Onconetix, Inc.
For the period ended Mar 31, 2025. Filed Jun 12, 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 Jun 12, 2025
ONCO$3.47-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(Unaudited)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash | $1,577,193 | $646,500 |
| Accounts receivable, net | 16,293 | 25,717 |
| Inventories | 155,660 | 64,079 |
| Prepaid expenses and other current assets | 671,443 | 213,971 |
| Total current assets | 2,420,589 | 950,267 |
| Property and equipment, net | 55,805 | 62,896 |
| Operating right of use asset | 89,808 | 119,427 |
| Goodwill | 16,209,509 | 27,048,973 |
| Total assets | $18,775,711 | $28,181,563 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $2,581,743 | $3,787,564 |
| Accrued expenses | 1,159,764 | 888,988 |
| Notes payable, net of debt discount of $0 and $4,966 at March 31, 2025 and December 31, 2024, respectively | 8,956,352 | 9,328,061 |
| Operating lease liability, current | 89,808 | 119,427 |
| Subscription agreement liability – Related Party | 804,000 | 4,123,000 |
| Contingent warrant liabilities | 52,884 | 43,089 |
| Due to Shareholders | 394,757 | — |
| Total current liabilities | 14,039,308 | 18,290,129 |
| Pension benefit obligation | 219,161 | 280,879 |
| Total liabilities | 14,258,469 | 18,571,008 |
| Commitments and Contingencies | ||
| Series C Redeemable Preferred Stock, $0.00001 par value, 10,000 shares authorized, 2,130 and 3,499 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 524,449 | 1,067,928 |
| Stockholders’ equity | ||
| Common stock, $0.00001 par value, 250,000,000 shares authorized at March 31, 2025 and December 31, 2024; 36,774,006 and 11,767,443 the shares issued at March 31, 2025 and December 31, 2024, respectively; 36,761,072 and 11,754,509 shares outstanding at March 31, 2025 and December 31, 2024, respectively | 368 | 118 |
| Additional paid-in capital | 132,630,941 | 127,825,626 |
| Treasury stock, at cost; 12,934 shares of common stock at March 31, 2025 and December 31, 2024 | (625,791) | (625,791) |
| Due from shareholders | — | (250,308) |
| Accumulated deficit | (125,399,597) | (115,683,621) |
| Accumulated other comprehensive loss | (2,613,128) | (2,723,397) |
| Total stockholders’ equity | 3,992,793 | 8,542,627 |
| Total liabilities, convertible preferred stock, and stockholders’ equity | $18,775,711 | $28,181,563 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.