Co-Diagnostics, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 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.
Jun 30, 2025 · Filed Aug 14, 2025
CODX$0.29-9.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from operating activities | |||
| Net loss | $(15,263,388) | $(16,911,361) | |
| Adjustments to reconcile net loss to cash used in operating activities: | |||
| Depreciation and amortization | 571,859 | 668,908 | |
| Stock-based compensation expense | 1,455,493 | 3,070,892 | |
| Common stock issued for financial advisory services | 135,000 | - | |
| Change in fair value of acquisition contingencies | (727,289) | (206,144) | |
| Non-cash lease expense | (2,003) | 10,613 | |
| Realized gain on investments | (641,823) | (302,235) | |
| Loss from equity method investment | 15,204 | 145,458 | |
| (Gain) loss on disposition of assets | 9,004 | (3,500) | |
| Provision for (recoveries of) credit losses | (13,248) | (40,944) | |
| Inventory obsolescence expense (recovery) | (95,302) | 84,430 | |
| Changes in assets and liabilities: | |||
| Accounts receivable | (65,150) | (206,634) | |
| Prepaid expenses and other assets | 690,010 | 299,970 | |
| Inventory | 83,399 | 116,335 | |
| Deferred revenue | 5,000 | (141,519) | |
| Income taxes payable | 23,290 | 39,927 | |
| Accounts payable, accrued expenses and other liabilities | (3,213,100) | (318,728) | |
| Net cash used in operating activities | (17,033,044) | (13,694,532) | |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (492,973) | (500,922) | |
| Proceeds from maturities of marketable investment securities | 31,509,485 | 26,836,743 | |
| Purchases of marketable securities | (6,588,577) | (13,699,301) | |
| Net cash provided by investing activities | 24,427,935 | 12,636,520 | |
| Cash flows from financing activities | |||
| Issuance of common stock related to at-the-market offering, net of offering costs | 783,746 | - | |
| Net cash provided by financing activities | 783,746 | - | |
| Net increase (decrease) in cash and cash equivalents | 8,178,637 | (1,058,012) | |
| Cash and cash equivalents at beginning of period | 2,936,544 | 14,916,878 | |
| Cash and cash equivalents at end of period | $11,115,181 | $13,858,866 | |
| Supplemental disclosure of cash flow information | |||
| Income taxes paid | $ | - | $800 |
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