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$0.33-8.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Federal grants | $3,418,853 | $435,380 | $3,906,372 | $1,715,488 |
| Operating expenses: | ||||
| Research and development | 1,690,674 | 1,914,970 | 3,416,807 | 5,354,713 |
| General and administrative | 1,083,433 | 1,227,724 | 3,643,223 | 3,923,277 |
| Total operating expenses | 2,774,107 | 3,142,694 | 7,060,030 | 9,277,990 |
| Income (loss) from operations | 644,746 | (2,707,314) | (3,153,658) | (7,562,502) |
| Other income (expense): | ||||
| Change in fair value of convertible notes | - | - | - | 146,479 |
| Change in fair value of liability classified warrants | 6,403 | 17,223 | 23,175 | 279,873 |
| Interest expense, net | (4,063) | (7,649) | (1,279,691) | (9,146) |
| Other income (expense), net | 14,683 | 6,934 | (12,413) | 23,382 |
| Total other income (expense), net | 17,023 | 16,508 | (1,268,929) | 440,588 |
| Net income (loss) | $661,769 | $(2,690,806) | $(4,422,587) | $(7,121,914) |
| Net loss attributable to noncontrolling interests | - | (1,235) | (74) | (12,236) |
| Deemed dividend related to warrants down round provision | - | - | 290 | 12,038 |
| Net income (loss) attributable to common stockholders | $661,769 | $(2,689,571) | $(4,422,803) | $(7,121,716) |
| Net income (loss) per basic and diluted share: | ||||
| Net income (loss) per share attributable to common stockholders, basic and diluted | $0.07 | $(0.87) | $(0.57) | $(3.32) |
| Weighted average common shares outstanding, basic and diluted | 9,890,390 | 3,085,873 | 7,782,540 | 2,145,505 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.