HCW Biologics Inc.
For the period ended Mar 31, 2025. Filed May 15, 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 15, 2025
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 cash flows
Condensed Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(7,468,061) | $(2,196,875) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 243,501 | 419,010 |
| Stock-based compensation | 244,685 | 275,642 |
| Commitment fee | — | 150,000 |
| Changes in the carrying amount of right-of-use asset | (418) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 631,873 | 494,708 |
| Prepaid expenses and other assets | 302,640 | (257,894) |
| Accounts payable and other liabilities | 2,498,451 | (2,398,447) |
| Operating lease liability | (56,541) | — |
| Net cash used in operating activities | (3,603,870) | (3,513,856) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (129,709) | — |
| Net cash used in investing activities | (129,709) | — |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock | 2,502,260 | 1,654 |
| Proceeds from issuance of debt, net | 1,750,000 | — |
| Issuance costs for common stock | — | (22,297) |
| Debt repayment | (29,706) | (32,460) |
| Net cash provided by (used in) financing activities | 4,222,554 | (53,103) |
| Net increase (decrease) in cash and cash equivalents | 488,975 | (3,566,959) |
| Cash and cash equivalents at the beginning of the period | 3,595,101 | 4,674,572 |
| Cash and cash equivalents at the end of the period | $4,084,076 | $1,107,613 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest, net of amounts capitalized | $— | $244,269 |
| Noncash operating, investing and financing activities: | ||
| Capital expenditures accrued, but not yet paid | $2,192,255 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.