Telomir Pharmaceuticals Inc
For the period ended Mar 31, 2024. Filed May 13, 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 13, 2024
TELO$0.71-9.0%Stored close · as of Nov 6, 2026
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Condensed Financial Statements (unaudited) Condensed Balance Sheets as of March 31, 2024 and December 31, 2023
TELOMIR PHARMACEUTICALS, INC****.**
** CONDENSED BALANCE SHEETS**
AS OF MARCH 31, 2024 AND DECEMBER 31, 2023
| March 31, (Unaudited) | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $3,274,314 | $1,231 |
| Deferred offering costs | - | 303,281 |
| Prepaid expenses | 98,808 | 713 |
| Due from related parties | 130,000 | 130,000 |
| Total current assets | 3,503,122 | 435,225 |
| Deferred Financing Costs | - | 4,338,543 |
| Total assets | $3,503,122 | $4,773,768 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable and accrued liabilities | $478,650 | $707,187 |
| Due to related parties | 7,902 | 527,377 |
| Related party line of credit | - | 101,000 |
| Total current liabilities | 486,552 | 1,335,564 |
| Total liabilities | 486,552 | 1,335,564 |
| Stockholders’ Equity (Deficit) | ||
| Preferred Stock, no par value, 100,000,000 shares authorized and none issued or outstanding. | - | - |
| Common Stock, no par value; 300,000,000 shares authorized, 29,609,814 and 28,609,814 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively. | - | - |
| Additional paid-in capital | 23,335,319 | 17,502,346 |
| Accumulated deficit | (20,318,749) | (14,064,142) |
| Total stockholders’ equity | 3,016,570 | 3,438,204 |
| Total liabilities and stockholders’ equity | $3,503,122 | $4,773,768 |
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