NEXGEL INC
For the period ended Dec 31, 2023. Filed Apr 10, 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 Apr 10, 2024
NXGL$3.58-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2023 and 2022
NEXGEL, INC
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS: | ||
| Current Assets: | ||
| Cash | $2,700 | $1,101 |
| Marketable securities | - | 5,508 |
| Accounts receivable, net | 633 | 222 |
| Inventory | 1,319 | 502 |
| Prepaid expenses and other current assets | 400 | 172 |
| Total current assets | 5,052 | 7,505 |
| Goodwill | 1,128 | 311 |
| Intangibles, net | 326 | 20 |
| Property and equipment, net | 1,499 | 721 |
| Operating lease - right of use asset | 1,855 | 1,737 |
| Other assets | 95 | 63 |
| Total assets | $9,955 | $10,357 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $1,233 | $265 |
| Accrued expenses and other current liabilities | 398 | 130 |
| Deferred revenue | 20 | - |
| Current portion of note payable | 80 | 15 |
| Warrant liability | 146 | 242 |
| Contingent consideration liability | 439 | - |
| Operating lease liability, current portion | 233 | 207 |
| Total current liabilities | 2,549 | 859 |
| Operating lease liability, net of current portion | 1,727 | 1,593 |
| Notes payable, net of current portion | 513 | 268 |
| Total liabilities | 4,789 | 2,720 |
| Commitments and Contingencies (Note 16) | - | - |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding | - | - |
| Common stock, par value $0.001 per share, 25,000,000 shares authorized; 5,741,838 and 5,577,916 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 6 | 6 |
| Additional paid-in capital | 19,406 | 19,189 |
| Accumulated deficit | (14,715) | (11,558) |
| Total NexGel stockholders’ equity | 4,697 | 7,637 |
| Non-controlling interest in joint venture | 469 | - |
| Total stockholders’ equity | 5,166 | 7,637 |
| Total liabilities and stockholders’ equity | $9,955 | $10,357 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.