MEDICINOVA INC
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
MNOV$1.40-4.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Years ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(11,049,549) | $(8,571,516) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Non-cash stock-based compensation | 1,191,740 | 710,710 |
| Depreciation and amortization | 21,077 | 20,295 |
| Non-cash interest on investments | — | (346,390) |
| Loss on disposal of investments | — | 448,903 |
| (Gain) loss on disposal of property and equipment | (198) | 472 |
| Change in carrying amount of right-of-use asset | 173,522 | 194,502 |
| Changes in assets and liabilities: | ||
| Prepaid expenses and other assets | (491,005) | 287,628 |
| Accounts payable, accrued liabilities and other liabilities | (312,347) | 19,238 |
| Operating lease liabilities | (176,204) | (194,880) |
| Net cash used in operating activities | (10,642,964) | (7,431,038) |
| Investing activities: | ||
| Proceeds from disposal of investments | — | 39,929,015 |
| Proceeds from sale of property and equipment | 198 | — |
| Acquisitions of property and equipment | (895) | (21,299) |
| Net cash provided by (used in) investing activities | (697) | 39,907,716 |
| Effect of exchange rate changes on cash and cash equivalents | 3,957 | 17,271 |
| Net change in cash and cash equivalents | (10,639,704) | 32,493,949 |
| Cash and cash equivalents, beginning of year | 50,999,442 | 18,505,493 |
| Cash and cash equivalents, end of year | $40,359,738 | $50,999,442 |
| Supplemental disclosure of cash flow information: | ||
| Right-of-use asset obtained in exchange for operating lease liability | $42,281 | $139,001 |
| Change in carrying amount of right-of-use asset due to termination of lease | $79,229 | $— |
| Income taxes paid | $5,042 | $3,667 |
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