Modular Medical Inc
For the period ended Mar 31, 2025. Filed Jun 20, 2025.
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FY2025 · Filed Jun 20, 2025
MODD$1.67-9.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from operating activities | ||
| Net loss | $(18,824) | $(17,470) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 2,381 | 2,701 |
| Loss on asset disposal | — | 21 |
| Depreciation and amortization | 1,063 | 426 |
| Shares issued for services | 51 | 19 |
| Other | 1 | — |
| Changes in assets and liabilities: | ||
| Prepaid expenses and other assets | (100) | (94) |
| Lease right-of-use assets | 370 | 342 |
| Accounts payable and accrued expenses | (288) | 458 |
| Lease liabilities | (374) | (355) |
| Net cash used in operating activities | (15,720) | (13,952) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (2,493) | (1,700) |
| Net cash used in investing activities | (2,493) | (1,700) |
| Cash flows from financing activities | ||
| Proceeds from at-the-market sales of common stock, net | 2,114 | 278 |
| Proceeds from exercise of common stock warrants | 1,251 | 742 |
| Proceeds from public offering of common stock and warrants, net | 7,344 | 20,065 |
| Proceeds from private placements of common stock and warrants, net | 11,367 | — |
| Net cash provided by financing activities | 22,076 | 21,085 |
| Net increase in cash and cash equivalents | 3,863 | 5,433 |
| Cash and cash equivalents, at beginning of year | 9,232 | 3,799 |
| Cash and cash equivalents, at end of year | $13,095 | $9,232 |
| Supplemental disclosure: | ||
| Noncash investing and financing activities: | ||
| Receivable from transfer agent for warrant exercise proceeds | $— | 142 |
| Cash paid for: | ||
| Income taxes | $2 | $2 |
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