Hepion Pharmaceuticals, Inc.
For the period ended Mar 31, 2025. Filed May 19, 2025.
View on SEC.govAbout 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 19, 2025
HEPA$0.11-13.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(6,105,887) | $(2,853,806) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 20,783 | 705,770 |
| Depreciation | — | 30,758 |
| Inducement expense | — | 2,567,044 |
| Change in fair value of derivative instrument-warrants | 4,800,481 | (1,160,652) |
| Change in fair value of contingent consideration | — | (770,000) |
| Changes in operating assets and liabilities: | ||
| Accounts payable and accrued expenses | 165,860 | (2,497,276) |
| Right of use asset | — | 30,859 |
| Operating lease liability | — | (33,752) |
| Prepaid expenses and other assets | 1,341 | 364,262 |
| Net cash used in operating activities | (1,117,422) | (3,616,793) |
| Cash flows from investing activities: | ||
| Net cash used in investing activities | — | — |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of common stock and warrants, net | 9,000,000 | 1,849,707 |
| Equity issuance costs | (802,597) | — |
| Payments on notes payable | (2,900,000) | — |
| Net cash provided by financing activities | 5,297,403 | 1,849,707 |
| Effect of exchange rates on cash | — | 86,708 |
| Net increase (decrease) in cash | 4,179,981 | (1,680,378) |
| Cash at beginning of period | 406,408 | 14,785,880 |
| Cash at end of period | $4,586,389 | $13,105,502 |
| Supplementary disclosure of cash flow information: | ||
| Supplementary disclosure of non-cash financing activities: | ||
| Issuance of Note Payable for payment of prepaid expense | 526,178 | — |
| Inducement expense for issuance of Series B-1 and B-2 warrants | $— | $2,821,399 |
| Cashless Exercise of 2025 Series B Warrants | $9,757,914 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.