Cytosorbents Corp
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
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FY2025 · Filed Mar 30, 2026
CTSO$5.80-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year ended · · Year ended | ||||||
| · · December 31, · · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows from operating activities: · · · · · | ||||||
| Net loss | | $(8,198) | | $(20,719) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Accrued final fee | | | — | | | 111 |
| Amortization of debt discount | | | 820 | | | 265 |
| Amortization of loan costs | | | — | | | 116 |
| Amortization of patents | | | 262 | | | 235 |
| Depreciation and amortization | | 1,234 | | | 1,335 | |
| Amortization of right-of-use asset | | | 135 | | | 174 |
| Write off of inventory | | | 253 | | | — |
| Bad debt expense | | 40 | | | 115 | |
| Loss on abandoned patents | | 559 | | | 334 | |
| Write off of fixed assets | | | 104 | | | — |
| Foreign currency transaction (gains) losses | | (9,321) | | | 4,225 | |
| Stock-based compensation | | | 2,765 | | | 3,760 |
| Changes in operating assets and liabilities: | | | | | ||
| Grants and accounts receivable | | 423 | | | (1,720) | |
| Inventories | | (2,540) | | | 500 | |
| Prepaid expenses and other current assets | | 1,791 | | | (1,352) | |
| Other assets | | 2 | | | 1 | |
| Accounts payable and accrued expenses | | (706) | | | (1,808) | |
| Net cash used in operating activities | | (12,377) | | | (14,428) | |
| | | | | | | |
| Cash flows from investing activities: | | | | | ||
| Purchases of property and equipment | | (164) | | | (284) | |
| Disposal of property and equipment | | | 76 | | | — |
| Patent costs | | (327) | | | (385) | |
| Net cash used in investing activities | | (415) | | | (669) | |
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Proceeds from long-term debt | | 2,478 | | 15,000 | ||
| Repayment of long-term debt | | — | | (5,000) | ||
| Payment of final fee | | | — | | | (150) |
| Payment of loan costs | | | — | | | (698) |
| Proceeds from rights offering, net | | 5,392 | | — | ||
| Cash for exercise of warrants, net | | | 1,439 | | | — |
| Equity contributions - net of fees incurred | | — | | | 179 | |
| Net cash provided by financing activities | | 9,309 | | | 9,331 | |
| Effect of exchange rates on cash | | 1,490 | | | (85) | |
| Net change in cash, cash equivalents, and restricted cash | | (1,993) | | | (5,851) | |
| | | | | | | |
| Cash, cash equivalents, and restricted cash at beginning of year | | 9,764 | | | 15,615 | |
| Cash, cash equivalents, and restricted cash at end of year | | $7,771 | | $9,764 | ||
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | ||
| Cash paid during the year for interest | | $2,082 | | $1,290 | ||
| | | | | | | |
| Supplemental disclosure of non-cash financing activities: | | | | | ||
| Warrants issued in connection with modification of long-term debt | | $627 | | $691 | ||
| Capital expenditures included in accounts payable | | $— | | $8 | ||
| Settlement of accrued bonuses with restricted stock units | | $— | | $198 | ||
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