60 DEGREES PHARMACEUTICALS INC
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
SXTP$0.52-4.7%Stored close · as of Nov 10, 2026
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Consolidated Condensed Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and Cash Equivalents | $3,300,688 | $2,142,485 |
| Accounts Receivable | 323,822 | 231,332 |
| Prepaid and Other Assets | 1,102,948 | 4,402,602 |
| Short-Term Investments | 1,711,497 | - |
| Inventory (Note 3) | 452,036 | 466,169 |
| Total Current Assets | 6,890,991 | 7,242,588 |
| Property and Equipment, net (Note 4) | 155,257 | 57,761 |
| Other Assets: | ||
| Right of Use Asset (Note 11) | - | 13,517 |
| Long-Term Prepaid Expense | 110,294 | 242,647 |
| Intangible Assets, net (Note 5) | 264,351 | 227,258 |
| Total Other Assets | 374,645 | 483,422 |
| Total Assets | $7,420,893 | $7,783,771 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts Payable and Accrued Expenses | $677,617 | $506,206 |
| Lease Liability (Note 11) | - | 13,650 |
| SBA EIDL (including accrued interest) (Note 7) | 8,772 | 8,772 |
| Derivative Liabilities (Note 8) | 623,762 | 2,306,796 |
| Total Current Liabilities: | 1,310,151 | 2,835,424 |
| Long-Term Liabilities: | ||
| SBA EIDL (including accrued interest) (Note 7) | 147,895 | 150,251 |
| Total Long-Term Liabilities | 147,895 | 150,251 |
| Total Liabilities | 1,458,046 | 2,985,675 |
| Commitments and Contingencies (Note 11) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Series A Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; 76,480 and 78,803 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively (Note 6) | 9,567,439 | 9,858,040 |
| Common Stock, $0.0001 par value, 150,000,000 shares authorized; 1,861,914 and 484,187 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively(1) (Note 6) | 186 | 48 |
| Additional Paid-in Capital(1) | 34,815,642 | 27,457,335 |
| Accumulated Other Comprehensive Income | 139,207 | 135,561 |
| Accumulated Deficit | (38,482,920) | (32,580,850) |
| 60P Shareholders’ Equity: | 6,039,554 | 4,870,134 |
| Noncontrolling Interest | (76,707) | (72,038) |
| Total Shareholders’ Equity | 5,962,847 | 4,798,096 |
| Total Liabilities and Shareholders’ Equity | $7,420,893 | $7,783,771 |
| (1) | Periods presented have been adjusted to reflect the 1:12 reverse stock split on August 12, 2024. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.