Celcuity Inc. Files 2023 Annual Report on Form 10-K
Ticker: CELC · Form: 10-K · Filed: Mar 27, 2024 · CIK: 1603454
Sentiment: neutral
Topics: Celcuity Inc., 10-K, Annual Report, Financials, Equity
TL;DR
<b>Celcuity Inc. has filed its 2023 annual report (10-K) detailing financial performance and balance sheet information for the fiscal years ending December 31, 2023, 2022, and 2021.</b>
AI Summary
Celcuity Inc. (CELC) filed a Annual Report (10-K) with the SEC on March 27, 2024. Celcuity Inc. filed its 2023 Form 10-K on March 27, 2024, reporting on the fiscal year ending December 31, 2023. The filing details financial data for the fiscal years 2023, 2022, and 2021. Key balance sheet items such as common stock, preferred stock, additional paid-in capital, and retained earnings are reported for year-end 2023, 2022, and 2021. Information regarding furniture and fixtures, and leasehold improvements as of December 31, 2023, and December 31, 2022, is included. The report covers various equity instruments including preferred stock on an as-if-converted basis, options, warrants, and restricted stock for the fiscal years 2023 and 2022.
Why It Matters
For investors and stakeholders tracking Celcuity Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Celcuity Inc.'s financial position and operational results for the fiscal year 2023, which is crucial for investors to assess the company's performance and future prospects. The detailed breakdown of equity instruments and fixed assets offers insights into the company's capital structure and investment in its operational infrastructure.
Risk Assessment
Risk Level: medium — Celcuity Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the lack of specific financial performance metrics (revenue, net income, etc.) in the provided text prevents a deeper assessment of the company's financial health, thus classifying the risk as medium.
Analyst Insight
Investors should review the full 10-K filing to understand Celcuity Inc.'s financial performance, including revenue, profitability, and cash flow, as these details are not fully present in the provided excerpt.
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed period of report)
- 2024-03-27 — Filing Date (Filed as of date)
- 2023 — Fiscal Year (Reporting period)
- 2022 — Fiscal Year (Reporting period)
- 2021 — Fiscal Year (Reporting period)
Key Players & Entities
- Celcuity Inc. (company) — Filer name
- 2023 (date) — Fiscal year end
- 2024-03-27 (date) — Filing date
- 10-K (document) — Form type
- MINNEAPOLIS (location) — Business address city
- DE (location) — State of incorporation
FAQ
When did Celcuity Inc. file this 10-K?
Celcuity Inc. filed this Annual Report (10-K) with the SEC on March 27, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Celcuity Inc. (CELC).
Where can I read the original 10-K filing from Celcuity Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Celcuity Inc..
What are the key takeaways from Celcuity Inc.'s 10-K?
Celcuity Inc. filed this 10-K on March 27, 2024. Key takeaways: Celcuity Inc. filed its 2023 Form 10-K on March 27, 2024, reporting on the fiscal year ending December 31, 2023.. The filing details financial data for the fiscal years 2023, 2022, and 2021.. Key balance sheet items such as common stock, preferred stock, additional paid-in capital, and retained earnings are reported for year-end 2023, 2022, and 2021..
Is Celcuity Inc. a risky investment based on this filing?
Based on this 10-K, Celcuity Inc. presents a moderate-risk profile. The filing is a standard 10-K, which is a routine annual report. However, the lack of specific financial performance metrics (revenue, net income, etc.) in the provided text prevents a deeper assessment of the company's financial health, thus classifying the risk as medium.
What should investors do after reading Celcuity Inc.'s 10-K?
Investors should review the full 10-K filing to understand Celcuity Inc.'s financial performance, including revenue, profitability, and cash flow, as these details are not fully present in the provided excerpt. The overall sentiment from this filing is neutral.
Key Dates
- 2023-12-31: Fiscal Year End — Reporting period for the 10-K
- 2024-03-27: Filing Date — Date the 10-K was filed
Filing Stats: 4,341 words · 17 min read · ~14 pages · Grade level 18.7 · Accepted 2024-03-27 17:15:49
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share CELC The Nasdaq
- $10 — -affiliates of the registrant, based on $10.98, the closing price of the shares of
Filing Documents
- form10-k.htm (10-K) — 1569KB
- ex4-2.htm (EX-4.2) — 57KB
- ex23-1.htm (EX-23.1) — 4KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- ex97.htm (EX-97.1) — 51KB
- form10-k_001.jpg (GRAPHIC) — 99KB
- form10-k_003.jpg (GRAPHIC) — 33KB
- form10-k_005.jpg (GRAPHIC) — 33KB
- form10-k_1.jpg (GRAPHIC) — 104KB
- 0001493152-24-011549.txt ( ) — 7341KB
- celc-20231231.xsd (EX-101.SCH) — 51KB
- celc-20231231_cal.xml (EX-101.CAL) — 73KB
- celc-20231231_def.xml (EX-101.DEF) — 168KB
- celc-20231231_lab.xml (EX-101.LAB) — 436KB
- celc-20231231_pre.xml (EX-101.PRE) — 329KB
- form10-k_htm.xml (XML) — 779KB
Business
Business 5 Item 1A.
Risk Factors
Risk Factors 26 Item 1B. Unresolved Staff Comments 46 Item 1C. Cybersecurity 46 Item 2.
Properties
Properties 47 Item 3.
Legal Proceedings
Legal Proceedings 47 Item 4. Mine Safety Disclosures 47 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 48 Item 6.
Selected Financial Data
Selected Financial Data 49 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 49 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 56 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 57 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 77 Item 9A.
Controls and Procedures
Controls and Procedures 77 Item 9B. Other Information 77 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 77 PART III Item 10. Directors, Executive Officers and Corporate Governance 78 Item 11.
Executive Compensation
Executive Compensation 80 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 80 Item 13. Certain Relationships and Related Transactions, and Director Independence 80 Item 14. Principal Accounting Fees and Services 80 PART IV Item 15. Exhibits, Financial Statement Schedules 81 Item 16. Form 10-K Summary 81
Signatures
Signatures 82 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This Annual Report on Form 10-K (this "Annual Report") contains forward-looking statements regarding us, our business prospects and our results of operations that are subject to certain risks and uncertainties that could cause our actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those described in Part I, Item 1A, "Risk Factors" and elsewhere in this Annual Report. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Annual Report. We expressly disclaim any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are urged to carefully review and consider the various disclosures made by us in this Annual Report and in our other reports filed with the Securities and Exchange Commission (the "SEC") that advise interested parties of the risks and uncertainties that may affect our business. All and expectations for our business, operations and financial performance and condition, are forward-looking statements. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "target," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking