Aditxt Inc
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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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.
FY2023 · Filed Apr 16, 2024
ADTX$0.00-8.6%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
PART I - FINANCIAL INFORMATION
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $97,102 | $2,768,640 |
| Accounts receivable, net | 408,326 | 527,961 |
| Inventory | 745,502 | 950,093 |
| Prepaid expenses | 217,390 | 496,869 |
| Subscription receivable | 5,444,628 | - |
| TOTAL CURRENT ASSETS | 6,912,948 | 4,743,563 |
| Fixed assets, net | 1,898,243 | 2,318,863 |
| Intangible assets, net | 9,444 | 107,000 |
| Deposits | 106,410 | 355,366 |
| Right of use asset - long term | 2,200,299 | 3,160,457 |
| Deferred issuance costs | - | 50,000 |
| Investment in Evofem | 22,277,211 | - |
| Deposit on acquisition | 11,173,772 | - |
| TOTAL ASSETS | $44,578,327 | $10,735,249 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued expenses | $8,554,959 | $1,958,502 |
| Notes payable - related party | 375,000 | - |
| Notes payable, net of discount | 15,653,477 | - |
| Financing on fixed assets | 147,823 | 409,983 |
| Deferred rent | 158,612 | 188,581 |
| Lease liability - current | 999,943 | 1,086,658 |
| TOTAL CURRENT LIABILITIES | 25,889,814 | 3,643,724 |
| Settlement liability | 1,600,000 | - |
| Lease liability - long term | 1,041,744 | 1,885,218 |
| TOTAL LIABILITIES | 28,531,558 | 5,528,942 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, $0.001 par value, 3,000,000 shares authorized, zero shares issued and outstanding, respectively | - | - |
| Series A-1 Convertible Preferred stock, $0.001 par value, 22,280 shares authorized, 22,280 and zero shares issued and outstanding, respectively | 22 | - |
| Series B Preferred stock, $0.001 par value, 1 share authorized, zero and zero shares issued and outstanding, respectively | - | - |
| Series B-2 Convertible Preferred stock, $0.001 par value, 2,625 shares authorized, 2,625 and zero shares issued and outstanding, respectively | 3 | - |
| Series C Preferred stock, $0.001 par value, 1 share authorized, zero and zero shares issued and outstanding, respectively | - | - |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 1,318,969 and 107,698 shares issued and 1,318,918 and 107,647 shares outstanding, respectively | 1,319 | 108 |
| Treasury stock, 51 and 51 shares, respectively | (201,605) | (201,605) |
| Additional paid-in capital | 143,997,710 | 100,448,166 |
| Accumulated deficit | (127,741,072) | (95,040,362) |
| TOTAL ADITXT, INC. STOCKHOLDERS’ EQUITY | 16,056,377 | 5,206,307 |
| NON-CONTROLLING INTEREST | (9,608) | - |
| TOTAL STOCKHOLDERS’ EQUITY | 16,046,769 | 5,206,307 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $44,578,327 | $10,735,249 |
| Year Ended | Year Ended | |
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| REVENUE | ||
| Sales | $645,176 | $933,715 |
| Cost of goods sold | 756,836 | 766,779 |
| Gross profit (loss) | (111,660) | 166,936 |
| OPERATING EXPENSES | ||
| General and administrative expenses $1,133,077, and $1,516,805 in stock-based compensation, respectively | 18,607,142 | 15,985,552 |
| Research and development, includes $262,154, and $591,518 in stock-based compensation, respectively | 7,074,339 | 7,268,084 |
| Sales and marketing $6,787, and $1,023,045 in stock-based compensation, respectively | 269,284 | 1,849,460 |
| Impairment on notes receivable | - | 543,938 |
| Total operating expenses | 25,950,765 | 25,647,034 |
| NET LOSS FROM OPERATIONS | (26,062,425) | (25,480,098) |
| OTHER EXPENSE | ||
| Interest expense | (4,195,127) | (753,038) |
| Interest income | 10,166 | 57,348 |
| Other income | - | 58,960 |
| Amortization of debt discount | (2,194,773) | (1,533,048) |
| Gain on note exchange agreement | 51,712 | - |
| Total other expense | (6,328,022) | (2,169,778) |
| Net loss before income taxes | (32,390,447) | (27,649,876) |
| Income tax provision | - | - |
| NET LOSS | $(32,390,447) | $(27,649,876) |
| NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST | (9,608) | - |
| NET LOSS ATTRIBUTABLE TO ADITXT, INC. & SUBSIDIARIES | $(32,380,839) | $(27,649,876) |
| Deemed Dividend | (319,871) | (37,667) |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(32,700,710) | $(27,687,553) |
| Net loss per share - basic and diluted | $(108.15) | $(597.12) |
| Weighted average number of shares outstanding during the period - basic and diluted | 302,356 | 46,369 |
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