Context Therapeutics Inc
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 21, 2024
CNTX$0.19-6.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(23,964,211) | $(14,835,939) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Acquired in-process research and development charge | — | 500,000 |
| Share-based compensation expense | 1,076,865 | 976,440 |
| Depreciation and amortization expense | 12,044 | 9,268 |
| Reduction in the carrying amount of operating lease right-of-use asset | 51,967 | 78,521 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 758,829 | (736,049) |
| Other assets | 32,750 | (32,750) |
| Accounts payable | 1,446,686 | (787,893) |
| Accrued expenses and other current liabilities | (407,470) | 1,354,578 |
| Operating lease liability | (55,078) | (75,410) |
| Cash used in operating activities | (21,047,618) | (13,549,234) |
| Cash flows from investing activities: | ||
| Acquired in-process research and development | — | (500,000) |
| Purchase of property and equipment | — | (36,836) |
| Cash used in investing activities | — | (536,836) |
| Cash flows from financing activities: | ||
| Payments for offering costs related to the private placement of common stock | — | (102,071) |
| Cash used in financing activities | — | (102,071) |
| Net decrease in cash, cash equivalents and restricted cash | (21,047,618) | (14,188,141) |
| Cash, cash equivalents and restricted cash at beginning of year | 35,497,445 | 49,685,586 |
| Cash and cash equivalents at end of year | $14,449,827 | $35,497,445 |
| Supplemental disclosure of non-cash activities: | ||
| Issuance of warrants for services provided | $— | $345,530 |
| Right-of-use asset obtained in exchange for lease obligation | $— | $130,488 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.