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Greenwich LifeSciences, Inc.

For the period ended Mar 31, 2025. Filed May 20, 2025.

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About 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 20, 2025

GLSI$15.17+3.5%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31,2025

☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

COMMISSION FILE NUMBER 001-39555

(Exact Name of registrant as specified in its charter)

Delaware20-5473709
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
3992 Bluebonnet Dr., Building 14, Stafford, Texas77477
(Address of principal executive offices)(Zip Code)

(832) 819-3232

(Registrant’s telephone number, including area code)

Title of each class:Trading Symbol(s)Name of each exchange on which registered:
Common StockGLSINasdaq Capital Market

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐Non-accelerated filer ☒Smaller reporting company ☒Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

As of May 9, 2025, the issuer had 13,368,304 shares of Common Stock issued and outstanding.

Table of Contents

Page
PART IFINANCIAL INFORMATION3
Item 1.Financial Statements (unaudited)3
Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 20243
Statements of Operations for the Three Months Ended March 31, 2025 and 2024 (Unaudited)4
Statements of Stockholders’ Equity for the Three Months Ended March 31, 2025 and 2024 (Unaudited)5
Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (Unaudited)6
Notes to Financial Statements (Unaudited)7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations10
Item 3.Quantitative and Qualitative Disclosures About Market Risk12
Item 4.Controls and Procedures13
PART IIOTHER INFORMATION13
Item 1.Legal Proceedings13
Item 1A.Risk Factors13
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds13
Item 3.Defaults Upon Senior Securities13
Item 4.Mine Safety Disclosures13
Item 5.Other Information13
Item 6:Exhibits14
SIGNATURES15

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.