SPRUCE BIOSCIENCES 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
SPRB$46.55+9.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
(in thousands, except share and per share amounts)
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $69,683 | $96,339 |
| Prepaid expenses | 2,698 | 3,876 |
| Other current assets | 1,531 | 1,968 |
| Total current assets | 73,912 | 102,183 |
| Right-of-use assets | 1,060 | 1,181 |
| Other assets | 547 | 582 |
| Total assets | $75,519 | $103,946 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $682 | $3,332 |
| Accrued expenses and other current liabilities | 10,683 | 14,600 |
| Term loan, current portion | 1,622 | 1,622 |
| Deferred revenue, current portion | 1,298 | 4,911 |
| Total current liabilities | 14,285 | 24,465 |
| Lease liabilities, net of current portion | 880 | 1,019 |
| Term loan, net of current portion | 923 | 1,717 |
| Other liabilities | 262 | 236 |
| Total liabilities | 16,350 | 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 June 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; 200,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 41,302,599 and 41,029,832 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 4 | 4 |
| Additional paid-in capital | 277,203 | 273,737 |
| Accumulated deficit | (218,038) | (197,232) |
| Total stockholders’ equity | 59,169 | 76,509 |
| Total liabilities and stockholders’ equity | $75,519 | $103,946 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.