CUMBERLAND PHARMACEUTICALS INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
CPIX$5.37+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $17,964,184 | $18,321,624 |
| Accounts receivable, net | 11,701,466 | 9,758,176 |
| Inventories, net | 3,999,995 | 4,609,362 |
| Prepaid and other current assets | 2,786,513 | 3,025,248 |
| Total current assets | 36,452,158 | 35,714,410 |
| Non-current inventories | 11,005,499 | 12,804,529 |
| Property and equipment, net | 277,365 | 367,903 |
| Intangible assets, net | 17,973,449 | 22,607,918 |
| Goodwill | 914,000 | 914,000 |
| Operating lease right-of-use assets | 6,176,923 | 6,674,394 |
| Other assets | 2,784,016 | 2,692,921 |
| Total assets | $75,583,410 | $81,776,075 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $13,914,266 | $14,037,629 |
| Operating lease current liabilities | 356,508 | 348,092 |
| Revolving line of credit - current | 5,100,000 | — |
| Other current liabilities | 12,250,955 | 13,596,528 |
| Total current liabilities | 31,621,729 | 27,982,249 |
| Revolving line of credit - long term | 10,176,170 | 12,784,144 |
| Operating lease non-current liabilities | 4,939,739 | 5,296,247 |
| Other long-term liabilities | 6,299,795 | 6,453,566 |
| Total liabilities | 53,037,433 | 52,516,206 |
| Equity: | ||
| Shareholders’ equity: | ||
| Common stock – no par value; 100,000,000 shares authorized; 13,952,624 and 14,121,833 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 46,821,425 | 47,091,602 |
| Accumulated deficit | (23,967,931) | (17,488,161) |
| Total shareholders’ equity | 22,853,494 | 29,603,441 |
| Noncontrolling interests | (307,517) | (343,572) |
| Total equity | 22,545,977 | 29,259,869 |
| Total liabilities and equity | $75,583,410 | $81,776,075 |
See accompanying notes to consolidated financial statements.
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