Surrozen IncDE
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
SRZN$31.00+6.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements Unaudited Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
(In thousands, except per share amounts)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $101,645 | $34,565 |
| Accounts receivable | 2,130 | 2,039 |
| Accounts receivable – related party | 502 | 502 |
| Prepaid expenses and other current assets | 1,734 | 1,826 |
| Total current assets | 106,011 | 38,932 |
| Property and equipment, net | 295 | 562 |
| Operating lease right-of-use assets | 7,350 | 7,801 |
| Restricted cash | 688 | 688 |
| Warrant asset | 384 | 153 |
| Other assets | 101 | 331 |
| Total assets | $114,829 | $48,467 |
| Liabilities and stockholders’ equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $302 | $306 |
| Accrued and other liabilities | 9,090 | 5,180 |
| Lease liabilities, current portion | 1,190 | 1,829 |
| Total current liabilities | 10,582 | 7,315 |
| Lease liabilities, noncurrent portion | 6,778 | 6,640 |
| Tranche liability | 42,423 | — |
| Warrant liabilities | 49,372 | 55,892 |
| Total liabilities | 109,155 | 69,847 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, $0.0001 par value, 10,000 shares authorized; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.0001 par value, 500,000 shares authorized as of March 31, 2025 and December 31, 2024; 8,495 and 3,262 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1 | — |
| Additional paid-in-capital | 317,902 | 263,879 |
| Accumulated deficit | (312,229) | (285,259) |
| Total stockholders’ equity (deficit) | 5,674 | (21,380) |
| Total liabilities and stockholders’ equity (deficit) | $114,829 | $48,467 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.