Onconetix Inc
For the period ended Mar 31, 2024. Filed May 20, 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 20, 2024
ONCO$3.47-3.1%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 Operations and Comprehensive Loss
| Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | |
|---|---|---|
| Revenue | $700,433 | $— |
| Cost of revenue | 511,433 | — |
| Gross profit | 189,000 | — |
| Operating expenses | ||
| Selling, general and administrative | 3,736,450 | 1,766,022 |
| Research and development | 48,964 | 1,082,237 |
| Impairment of goodwill | 5,192,000 | — |
| Impairment of ENTADFI assets | 2,293,576 | — |
| Total operating expenses | 11,270,990 | 2,848,259 |
| Loss from operations | (11,081,990) | (2,848,259) |
| Other income (expense) | ||
| Interest expense – related party | (225,063) | — |
| Interest expense | (187,993) | — |
| Change in fair value of subscription agreement liability – related party | 226,400 | — |
| Other income | 28,507 | — |
| Change in fair value of contingent warrant liability | — | 1,615 |
| Total other income (expense) | (158,149) | 1,615 |
| Loss before income taxes | (11,240,139) | (2,846,644) |
| Income tax benefit | 121,567 | — |
| Net loss | $(11,118,572) | $(2,846,644) |
| Net loss per share, basic and diluted | $(0.50) | $(0.18) |
| Weighted average number of common shares outstanding, basic and diluted | 22,147,598 | 15,910,415 |
| Other comprehensive loss | ||
| Net loss | $(11,118,572) | $(2,846,644) |
| Foreign currency translation | (4,991,144) | — |
| Change in pension benefit obligation | 154,678 | — |
| Total comprehensive loss | $(15,955,038) | $(2,846,644) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.