HCW Biologics Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 14, 2024
HCWB$1.02-1.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of operations
Condensed Statements of Operations
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | |
| Revenues: | ||||
| Revenues | $622,807 | $618,854 | $664,690 | $1,745,566 |
| Cost of revenues | (502,402) | (438,443) | (531,752) | (950,408) |
| Net revenues | 120,405 | 180,411 | 132,938 | 795,158 |
| Operating expenses: | ||||
| Research and development | 1,616,666 | 2,029,186 | 3,872,479 | 4,152,470 |
| General and administrative | 1,587,861 | 1,594,193 | 3,596,739 | 3,160,285 |
| Legal expenses | 1,426,399 | 10,393,042 | 2,534,811 | 14,812,076 |
| Nonoperating loss | — | 1,300,000 | — | 1,300,000 |
| Total operating expenses | 4,630,926 | 15,316,421 | 10,004,029 | 23,424,831 |
| Loss from operations | (4,510,521) | (15,136,010) | (9,871,091) | (22,629,673) |
| Interest expense | (95,514) | (159,666) | (188,951) | (159,666) |
| Other (expense) income, net | 301,615 | 15,485 | 684,936 | 41,086 |
| Net loss | $(4,304,420) | $(15,280,191) | $(9,375,106) | $(22,748,253) |
| Net loss per share, basic and diluted | $(0.12) | $(0.40) | $(0.26) | $(0.61) |
| Weighted average shares outstanding, basic and diluted | 35,910,669 | 37,823,394 | 35,897,224 | 37,523,491 |
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