60 DEGREES PHARMACEUTICALS INC
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
SXTP$0.52-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Balance Sheets
| March 31, 2024 (Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash | $2,894,700 | $2,142,485 |
| Accounts Receivable | 316,220 | 231,332 |
| Prepaid and Other Assets | 4,259,511 | 4,402,602 |
| Inventory (Note 3) | 435,377 | 466,169 |
| Total Current Assets | 7,905,808 | 7,242,588 |
| Property and Equipment, net (Note 4) | 57,354 | 57,761 |
| Other Assets: | ||
| Right of Use Asset (Note 11) | - | 13,517 |
| Long-Term Prepaid Expense | 198,529 | 242,647 |
| Intangible Assets, net (Note 5) | 217,417 | 227,258 |
| Total Other Assets | 415,946 | 483,422 |
| Total Assets | $8,379,108 | $7,783,771 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts Payable and Accrued Expenses | $529,449 | $506,206 |
| Lease Liability (Note 11) | - | 13,650 |
| SBA EIDL (including accrued interest) (Note 7) | 8,772 | 8,772 |
| Derivative Liabilities (Note 8) | 565,949 | 2,306,796 |
| Total Current Liabilities: | 1,104,170 | 2,835,424 |
| Long-Term Liabilities: | ||
| SBA EIDL (including accrued interest) (Note 7) | 149,460 | 150,251 |
| Total Long-Term Liabilities | 149,460 | 150,251 |
| Total Liabilities | 1,253,630 | 2,985,675 |
| Commitments and Contingencies (Note 11) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Series A Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; 78,803 and 78,803 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively (Note 6) | 9,858,040 | 9,858,040 |
| Common Stock, $0.0001 par value, 150,000,000 shares authorized; 11,762,578 and 5,810,089 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively (Note 6) | 1,176 | 581 |
| Additional Paid-in Capital | 29,359,498 | 27,456,802 |
| Accumulated Other Comprehensive Income | 131,667 | 135,561 |
| Accumulated Deficit | (32,150,380) | (32,580,850) |
| 60P Shareholders’ Equity: | 7,200,001 | 4,870,134 |
| Noncontrolling Interest | (74,523) | (72,038) |
| Total Shareholders’ Equity | 7,125,478 | 4,798,096 |
| Total Liabilities and Shareholders’ Equity | $8,379,108 | $7,783,771 |
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