Azitra, Inc.

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

About this filing

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, 2025 · Filed Nov 12, 2025

AZTR$0.64-12.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Statements of Changes in Stockholders' Equity

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED)

Preferred Stock · Common Stock · Additional Paid-in-Capital · Accumulated Deficit · Total Stockholders' Equity
Shares · Amount · Shares · Amount
Balance - December 31, 2023	—	$—	60,535		$6	$51,511,473		$(48,598,333)	$2,913,146
Exercise of stock options	—	—	200		—	19,100		—	19,100
Follow-on public offering, net of issuance costs of $709,426	—	—	83,403		8	4,290,666		—	4,290,674
Stock-based compensation	—	—	—		—	34,171		—	34,171
Net loss	—	—	—		—	—		(2,932,875)	(2,932,875)
Balance, March 31, 2024	—	$—	144,138		$14	$55,855,410		$(51,531,208)	$4,324,216
Follow-on public offering issuance costs adjustment	—	—	—		—	(227)		—	(227)
Stock-based compensation	—	—	—		—	34,170		—	34,170
Net loss	—	—		—			(2,631,993)	(2,631,993)
Balance, June 30, 2024	—	—	144,138		$14	$55,889,353		$(54,163,201)	$1,726,166
Follow-on public offering, net of issuance costs of $933,960	—	—	1,000,750		100	9,063,440		—	9,063,540
Reclass of warrant liability	—	—	—		—	(1,866,200)		—	(1,866,200)
Exercise of Warrants	—	—	150		—	704		—	704
Stock based compensation expense	—	—	—		—	143,534		—	143,534
Net loss	—	—	—		—	—		(1,009,491)	(1,009,491)
Balance - September 30, 2024	—	—	1,145,038		$114	$63,230,831		$(55,172,692)	$8,058,253

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED)

Preferred Stock · Common Stock · Additional Paid-in-Capital · Accumulated Deficit · Total Stockholders' Equity
Shares · Amount · Shares · Amount
Balance - December 31, 2024	—	$—	1,145,038	$115	$63,264,008	$(57,565,825)		$5,698,298
Follow-on public offering, net of issuance costs of $269,948	—	—	729,381	73	1,186,220		—		1,186,293
Follow-on public offering, net of issuance costs of $133,076	—	—	374,696	37	560,939		—		560,976
Stock-based compensation	—	—	—	—	30,402		—		30,402
Net loss	—	—	—	—	—		(3,068,345)		(3,068,345)
Balance, March 31, 2025	—	$—	2,249,115	$225	$65,041,571		$(60,634,171)		$4,407,625
Draws on equity line of credit, net of issuance costs of $79,985	—	—	449,998	45	694,263		—		694,308
Stock-based compensation	—	—	—	—	16,031		—		16,031
Net loss	—	—	—	—	—		(2,888,993)		(2,888,993)
Balance, June 30, 2025	—	$—	2,699,113	$270	$65,751,865		$(63,523,164)		$2,228,971
Draws on equity line of credit, net of issuance costs of $—	—	—	2,905,825	291	2,847,448		—		2,847,739
Stock-based compensation	—	—	—	—	4,165		—		4,165
Offering costs and other miscellaneous adjustments	—	—	—	—	(37,171)		—		(37,171)
Net loss	—	—	—	—	—		(2,764,528)		(2,764,528)
Balance, September 30, 2025	—	$—	5,604,938	$561	$68,566,307		$(66,287,692)		$2,279,176
Amounts in the Condensed Statements of Changes in Stockholders' may not foot due to rounding

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.