Gain Therapeutics, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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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.
FY2024 · Filed Mar 27, 2025
GANX$1.08-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · 2024 · 2023 | ||||||
| · · · · | ||||||
| Operating activities: · · | ||||||
| Net loss | | $(20,411,191) | | $(22,267,520) | ||
| | | | | | | |
| Adjustments to reconcile net loss to net cash used in operating activities: | | | ||||
| Depreciation and amortization | | 84,071 | | 83,579 | ||
| Stock based compensation expense | | 2,390,159 | | 3,259,026 | ||
| Other non cash items | | | 143,523 | | | (383,188) |
| | | | | | | |
| Changes in operating assets and liabilities: | | | | | ||
| Prepaid expenses and other current assets | | | (356,650) | | | 54,378 |
| Long term deposit and other noncurrent assets | | (21,000) | | (10,057) | ||
| Accounts payable and other current liabilities | | 274,889 | | (693,698) | ||
| Defined benefit pension plan | | | (122,915) | | | 6,313 |
| Deferred grant income | | (854,713) | | 1,085,294 | ||
| Total changes in operating assets and liabilities | | | (1,080,389) | | | 442,230 |
| Cash used in operating activities | | | (18,873,827) | | | (18,865,873) |
| | | | | | | |
| Cash flows from investing activities: | | | | |||
| Purchase of property and equipment and internal-use of software | | (22,493) | | (15,358) | ||
| Purchases of marketable securities | | | — | | | (1,956,350) |
| Maturities of marketable securities | | | 5,000,000 | | | 12,194,375 |
| Cash provided by investing activities | | | 4,977,507 | | | 10,222,667 |
| | | | | | | |
| Cash flow from financing activities: | | | | |||
| Net proceeds from issuance of shares in ATM offering (Note 14) | | 2,951,133 | | 3,544,876 | ||
| Net proceeds from issuance of shares and warrants in public offering (Note 14) | | 10,261,178 | | 9,185,534 | ||
| Net proceeds from the exercise of warrants (Note 14) | | | 113,800 | | | — |
| Net proceeds from the exercise of stock options (Note 15) | | | 57,711 | | | — |
| Payments of offering costs (Note 14) | | | (280,867) | | | — |
| Payments of current portion of long-term debt (Note 12) | | | (90,879) | | | (89,067) |
| Cash provided by financing activities | | | 13,012,076 | | | 12,641,343 |
| Effect of exchange rate changes | | | (527,168) | | | 488,404 |
| Net (decrease)/increase in cash, cash equivalents and restricted cash | | | (1,411,412) | | | 4,486,541 |
| Cash, cash equivalents and restricted cash at beginning of period | | 11,828,970 | | 7,342,429 | ||
| Cash, cash equivalents and restricted cash at end of period | | $10,417,558 | | $11,828,970 | ||
| | | | | | | |
| Supplemental Data: | | | | | | |
| Income taxes paid | | $86,309 | | $134,962 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.