Modular Medical Inc
For the period ended Mar 31, 2024. Filed Jun 21, 2024.
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FY2024 · Filed Jun 21, 2024
MODD$1.67-9.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from operating activities | ||
| Net loss | $(17,470) | $(13,879) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 2,701 | 2,724 |
| Loss on asset disposal | 21 | — |
| Depreciation and amortization | 426 | 152 |
| Shares issued for services | 19 | 203 |
| Changes in assets and liabilities: | ||
| Prepaid expenses and other assets | (94) | (14) |
| Lease right-of-use assets | 342 | 203 |
| Accounts payable and accrued expenses | 458 | (200) |
| Change in lease liabilities | (355) | (200) |
| Net cash used in operating activities | (13,952) | (11,011) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (1,700) | (1,638) |
| Net cash used in investing activities | (1,700) | (1,638) |
| Cash flows from financing activities | ||
| Proceeds from at-the-market sales of common stock, net | 278 | — |
| Proceeds from exercise of common stock warrants | 742 | — |
| Proceeds from public and registered direct offerings, net | 20,065 | 7,372 |
| Net cash provided by financing activities | 21,085 | 7,372 |
| Net increase (decrease) in cash and cash equivalents | 5,433 | (5,277) |
| Cash and cash equivalents, at beginning of year | 3,799 | 9,076 |
| Cash and cash equivalents, at end of year | $9,232 | $3,799 |
| Supplemental disclosure: | ||
| Noncash investing and financing activities: | ||
| Right-of-use asset obtained in exchange for lease liability | $— | $1,561 |
| Receivable from transfer agent for warrant exercise proceeds | $142 | — |
| Cash paid for: | ||
| Income taxes | $2 | $2 |
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