PALATIN TECHNOLOGIES INC
For the period ended Jun 30, 2025. Filed Sep 23, 2025.
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FY2025 · Filed Sep 23, 2025
PTN$6.89-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| June 30, 2025 | June 30, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,564,265 | $9,527,396 |
| Other receivables | 29,468 | - |
| Prepaid expenses and other current assets | 325,695 | 242,272 |
| Total current assets | 2,919,428 | 9,769,668 |
| Property and equipment, net | 129,444 | 388,361 |
| Right-of-use assets - operating leases | 161,166 | 527,321 |
| Other assets | 56,916 | 56,916 |
| Total assets | $3,266,954 | $10,742,266 |
| LIABILITIES AND STOCKHOLDERS DEFICIENCY | ||
| Current liabilities: | ||
| Accounts payable | $6,998,806 | $4,101,929 |
| Accrued expenses | 881,412 | 4,185,046 |
| Short-term operating lease liabilities | 129,812 | 380,542 |
| Short-term finance lease liabilities | - | 46,014 |
| Other current liabilities | - | 944,150 |
| Total current liabilities | 8,010,030 | 9,657,681 |
| Long-term operating lease liabilities | 33,969 | 163,782 |
| Other long-term liabilities | - | 1,032,300 |
| Total liabilities | 8,043,999 | 10,853,763 |
| Commitments and contingencies (Note 10) | ||
| 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, 2025: issued and outstanding 4,030 shares as of June 30, 2025 and June 30, 2024 | 40 | 40 |
| Series D Convertible: authorized 3,400 shares as of June 30, 2025: issued and outstanding 3,400 shares as of June 30, 2025 | 34 | - |
| Common stock of $0.01 par value authorized 300,000,000 shares: | ||
| issued and outstanding 929,597 shares as of June 30, 2025 and 358,532 shares as of June 30, 2024 | 9,296 | 3,585 |
| Additional paid-in capital | 454,287,484 | 441,651,428 |
| Accumulated deficit | (459,073,899) | (441,766,550) |
| Total stockholders deficiency | (4,777,045) | (111,497) |
| Total liabilities and stockholders deficiency | $3,266,954 | $10,742,266 |
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