Qualigen Therapeutics, Inc.
For the period ended Mar 31, 2025. Filed Jul 21, 2025.
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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 Jul 21, 2025
FFR$0.89-1.9%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 Operations
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| EXPENSES | ||
| General and administrative | $2,494,532 | $1,057,364 |
| Research and development | 33,167 | 364,385 |
| Credit loss expense - short-term note receivable | 197,000 | |
| Total expenses | 2,724,699 | 1,421,749 |
| LOSS FROM OPERATIONS | (2,724,699) | (1,421,749) |
| OTHER EXPENSE (INCOME), NET | ||
| (Gain) loss on change in fair value of warrant liabilities | (39,224) | 133,300 |
| Gain on change in fair value of derivative liabilities | — | (164,497) |
| Interest expense | 73,615 | 136,556 |
| Interest income | (112,953) | (1,619) |
| Loss on issuance of convertible debt | — | 358,279 |
| Loss on monthly redemptions of convertible debt into common stock | — | 147,197 |
| Total other expense (income), net | (78,562) | 609,216 |
| LOSS BEFORE PROVISION FOR INCOME TAXES | (2,646,137) | (2,030,965) |
| (BENEFIT) PROVISION FOR INCOME TAXES | 35 | 1,786 |
| NET LOSS FROM CONTINUING OPERATIONS | (2,646,172) | (2,032,751) |
| DISCONTINUED OPERATIONS | ||
| Loss on disposal of discontinued operations, net of tax | — | — |
| GAIN (LOSS) FROM DISCONTINUED OPERATIONS | — | — |
| NET LOSS | (2,646,172) | (2,032,751) |
| Deemed dividend arising from warrant down-round provision | $— | $(60,017) |
| Net loss attributable to Qualigen Therapeutics, Inc | $(2,646,172) | $(2,092,768) |
| Total net loss per common share, basic and diluted | $(1.82) | $(17.60) |
| Weighted-average number of shares outstanding, basic and diluted (after stock split) | 1,456,714 | 118,876 |
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