InMed Pharmaceuticals Inc
For the period ended Jun 30, 2024. Filed Sep 30, 2024.
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FY2024 · Filed Sep 30, 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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Item 8. Consolidated Statements of Cash Flows
For the years ended June 30, 2024 and 2023
| 2024 · 2023 | ||||
|---|---|---|---|---|
| $ · $ | ||||
| Cash provided by (used in): | ||||
| Operating Activities | ||||
| Net loss | (7,675,550) | (7,947,622) | ||
| Items not requiring cash: | ||||
| Amortization and depreciation | 219,600 | 202,249 | ||
| Share-based compensation | 137,714 | 278,155 | ||
| Amortization of right-of-use assets | 384,918 | 393,748 | ||
| Interest income received on short-term investments | (1,250) | (803) | ||
| Unrealized foreign exchange loss | 12,262 | 1,183 | ||
| Inventory write-down | 305,812 | 308,937 | ||
| Credit losses | - | 46,775 | ||
| Changes in operating assets and liabilities: | ||||
| Inventories | 66,220 | 565,561 | ||
| Prepaids and other currents assets | 20,284 | 299,192 | ||
| Other non-current assets | 4,908 | 5,507 | ||
| Accounts receivable | (92,439) | (219,147) | ||
| Accounts payable and accrued liabilities | 45,282 | (806,530) | ||
| Deferred rent | (16,171) | 16,171 | ||
| Lease obligations | (397,422) | (426,575) | ||
| Total cash used in operating activities | (6,985,832) | (7,283,199) | ||
| Investing Activities | ||||
| Payment of acquisition consideration | - | (500,000) | ||
| Payment of deposit on equipment | - | (1,790) | ||
| Purchase of property and equipment | (9,293) | (160,014) | ||
| Sale of short-term investments | 42,082 | 42,268 | ||
| Purchase of short-term investments | (42,082) | (42,268) | ||
| Total cash used in investing activities | (9,293) | (661,804) | ||
| Financing Activities | ||||
| Proceeds from the exercise of pre-funded warrants | 175 | 646 | ||
| Proceeds from the private placement net of issuance costs | 4,654,043 | 10,680,008 | ||
| Total cash provided by financing activities | 4,654,218 | 10,680,654 | ||
| Increase (decrease) in cash during the year | (2,340,907) | 2,735,651 | ||
| Cash and cash equivalents beginning of the year | 8,912,517 | 6,176,866 | ||
| Cash and cash equivalents end of the year | 6,571,610 | 8,912,517 | ||
| SUPPLEMENTARY CASH FLOW INFORMATION: | ||||
| Cash Paid During the Year for: | ||||
| Income taxes | $7,100 | $13,100 | ||
| Interest | $ | - | $ | - |
| SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||
| Preferred investment options to its placement agent | $325,699 | $691,484 | ||
| Fair value of warrant modification recorded as equity issuance costs | $3,508,749 | $ | - | |
| Recognition of Right-of-use asset and corresponding operating lease | $968,376 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.