InMed Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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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, 2023 · Filed Feb 13, 2024
INM$15.56+17.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Interim Statements of Cash Flows
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (unaudited)
| Note · 2023 · 2022 | |||||
|---|---|---|---|---|---|
| $ · $ | |||||
| Cash provided by (used in): | |||||
| Operating Activities | |||||
| Net loss | (4,015,013) | (5,611,287) | |||
| Items not requiring cash: | |||||
| Amortization and depreciation | 4, 5 | 110,063 | 98,097 | ||
| Share-based compensation | 8 | 43,455 | 187,318 | ||
| Amortization of right-of-use assets | 191,909 | 197,767 | |||
| Interest income received on short-term investments | (1,019) | (418) | |||
| Unrealized foreign exchange loss | 978 | 2,167 | |||
| Inventory write-down | 3 | 263,404 | 576,772 | ||
| Bad debts | - | 25,085 | |||
| Changes in operating assets and liabilities: | |||||
| Inventories | 608,113 | 300,576 | |||
| Prepaids and other currents assets | (614,944) | (29,706) | |||
| Other non-current assets | 4,908 | 5,507 | |||
| Accounts receivable | (112,470) | (18,705) | |||
| Accounts payable and accrued liabilities | (321,106) | (508,871) | |||
| Deferred rent | 12,485 | 16,171 | |||
| Lease obligations | (193,109) | (209,112) | |||
| Total cash used in operating activities | (4,022,346) | (4,968,639) | |||
| Investing Activities | |||||
| Payment of acquisition consideration | - | (500,000) | |||
| Sale of short-term investments | 21,317 | - | |||
| Purchase of short-term investments | (21,317) | - | |||
| Purchase of property and equipment | (9,291) | - | |||
| Total cash used in investing activities | (9,291) | (500,000) | |||
| Financing Activities | |||||
| Proceeds from private placement net of issuance costs | 7 | 4,654,042 | 10,744,351 | ||
| Total cash provided by financing activities | 4,654,042 | 10,744,351 | |||
| Increase in cash during the period | 622,405 | 5,275,712 | |||
| Cash and cash equivalents beginning of the period | 8,912,517 | 6,176,866 | |||
| Cash and cash equivalents end of the period | 9,534,922 | 11,452,578 | |||
| SUPPLEMENTARY CASH FLOW INFORMATION: | |||||
| Cash Paid During the Year for: | |||||
| Income taxes | $ | - | $9,800 | ||
| Interest | $ | - | $ | - | |
| SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||
| Fair value of warrant modification recorded as equity issuance costs | $3,508,749 | $ | - | ||
| Preferred investment options to its placement agent | $325,699 | $691,483 | |||
| Recognition of Right-of-use asset and corresponding operating lease liability | $968,376 | $ | - | ||
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