MEDICINOVA INC
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 10, 2026
MNOV$1.40-4.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Years ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net loss | $(11,997,957) | $(11,049,549) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Non-cash stock-based compensation | 829,095 | 1,191,740 |
| Depreciation and amortization | 20,099 | 21,077 |
| Gain on disposal of property and equipment | — | (198) |
| Change in carrying amount of right-of-use asset | 173,681 | 173,522 |
| Changes in assets and liabilities: | ||
| Prepaid expenses and other assets | 530,000 | (491,005) |
| Accounts payable, accrued liabilities and other liabilities | 459,871 | (312,347) |
| Deferred revenue | 370,160 | — |
| Operating lease liabilities | (195,010) | (176,204) |
| Net cash used in operating activities | (9,810,061) | (10,642,964) |
| Investing activities: | ||
| Proceeds from sale of property and equipment | — | 198 |
| Acquisitions of property and equipment | (2,899) | (895) |
| Net cash used in investing activities | (2,899) | (697) |
| Financing activities: | ||
| Proceeds from issuance of equity under SEPA | 244,018 | — |
| Net cash provided by financing activities | 244,018 | — |
| Effect of exchange rate changes on cash and cash equivalents | 15,681 | 3,957 |
| Net change in cash and cash equivalents | (9,553,261) | (10,639,704) |
| Cash and cash equivalents, beginning of year | 40,359,738 | 50,999,442 |
| Cash and cash equivalents, end of year | $30,806,477 | $40,359,738 |
| Supplemental disclosure of cash flow information: | ||
| Right-of-use asset obtained in exchange for operating lease liability | — | $42,281 |
| Change in carrying amount of right-of-use asset due to termination of lease | — | $79,229 |
| Income taxes paid | $5,619 | $5,042 |
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