VACCINEX INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 14, 2024
VCNX$1.41-61.4%Stored close · as of Dec 17, 2024
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Condensed Statements of Cash Flows (Unaudited)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(15,260) | $(16,934) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 77 | 92 |
| Stock-based compensation | 284 | 370 |
| Change in fair value of warrant liability | (1,291) | - |
| Change in fair value of derivative asset | 81 | - |
| Loss on settlement of warrants | 1,106 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (24) | (758) |
| Prepaid expenses and other current assets | 1 | 17 |
| Accounts payable | 2,826 | 2,707 |
| Accrued expenses | (42) | 864 |
| Deferred revenue | (12) | - |
| Net cash used in operating activities | (12,254) | (13,642) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (22) | (67) |
| Net cash used in investing activities | (22) | (67) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock, andpre-funded warrants in private placement offerings | 2,529 | - |
| Proceeds from exercise of warrants | 5,920 | - |
| Proceeds from issuance of warrants in private placement offerings | 1,113 | - |
| Proceeds from private offering of common stock | - | 6,234 |
| Payments of long-term debt | (58) | (57) |
| Proceeds from issuance of preferred stock and accompanying warrants | 1,697 | - |
| Proceeds from issuance of common stock, andprivate placement warrants | 2,446 | - |
| Proceeds from issuance of common stock | - | 1,268 |
| Net cash provided by financing activities | 13,647 | 7,445 |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 1,371 | (6,264) |
| CASH AND CASH EQUIVALENTS–Beginning of period | 1,535 | 6,391 |
| CASH AND CASH EQUIVALENTS–End of period | $2,906 | $127 |
| SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Warrant inducement (transaction costs incurred but not paid) | $297 | |
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