Ensysce Biosciences Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
ENSC$0.36+10.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(U****naudited)
| Nine Months Ended September 30, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(4,422,587) | $(7,121,914) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Accrued interest and interest expense related to note conversions | 33,175 | 9,146 | ||
| Amortization of original issue discount and debt issuance costs | 1,197,200 | - | ||
| Change in fair value of liability classified warrants | (23,175) | (279,873) | ||
| Change in fair value of convertible notes | - | (146,479) | ||
| Stock-based compensation | 80,574 | 250,224 | ||
| Lease cost | - | (135) | ||
| Changes in operating assets and liabilities: | ||||
| Unbilled receivable | (1,685,244) | 169,083 | ||
| Prepaid expenses and other assets | (1,729,252) | 1,235,252 | ||
| Accounts payable | (57,666) | (2,027,375) | ||
| Accrued expenses and other liabilities | (131,635) | (1,066,036) | ||
| Net cash used in operating activities | (6,738,610) | (8,978,107) | ||
| Cash flows from financing activities: | ||||
| Proceeds public offerings, net | 1,670,001 | 9,050,004 | ||
| Proceeds from warrant exercises | 2,075,219 | - | ||
| Proceeds from warrant inducement, net of issuance costs | 8,103,943 | - | ||
| Transaction costs associated with public offerings | - | (447,879) | ||
| Transaction costs associated with public offering and warrant inducements | (1,319,115) | - | ||
| Repayments of convertible notes | (485,190) | (1,000,208) | ||
| Repayment of financed insurance premiums | (276,260) | (307,131) | ||
| Net cash provided by financing activities | 9,768,598 | 7,294,786 | ||
| Increase (decrease) in cash and cash equivalents | 3,029,988 | (1,683,321) | ||
| Cash and cash equivalents beginning of period | 1,123,604 | 3,147,702 | ||
| Cash and cash equivalents end of period | $4,153,592 | $1,464,381 | ||
| Supplemental disclosure of non-cash investing and financing activities: | ||||
| Incremental fair value of August 2024 Warrant Inducement | $10,210,616 | $ | - | |
| Incremental fair value of February 2024 Warrant Inducement | $5,167,372 | $ | - | |
| Conversions of convertible notes into common stock | $1,168,600 | $3,056,892 | ||
| Proceeds from financed insurance premiums, net | $232,155 | $445,737 | ||
| Transaction costs from warrant inducement and public offering included in accounts payable | $125,641 | $ | - | |
| Deemed dividend related to warrants down round provision | $290 | $12,038 | ||
| Settlement of commitment fee in shares | $ | - | $400,000 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.