Sagimet Biosciences Inc
For the period ended Mar 31, 2024. Filed May 15, 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 15, 2024
SGMT$10.83+9.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
(in thousands, except for share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · As of | ||||||
| · · March 31, · · December 31, | ||||||
| | 2024 | 2023 | ||||
| Assets | | | | | | |
| Current assets: · · | ||||||
| Cash and cash equivalents | | $176,777 | | $75,139 | ||
| Marketable securities | | 16,928 | | 19,758 | ||
| Prepaid expenses and other current assets | | | 786 | | | 1,749 |
| Total current assets | | | 194,491 | | | 96,646 |
| Operating lease right-of-use assets | | | 37 | | | 73 |
| Total assets | | $194,528 | | $96,719 | ||
| Liabilities and stockholders’ equity | | | ||||
| Current liabilities: | | | ||||
| Accounts payable | | $531 | | $186 | ||
| Accrued expenses and other current liabilities (includes $96 and $31 payable to related parties as of March 31, 2024 and December 31, 2023, respectively) | | 3,953 | | 5,403 | ||
| Operating lease liabilities | | 26 | | 65 | ||
| Total liabilities | | 4,510 | | 5,654 | ||
| Commitments and contingencies (Note 7) | | | ||||
| Stockholders’ equity, $0.0001 par value: | | | ||||
| Undesignated preferred stock, $0.0001 per share: 10,000,000 shares authorized; No shares issued and outstanding | | | — | | | — |
| Series A common stock, $0.0001 per share: 500,000,000 shares authorized; 30,393,397 and 21,375,402 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | | | 3 | | | 2 |
| Series B common stock, $0.0001 per share: 15,000,000 shares authorized; 1,520,490 shares issued and outstanding at each of March 31, 2024 and December 31, 2023 | | | — | | | — |
| Additional paid-in capital | | 446,381 | | 340,777 | ||
| Accumulated deficit | | (256,373) | | (249,744) | ||
| Accumulated other comprehensive income | | 7 | | 30 | ||
| Total stockholders’ equity | | | 190,018 | | 91,065 | |
| Total liabilities and stockholders’ equity | | $194,528 | | $96,719 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.