Inhibitor Therapeutics, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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Balance Sheets as of December 31, 2024 and 2023
BALANCE SHEETS
DECEMBER 31, 2024 AND 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,606,863 | $8,839,912 |
| Prepaid expenses and other assets | 87,795 | 109,243 |
| Total current assets | 5,694,658 | 8,949,155 |
| Total assets | $5,694,658 | 8,949,155 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $15,896 | 33,731 |
| Accrued expenses and other liabilities | 693,722 | 631,433 |
| Total current liabilities | 709,618 | 665,164 |
| Deferred revenue | 3,000,000 | 3,000,000 |
| Total liabilities | 3,709,618 | 3,665,164 |
| Commitments and contingencies (Note 7) | - | - |
| Stockholders’ equity: | ||
| Series A Preferred Stock, $0.0001 par value; 500,000 shares authorized; no shares issued and outstanding at December 31, 2024 and December 31, 2023 | - | - |
| Series B Convertible Preferred Stock, $ 0.0001 par value; 7,246,377 shares authorized; no shares issued and outstanding at December 31, 2024 and December 31, 2023 | - | - |
| Undesignated Preferred Stock, $0.0001 par value; 2,253,623 shares authorized; no shares issued or outstanding at December 31, 2024 and December 31, 2023 | - | - |
| Common stock, $0.0001 par value; 500,000,000 shares authorized; 172,323,545 and 172,023,545 shares issued and outstanding at December 31, 2024 and December 31, 2023 | 17,232 | 17,202 |
| Additional paid-in capital | 54,087,065 | 54,046,845 |
| Accumulated deficit | (52,119,257) | (48,780,056) |
| Total stockholders’ equity | 1,985,040 | 5,283,991 |
| Total liabilities and stockholders’ equity | $5,694,658 | $8,949,155 |
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