Nuwellis, Inc.
For the period ended Mar 31, 2025. Filed May 13, 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 13, 2025
NUWE$4.94+7.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $2,557 | $5,095 |
| Accounts receivable | 1,540 | 1,727 |
| Inventories, net | 1,752 | 1,718 |
| Other current assets | 274 | 315 |
| Total current assets | 6,123 | 8,855 |
| Property, plant and equipment, net | 405 | 478 |
| Operating lease right-of-use asset | 457 | 510 |
| Other assets | 21 | 21 |
| TOTAL ASSETS | $7,006 | $9,864 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $1,731 | $1,640 |
| Accrued compensation | 689 | 640 |
| Current portion of operating lease liability | 243 | 238 |
| Other current liabilities | 86 | 41 |
| Total current liabilities | 2,749 | 2,559 |
| Common stock warrant liability | 426 | 468 |
| Operating lease liability | 249 | 307 |
| Total liabilities | 3,424 | 3,334 |
| Commitments and contingencies | ||
| Mezzanine EquitySeries J Convertible Preferred Stock as of March 31, 2025 and December 31, 2024, par value $0.0001 per share; authorized 600,000 shares, issued and outstanding 110 and 102, respectively | 4 | 2 |
| Stockholders’ equity | ||
| Series A junior participating preferred stock as of March 31, 2025 and December 31, 2024, par value $0.0001 per share; authorized 30,000 shares, none outstanding | — | — |
| Series F convertible preferred stock as of March 31, 2025 and December 31, 2024, par value $0.0001 per share; authorized 18,000 shares, issued and outstanding 127 shares | — | — |
| Preferred stock as of March 31, 2025 and December 31, 2024, par value $0.0001 per share; authorized 39,352,000 shares, none outstanding | — | — |
| Common stock as of March 31, 2025 and December 31, 2024, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 4,373,968 and 4,373,968, respectively | — | — |
| Additional paid‑in capital | 305,432 | 305,366 |
| Accumulated other comprehensive income: | ||
| Foreign currency translation adjustment | (49) | (47) |
| Accumulated deficit | (301,805) | (298,791) |
| Total stockholders’ equity | 3,578 | 6,528 |
| TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | $7,006 | $9,864 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.