Turn Therapeutics Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
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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.
Jun 30, 2026 · Filed Aug 12, 2026
TTRX$9.79+3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in US Dollars)
| June 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $10,288,510 | $5,076,144 |
| Prepaid expenses and other current assets | 139,688 | 120,300 |
| Total current assets | 10,428,198 | 5,196,444 |
| Right-of-use asset | 56,275 | 78,620 |
| Intangible assets, net | 911,219 | 922,171 |
| Deferred offering cost | 5,556,445 | 5,956,424 |
| Security deposit | 8,582 | 8,582 |
| TOTAL ASSETS | $16,960,719 | $12,162,241 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $2,605,752 | $2,928,728 |
| Derivative liability instrument | 6,109,030 | 3,028,401 |
| Current portion of operating lease liability | 49,329 | 46,295 |
| Total current liabilities | 8,764,111 | 6,003,424 |
| Operating lease liability, net of current portion | 8,713 | 34,081 |
| Long-term debt, net | 6,062,994 | - |
| Deferred revenue | 1,438,013 | 1,438,013 |
| TOTAL LIABILITIES | 16,273,831 | 7,475,518 |
| Commitments and contingencies (Note 11) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common Stock, $0.0001 par value, 500 million shares authorized at June 30, 2026 and December 31, 2025; 29,788,040 and 29,445,183 shares issued at June 30, 2026 and December 31, 2025, respectively | 2,977 | 2,943 |
| Additional paid-in capital | 29,894,869 | 28,143,873 |
| Subscription receivable | - | (1,070,000) |
| Accumulated deficit | (29,210,958) | (22,390,093) |
| Total stockholders’ equity | 686,888 | 4,686,723 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $16,960,719 | $12,162,241 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.