Scienture Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 26, 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 26, 2025
SCNX$3.20+2.4%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
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $308,096 | $314 |
| Accounts receivable, net | 11,106 | - |
| Inventory | - | 968 |
| Prepaid expenses | 4,560 | 50,724 |
| Notes receivable - related party | 1,300,000 | 1,300,000 |
| Other receivables | 4,138,770 | 1,224,702 |
| Deferred offering costs | 534,800 | - |
| Current assets of discontinued operations | 8,145 | 176,355 |
| Total current assets | 6,305,477 | 2,753,063 |
| Property, plant and equipment, net | 17,500 | 7,500 |
| Deposits | 22,039 | 10,531 |
| Intangible assets, net | 76,400,000 | - |
| Goodwill | 21,372,960 | - |
| Operating lease right-of-use assets | 201,433 | 191,216 |
| Deferred tax asset | 534,396 | - |
| Noncurrent assets of discontinued operations | - | 9,570,603 |
| Total assets | $104,853,805 | $12,532,913 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $2,898,683 | $1,463,014 |
| Accrued liabilities | 1,313,731 | 160,214 |
| Other current liabilities | 5,441 | 67,831 |
| Loan payable, related party | 415,000 | - |
| Convertible note, net of debt discount - current portion | 2,285,423 | |
| Contingent funding liabilities | - | 1,246,346 |
| Operating lease liability - current | 63,334 | 32,595 |
| Warrant liability | 919,935 | 736,953 |
| Current liabilities of discontinued operations | 5,346 | 7,849,402 |
| Total current liabilities | 7,906,893 | 11,556,355 |
| Convertible notes, net of debt discount | 612,275 | - |
| Derivative liability | 2,296,834 | - |
| Operating lease liability - net of current portion | 156,469 | 176,909 |
| Development agreement liability | 1,285,000 | - |
| Deferred tax liability | 13,524,213 | |
| Noncurrent liabilities of discontinued operations | - | 257,296 |
| Total liabilities | 25,781,684 | 11,990,560 |
| Commitments and contingencies (Note 15) | - | - |
| Stockholders’ equity (deficit): | ||
| Series A preferred stock, $0.00001 par value; 0 and 9,211,246 shares authorized; 0 shares issued and outstanding as of December 31, 2024 and 2023, all respectively | - | - |
| Series B preferred stock, $0.00001 par value; 787,754 shares authorized; 15,759 shares issued and outstanding as of both December 31, 2024 and 2023 | - | - |
| Series C preferred stock, $0.00001 par value; 1,000 shares authorized; 0 and 290 shares issued and outstanding as of December 31, 2024 and 2023, respectively | - | - |
| Series X preferred stock, $0.00001 par value; 9,211,246 shares authorized; 0 and 0 shares issued and outstanding as of December 31, 2024 and 2023, respectively | - | - |
| Common stock, $0.00001 par value; 100,000,000 shares authorized; 8,750,582 and 905,008 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 87 | 9 |
| Additional paid-in capital | 118,111,007 | 33,788,284 |
| Accumulated deficit | (39,038,973) | (33,245,940) |
| Total stockholders’ equity | 79,072,121 | 542,353 |
| Total liabilities and stockholders’ equity | $104,853,805 | $12,532,913 |
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