Imunon Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
IMNN$0.77-12.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(19,514,977) | $(35,898,234) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 248,154 | 196,510 |
| Amortization of right-of-use assets | 471,851 | 535,119 |
| Recognition of deferred revenue | - | (500,000) |
| Realized and unrealized losses, net, on investment securities | 34,302 | 34,468 |
| Change in fair value of earn-out milestone liability | - | (5,396,000) |
| Stock-based compensation | 759,013 | 2,673,047 |
| Change of deferred income tax asset | 286,641 | (183,580) |
| Loss on extinguishment of debt | 329,158 | - |
| Write-off of note receivable (Transomic) | 375,000 | - |
| Impairment of in-process research and development | - | 13,366,234 |
| Amortization of deferred finance charges and debt discount associated with note payable | 55,122 | 181,259 |
| Net changes in: | ||
| Accrued interest receivable on investment securities | 68,136 | (20,088) |
| Advances, deposits, and other current assets | (141,619) | 43,980 |
| Other assets | - | (241,511) |
| Accounts payable and accrued liabilities | (1,992,929) | 2,111,901 |
| Net cash used in operating activities | (19,022,148) | (23,096,895) |
| Cash flows from investing activities: | ||
| Purchases of investment securities | (13,541,806) | (48,226,390) |
| Proceeds from sale and maturity of investment securities | 25,000,000 | 56,775,000 |
| Purchases of property and equipment | (451,759) | (267,800) |
| Net cash provided by investing activities | 11,006,435 | 8,280,810 |
| Cash flows from financing activities: | ||
| Proceeds from redeemable convertible preferred stock offering | - | 28,500,000 |
| Payment upon redemption of redeemable convertible preferred stock | - | (28,500,000) |
| Proceeds from sale of common stock equity, net of issuance costs | 2,781,438 | 6,722,654 |
| Payoff of the SVB loan and accrued end-of-term fees | (6,420,000) | - |
| Net cash (used in) provided by financing activities | (3,638,562) | 6,722,654 |
| Net change in cash, cash equivalents and restricted cash | (11,654,275) | (8,093,431) |
| Cash, cash equivalents and restricted cash at beginning of year | 17,492,841 | 25,586,272 |
| Cash, cash equivalents and restricted cash at end of year | $5,838,566 | $17,492,841 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Continued)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 | |||
| Supplemental disclosure of cash flow information: | |||
| Cash paid for: | |||
| Income taxes paid | $2,500 | $2,000 | |
| Interest | $179,542 | $4,847,359 | |
| Non-Cash Investing and Financing Activities | |||
| Recognition of right of use asset and liability | $1,911,049 | $ | - |
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