Elicio Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 13, 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 13, 2024
ELTX$1.61-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(37,894) | $(26,246) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 236 | 302 |
| Amortization of right-of-use assets, operating leases | 637 | 582 |
| Non-cash interest expense | 82 | 1,060 |
| Amortization of debt discount | 26 | — |
| Change in fair value of derivative liability | — | (429) |
| Costs expensed upon the issuance of warrants | 549 | — |
| Change in fair value of warrant liabilities | 3,279 | 17 |
| Stock-based compensation expense | 988 | 842 |
| Gain on extinguishment of promissory note payable | — | (604) |
| Loss on issuance of warrants | 3,502 | — |
| (Gain) loss on disposal of property and equipment, net | (3) | 105 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (580) | (41) |
| Other long-term prepaid assets | 2,233 | — |
| Accounts payable | (2,385) | 63 |
| Accrued expenses and other current liabilities | 1,095 | 1,910 |
| Deferred research obligation | 613 | 228 |
| Operating lease liabilities | (702) | (588) |
| Net cash used in operating activities | (28,324) | (22,799) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (42) | (66) |
| Proceeds from sale of property and equipment | 3 | 34 |
| Net cash used in investing activities | (39) | (32) |
| Cash flows from financing activities | ||
| Cash acquired in connection with the reverse merger | — | 24,001 |
| Merger transaction costs | — | (2,366) |
| Proceeds from issuance of promissory notes payable | — | 10,000 |
| Proceeds from issuance of related party convertible note | 19,727 | — |
| Proceeds from issuance of common stock warrants | 17,469 | — |
| Payment of warrant issuance costs | (549) | — |
| Proceeds from issuance of common stock | 5,413 | — |
| Payment for purchase of treasury stock | — | (150) |
| Exercise of stock options | 34 | 127 |
| Net cash provided by financing activities | 42,094 | 31,612 |
| Effect of foreign currency on cash | (5) | — |
| Net increase in cash and cash equivalents | 13,726 | 8,781 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 14,301 | 8,414 |
| Cash, cash equivalents and restricted cash at the end of the period | $28,027 | $17,195 |
| Components of cash, cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $26,016 | $14,841 |
| Restricted cash | 2,011 | 2,354 |
| Total cash, cash equivalents and restricted cash | $28,027 | $17,195 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Fair value of Pre-Funded Warrants at issuance date | $13,382 | $— |
| Fair value of Common Warrants at issuance date | $6,509 | $— |
| Accretion of convertible notes discount from issuance costs | $26 | $130 |
| Accretion of promissory note to face value | $— | $897 |
| Non-cash vesting of restricted common stock | $25 | $67 |
| Settlement of promissory notes payable | $— | $10,028 |
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