EXICURE INC
For the period ended Mar 31, 2024. Filed Jun 17, 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.
Mar 31, 2024 · Filed Jun 17, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(829) | $(4,407) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Depreciation and amortization | 7 | 251 |
| Equity-based compensation | 5 | 308 |
| Amortization of right-of-use asset | 194 | 180 |
| Other | — | (105) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 218 | 157 |
| Other noncurrent assets | — | 180 |
| Accounts payable | 194 | 91 |
| Accrued expenses | (43) | 199 |
| Other liabilities | (196) | (172) |
| Net cash used in operating activities | (450) | (3,318) |
| Cash flows from investing activities: | ||
| Proceeds from sale of property and equipment | — | 106 |
| Net cash provided by investing activities | — | 106 |
| Cash flows from financing activities: | ||
| Proceeds from common stock offering | — | 5,440 |
| Payment of common stock financing costs | — | (843) |
| Payments for minimum statutory tax withholding related to net share settlement of equity awards | — | (2) |
| Net cash provided by provided by financing activities | — | 4,595 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (450) | 1,383 |
| Cash, cash equivalents, and restricted cash - beginning of period | 2,016 | 9,777 |
| Cash, cash equivalents, and restricted cash - end of period | $1,566 | $11,160 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental disclosure of cash flow information | ||
| Non-cash investing activities: | ||
| Reclassification of common stock warrants to liability | $— | $800 |
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the unaudited condensed consolidated balance sheets that sum to the total of the amounts shown in the unaudited condensed consolidated statements of cash flows:
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Cash and cash equivalents | $366 | $816 |
| Restricted cash included in other noncurrent assets | 1,200 | 1,200 |
| Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows | $1,566 | $2,016 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.