Chromocell Therapeutics Corp
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
PTHS$8.90-5.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(6,028,604) | $(3,341,640) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Amortization of debt discount | 615,933 | 66,786 |
| Issuance cost from shares issued on extension of bridge loan | — | 201,600 |
| Stock-based compensation | 1,268,873 | 941,989 |
| Gain on default judgement | (363,091) | — |
| Changes in operating assets and liabilities: | ||
| Accounts payable and accrued expenses | 557,589 | 1,166,880 |
| Accrued compensation | (282,548) | 340,161 |
| Due from Chromocell Corporation | (45,786) | — |
| Prepaid expenses | (94,585) | — |
| Deferred offering costs | (750,000) | — |
| Net Cash Used In Operating Activities | (5,122,219) | (624,224) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from loan payable, net of debt discount | 690,000 | 181,008 |
| Proceeds from loan payable - related party, net of debt discount | — | 410,928 |
| Payment of bridge loan, net of debt discount | (214,757) | — |
| Common stock issued for cash | 5,972,000 | — |
| Recission of common stock | (166,512) | — |
| Net Cash Provided By Financing Activities | 6,280,731 | 591,936 |
| NET INCREASE IN CASH | 1,158,512 | (32,288) |
| CASH AT BEGINNING OF PERIOD | 96,391 | 55,074 |
| CASH AT END OF PERIOD | $1,254,903 | $22,786 |
| Supplemental cash flow information: | ||
| Cash paid for income taxes | $— | $— |
| Cash paid for interest expense | $— | $— |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Shares forfeited | $ | $120 |
| Debt discount from common stock issued for extension of bridge loan | $447,779 | $— |
| Conversion of notes | $1,362,821 | $— |
| Transfer of liabilities to Chromocell Corp for Preferred Stock | $2,153,362 | $— |
| Account payable and accrued expenses converted to notes | $1,455,416 | $— |
| Account payable and accrued expenses converted to notes - related party | $131,868 | $— |
| Shares issued for payment of accounts payable | $7,339 | $— |
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