60 DEGREES PHARMACEUTICALS, INC.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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, 2025 · Filed May 15, 2025
SXTP$0.52-4.7%Stored close · as of Nov 10, 2026
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Consolidated Condensed Statements of Cash Flows
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
| For the Three Months Ended March 31, · 2025 · 2024 | ||||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net (Loss) Income | $(1,877,301) | $427,985 | ||
| Adjustments to Reconcile Net (Loss) Income to Net Cash Used in Operating Activities: | ||||
| Depreciation | 6,694 | 407 | ||
| Amortization | 10,103 | 8,207 | ||
| Amortization of ROU Asset | - | 13,517 | ||
| Amortization of Capitalized Share-Based Payments | 44,118 | 125,368 | ||
| Share-Based Compensation under Equity Incentive Plan | 142,645 | - | ||
| Change in Fair Value of Derivative Liabilities | (5,105) | (1,740,847) | ||
| Write-offs of Capitalized Patents | - | 8,378 | ||
| Changes in Operating Assets and Liabilities: | ||||
| Accounts Receivable | (1,495) | (84,888) | ||
| Prepaid and Other Assets | 131,689 | 61,841 | ||
| Inventory | (330,474) | 30,792 | ||
| Accounts Payable and Accrued Liabilities | 261,905 | 23,243 | ||
| Accrued Interest, net | 19,855 | (791) | ||
| Reduction of Lease Liability | - | (13,650) | ||
| Net Cash Used in Operating Activities | (1,597,366) | (1,140,438) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Capitalization of Patents | (2,804) | (726) | ||
| Purchases of Fixed Assets | (2,678) | - | ||
| Acquisition of Intangibles | - | (9,088) | ||
| Maturities of Short-Term Investments | 1,708,000 | - | ||
| Net Cash Provided by (Used in) Investing Activities | 1,702,518 | (9,814) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Net Proceeds from January 2024 Offering | - | 1,898,296 | ||
| Net Proceeds from January 2025 Offering | 804,346 | - | ||
| Net Proceeds from February 2025 Offering | 908,627 | - | ||
| Shares Withheld for Net Share Settlement of Performance Bonuses | (18,000) | - | ||
| Proceeds from Exercise of Pre-Funded Warrants | 1,926 | 4,995 | ||
| Net Cash Provided by Financing Activities | 1,696,899 | 1,903,291 | ||
| Effect of Exchange Rate Changes on Cash | (9,904) | (824) | ||
| Change in Cash and Cash Equivalents | 1,792,147 | 752,215 | ||
| Cash and Cash Equivalents—Beginning of Period | 1,659,353 | 2,142,485 | ||
| Cash and Cash Equivalents—End of Period | $3,451,500 | $2,894,700 | ||
| NONCASH INVESTING/FINANCING ACTIVITIES | ||||
| Fair Value of Warrants Issued to Underwriters | $ | - | $71,364 | |
| Purchases of Fixed Assets included in Accounts Payable | $10,000 | $ | - | |
| Gross Shares Issued for Annual Performance Bonuses | $121,544 | $ | - | |
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