AVENUE THERAPEUTICS, INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
ATXI$0.42-50.7%Stored close · as of Mar 18, 2025
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| For the Years Ended | ||
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(11,696) | $(10,488) |
| Reconciliation of net loss to net cash used in operating activities: | ||
| Share based compensation | 1,236 | 906 |
| Loss on common stock warrant liabilities | 759 | — |
| Change in fair value of warrant liability | (170) | (4,258) |
| Common shares issuable - Founders Agreement | (167) | 371 |
| Issuance of common stock to Fortress | 827 | 72 |
| Issuance of common stock for licenses acquired | — | 1,230 |
| Research and development - licenses acquired | — | 3,000 |
| Issuance of subsidiaries’ common shares for license expenses | 6 | 6 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (11) | 70 |
| Accounts payable and accrued expenses | 367 | (662) |
| Accounts payable and accrued expenses - related party | (177) | 302 |
| Net cash and cash equivalents used in operating activities | (9,026) | (9,451) |
| Cash flows from investing activities: | ||
| Purchase of research and development licenses | — | (3,000) |
| Net cash used in investing activities | — | (3,000) |
| Cash flows from financing activities: | ||
| Proceeds from ATM sales of common stock, net of issuance costs | 1,623 | — |
| Proceeds from issuance of common stock, warrants, and pre-funded warrants, net of issuance costs | — | 7,525 |
| Proceeds from exercise of warrants | 9,421 | 1 |
| Warrant exercise transaction costs | (1,207) | — |
| Net cash provided by financing activities | 9,837 | 7,526 |
| Net change in cash and cash equivalents | 811 | (4,925) |
| Cash and cash equivalents, beginning of period | 1,783 | 6,708 |
| Cash and cash equivalents, end of period | $2,594 | $1,783 |
| Supplement disclosure of non-cash information: | ||
| Issuance of common shares - Founders Agreement | $827 | $— |
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