NovaBay Pharmaceuticals Inc
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
SDEV$0.98+9.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets: March 31, 2024 (unaudited) and December 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,823 | $2,924 |
| Accounts receivable, net of allowance for credit losses ($3 at March 31, 2024 and December 31, 2023) | 734 | 680 |
| Inventory, net of allowance for excess and obsolete inventory and lower of cost or estimated net realizable value adjustments ($229 and $264 at March 31, 2024 and December 31, 2023, respectively) | 663 | 564 |
| Prepaid expenses and other current assets | 371 | 256 |
| Current assets, discontinued operations | — | 2,730 |
| Total current assets | 3,591 | 7,154 |
| Operating lease right-of-use assets | 1,212 | 1,296 |
| Property and equipment, net | 77 | 87 |
| Other assets | 477 | 478 |
| Other assets, discontinued operations | — | 19 |
| TOTAL ASSETS | $5,357 | $9,034 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Current liabilities: | ||
| Accounts payable | $1,117 | $906 |
| Accrued liabilities | 1,266 | 1,169 |
| Secured Convertible Notes, net of discounts | 973 | 1,137 |
| Unsecured Convertible Notes, net of discounts | 34 | — |
| Embedded derivative liability | 159 | — |
| Operating lease liabilities | 375 | 368 |
| Current liabilities, discontinued operations | — | 698 |
| Total current liabilities | 3,924 | 4,278 |
| Warrant liabilities | 232 | 334 |
| Operating lease liabilities-non-current | 1,041 | 1,108 |
| Total liabilities | 5,197 | 5,720 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 5,000 shares authorized; | ||
| Series B Preferred Stock; 1 and 6 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 44 | 275 |
| Series C Preferred Stock; 1 shares issued and outstanding at March 31, 2024 and December 31, 2023 | 1,441 | 1,675 |
| Common stock, $0.01 par value; 150,000 shares authorized, 32,025 and 11,230 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 320 | 112 |
| Additional paid-in capital | 176,798 | 176,101 |
| Accumulated deficit | (178,443) | (174,849) |
| Total stockholders’ equity | 160 | 3,314 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $5,357 | $9,034 |
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