Grace Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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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.
Dec 31, 2025 · Filed Feb 12, 2026
GRCE$1.86-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine months ended | ||
|---|---|---|
| December 31, 2025 | December 31, 2024 | |
| (Expressed in thousands) | $ | $ |
| Cash flows from operating activities: | ||
| Net loss | (6,615) | (10,204) |
| Adjustments: | ||
| Depreciation expense | 5 | 5 |
| Stock-based compensation | 616 | 600 |
| Change in fair value of derivative warrant liabilities | (900) | (578) |
| Deferred income tax benefit | — | (2,181) |
| Changes in operating assets and liabilities: | ||
| Receivables | 106 | 421 |
| Prepaid expenses | (66) | (300) |
| Trade and other payables | (320) | 287 |
| Net cash used in operating activities | (7,174) | (11,950) |
| Cash flows from investing activities: | ||
| Maturity of short-term investments | — | 15 |
| Purchase of short-term investments | — | (15) |
| Net cash used in investing activities | — | — |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock from common warrant exercises | 4,040 | — |
| Payment of stock issuance costs | (327) | — |
| Net cash provided by financing activities | 3,713 | — |
| Net decrease in cash and cash equivalents | (3,461) | (11,950) |
| Cash and cash equivalents, beginning of period | 22,133 | 23,005 |
| Cash and cash equivalents, end of period | 18,672 | 11,055 |
| Cash and cash equivalents are comprised of: | ||
| Cash | 1,187 | 836 |
| Cash equivalents | 17,485 | 10,219 |
| Supplemental schedule of non-cash financing activities are comprised of: | ||
| Settlement of derivative warrant liability | 241 | — |
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