Dermata Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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.
Sep 30, 2024 · Filed Nov 13, 2024
DRMA$0.71-7.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| For the nine months endedSeptember 30, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(9,136,523) | $(5,660,717) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Stock-based compensation | 627,834 | 393,614 | ||
| Increase (decrease) in cash resulting from changes in: | ||||
| Prepaid expenses and other current assets | (3,095) | 11,294 | ||
| Accounts payable | (10,324) | (22,244) | ||
| Accrued and other current liabilities | 272,774 | 16,427 | ||
| Total adjustments to reconcile net loss to net cash used in operations | 887,189 | 399,091 | ||
| Net cash used in operating activities | (8,249,334) | (5,261,626) | ||
| Cash flows from financing activities: | ||||
| Proceeds from issuance of Common Stock, pre-funded warrants, and warrants, net of issuance costs | 6,955,611 | 5,651,668 | ||
| Proceeds from exercise of pre-funded warrants | 168 | 187 | ||
| Payment for fractional shares in reverse stock split | (828) | (40) | ||
| Net cash provided by financing activities | 6,954,951 | 5,651,815 | ||
| Net increase (decrease) in Cash and cash equivalents | (1,294,383) | 390,189 | ||
| Cash and cash equivalents at beginning of period | 7,438,135 | 6,241,294 | ||
| Cash and cash equivalents at end of period | $6,143,752 | $6,631,483 | ||
| Non-cash financing activities: | ||||
| Issuance of abeyance shares | $(45) | $ | - | |
| Incremental fair value of May 2024 warrant inducement | $1,526,232 | $ | - | |
| Issuance costs in accounts payable or accrued expenses | $60,051 | $ | - | |
| Incremental fair value of March 2023 warrant modification | $ | - | $144,765 | |
| Supplemental disclosure: | ||||
| Cash paid for taxes | $950 | $950 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.