ELUTIA INC.

For the period ended Mar 31, 2025. Filed May 13, 2025.

About this filing

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, 2025 · Filed May 13, 2025

ELUT$0.84-0.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(In Thousands, Except for Share and Per Share Data)


· · March 31, · · December 31, ·
· 2025 · 2024
Assets
Current assets:
Cash and cash equivalents	$17,358	$13,239
Accounts receivable, net	2,860	2,276
Inventory	4,286	3,911
Insurance receivables of litigation costs	3,893	4,760
Prepaid expenses and other current assets	1,620	1,986
Total current assets	30,017	26,172

Property and equipment, net	1,031	773
Intangible assets, net	7,424	8,273
Operating lease right-of-use assets and other	826	909
Total assets	$39,298	$36,127

Liabilities and Stockholders’ Deficit

Current liabilities:
Accounts payable	$4,516	$4,149
Accrued expenses	6,092	7,104
Current portion of long-term debt	2,500	1,250
Current portion of revenue interest obligation	5,500	4,400
Contingent liability for legal proceedings	17,808	20,432
Current operating lease liabilities	435	460
Total current liabilities	36,851	37,795

Long-term debt	21,762	22,603
Long-term revenue interest obligation	4,735	5,490
Warrant liability	12,089	16,076
Long-term operating lease liabilities	319	423
Total liabilities	75,756	82,387

Commitments and contingencies (Note 9)

Stockholders’ equity (deficit):
Class A Common stock, $0.001 par value per share, 200,000,000 shares authorized as of March 31, 2025 and December 31, 2024, and 36,552,348 and 30,897,232 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	37	31
Class B Common stock, $0.001 par value per share, 20,000,000 shares authorized as of March 31, 2025 and December 31, 2024 and 4,313,406 issued and outstanding as of March 31, 2025 and December 31, 2024	4	4
Additional paid-in capital	197,027	183,298
Accumulated deficit	(233,526)	(229,593)
Total stockholders’ deficit	(36,458)	(46,260)
Total liabilities and stockholders' deficit	$39,298	$36,127

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.