 12, 2024
DMRA$24.07+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets · (unaudited) | ||
| Current assets | ||
| Cash and cash equivalents | $22,862 | $21,465 |
| Marketable securities | — | 11,686 |
| Prepaid expenses and other current assets | 2,306 | 3,623 |
| Total current assets | 25,168 | 36,774 |
| Operating lease right-of-use asset | 76 | 247 |
| Equipment, net | 67 | 78 |
| Other assets, non-current | 1,986 | 1,128 |
| Total assets | $27,297 | $38,227 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $724 | $1,702 |
| Accrued expenses and other current liabilities | 2,985 | 4,128 |
| Total current liabilities | 3,709 | 5,830 |
| Operating lease liabilities, non-current | — | 66 |
| Total liabilities | 3,709 | 5,896 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; no shares issued or outstanding as of June 30, 2024 and December 31, 2023 | — | — |
| Common stock, par value of $0.00001 per share; 300,000,000 shares authorized at June 30, 2024 and December 31, 2023; 27,121,030 and 27,112,697 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 290,291 | 288,036 |
| Accumulated deficit | (266,900) | (256,085) |
| Accumulated other comprehensive gain | 197 | 380 |
| Total stockholders’ equity | 23,588 | 32,331 |
| Total liabilities and stockholders' equity | $27,297 | $38,227 |
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