PALISADE BIO INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 12, 2024
PALI$1.13-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
nts of Cash Flows (Unaudited)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net loss | $(11,094) | $(9,329) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 3 | 4 |
| Non-cash operating lease expense | 85 | 76 |
| Recurring fair value measurements of liabilities | (159) | 153 |
| Issuance of common stock to vendors | 124 | — |
| Loss on disposal of property and equipment | 4 | — |
| Stock-based compensation and related charges | 575 | 439 |
| Other | — | (108) |
| Changes in operating assets and liabilities: | ||
| Prepaid and other current assets and other noncurrent assets | 542 | 596 |
| Accounts payable and accrued liabilities | 526 | (184) |
| Accrued compensation and benefits | (329) | 43 |
| Operating lease liabilities | (89) | (77) |
| Net cash used in operating activities | (9,812) | (8,387) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | — | (4) |
| Net cash used in investing activities | — | (4) |
| Cash flows from financing activities: | ||
| Payments on insurance financing debt | (270) | (290) |
| Proceeds from issuance of common stock and warrants | 4,000 | 9,419 |
| Proceeds from the exercise of warrants | 2,503 | 2,758 |
| Payment of warrant inducement issuance costs | (343) | — |
| Payment of equity issuance costs | (456) | (567) |
| Proceeds from issuance of common stock under Employee Stock Purchase Plan | 11 | — |
| Shares withheld for payment of employee withholding tax liability | (25) | — |
| Net cash provided by financing activities | 5,420 | 11,320 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (4,392) | 2,929 |
| Cash, cash equivalents and restricted cash, beginning of year | 12,458 | 12,409 |
| Cash, cash equivalents and restricted cash, end of period | $8,066 | $15,338 |
| Reconciliation of cash, cash equivalents and restricted cash to the balance sheets: | ||
| Cash and cash equivalents | $8,040 | $15,312 |
| Restricted cash | 26 | 26 |
| Total cash, cash equivalents and restricted cash | $8,066 | $15,338 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $8 | $10 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Warrant inducement and equity issuance costs included in accounts payable and accrued liabilities | $— | $50 |
| Non-cash impact of exercise price reset on outstanding warrants related to down round provisions | — | 16 |
| Fair value of warrants issued to solicitation agent | 94 | — |
| Fair value of warrants issued to placement agent | 249 | 384 |
| Deferred equity issuance costs recognized as a reduction in additional paid-in capital from financing activities | 37 | — |
| Insurance financing debt included in prepaid and other current assets and other noncurrent assets | 347 | 461 |
| Incremental fair value of modified warrants (Note 5) | 1,975 | — |
PALISADE BIO, INC.
NOTES TO CONDENSED CONSO
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