PALATIN TECHNOLOGIES INC

For the period ended Jun 30, 2024. Filed Sep 30, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Sep 30, 2024

PTN$6.89-4.7%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets

PALATIN TECHNOLOGIES, INC.
and Subsidiary
Consolidated Balance Sheets
	June 30, 2024	June 30, 2023
ASSETS
Current assets:
Cash and cash equivalents	$9,527,396	$7,989,582
Marketable securities	-	2,992,890
Accounts receivable	-	2,915,760
Inventories	-	526,000
Prepaid expenses and other current assets	242,272	1,897,281
Total current assets	9,769,668	16,321,513
Property and equipment, net	388,361	684,910
Right-of-use assets - operating leases	527,321	876,101
Other assets	56,916	56,916
Total assets	$10,742,266	$17,939,440
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Accounts payable	$4,101,929	$4,303,527
Accrued expenses	4,185,046	6,511,059
Short-term operating lease liabilities	380,542	354,052
Short-term finance lease liabilities	46,014	106,392
Other current liabilities	944,150	3,856,800
Total current liabilities	9,657,681	15,131,830
Long-term operating lease liabilities	163,782	544,323
Long-term finance lease liabilities	-	46,014
Other long-term liabilities	1,032,300	2,083,200
Warrant liabilities	-	1,850,544
Total liabilities	10,853,763	19,655,911
Commitments and contingencies (Note 14)
Contingently redeemable warrants	-	263,400
Stockholders’ deficiency:
Preferred stock of $0.01 par value – authorized 10,000,000 shares: shares issued and outstanding designated as follows:
Series A Convertible: authorized 4,030 shares as of June 30, 2024: issued and outstanding 4,030 shares as of June 30, 2024 and June 30, 2023	40	40
Common stock of $0.01 par value – authorized 300,000,000 shares:
issued and outstanding 17,926,640 shares as of June 30, 2024 and 11,656,714 shares as of June 30, 2023	179,266	116,567
Additional paid-in capital	441,475,747	409,933,959
Accumulated deficit	(441,766,550)	(412,030,437)
Total stockholders’ deficiency	(111,497)	(1,979,871)
Total liabilities and stockholders’ deficiency	$10,742,266	$17,939,440

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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.