Celcuity Inc. Files Q2 2024 10-Q

TL;DR

Celcuity's Q2 10-Q is in. Check financials for latest performance.

AI Summary

Celcuity Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st, and this filing covers the second quarter of 2024. Key financial data points from previous periods, such as December 31, 2023, and March 31, 2024, are also referenced.

Why It Matters

This 10-Q filing provides investors and analysts with an update on Celcuity Inc.'s financial health and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant negative news.

Key Numbers

• 20240630 — Reporting Period End Date (This is the end date for the financial data presented in the 10-Q.)
• 20240814 — Filing Date (The date Celcuity Inc. submitted this quarterly report to the SEC.)

Key Players & Entities

• Celcuity Inc. (company) — Filer of the 10-Q report.
• 20240630 (date) — End of the reporting period for the 10-Q.
• 20240814 (date) — Date the 10-Q was filed.
• MINNEAPOLIS (location) — City where Celcuity Inc. is headquartered.

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share CELC The Nasdaq

Filing Documents

• form10-q.htm (10-Q) — 991KB
• 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) — 6KB
• 0001493152-24-032372.txt ( ) — 4534KB
• celc-20240630.xsd (EX-101.SCH) — 30KB
• celc-20240630_cal.xml (EX-101.CAL) — 44KB
• celc-20240630_def.xml (EX-101.DEF) — 123KB
• celc-20240630_lab.xml (EX-101.LAB) — 322KB
• celc-20240630_pre.xml (EX-101.PRE) — 240KB
• form10-q_htm.xml (XML) — 606KB

Signatures

Signatures 26 As used in this report, the terms "we," "us," "our," "Celcuity," and the "Company" mean Celcuity Inc., unless the context indicates another meaning. 2 PART I. FINANCIAL INFORMATION ITEM 1. Financial Statements Celcuity Inc. Condensed Balance Sheets June 30, 2024 December 31, 2023 (unaudited) Assets Current Assets: Cash and cash equivalents $ 30,458,800 $ 30,662,774 Investments 252,609,622 149,919,974 Other current assets 8,862,940 10,007,849 Total current assets 291,931,362 190,590,597 Property and equipment, net 308,444 228,782 Operating lease right-of-use assets 305,179 400,019 Total Assets $ 292,544,985 $ 191,219,398 Liabilities and Stockholders' Equity: Current Liabilities: Accounts payable $ 6,203,132 $ 5,076,699 Operating lease liabilities 178,587 184,950 Accrued expenses 13,146,769 8,927,094 Total current liabilities 19,528,488 14,188,743 Operating lease liabilities 138,533 225,922 Note payable, non-current 96,193,172 37,035,411 Total Liabilities 115,860,193 51,450,076 Commitments and Contingencies (Note 5) - - Stockholders' Equity: Preferred stock, $ 0.001 par value: 2,500,000 shares authorized; 317,577 and 854,134 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 318 854 Common stock, $ 0.001 par value: 65,000,000 shares authorized; 37,014,751 and 25,506,012 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 37,015 25,506 Additional paid-in capital 382,057,737 299,818,965 Accumulated deficit ( 205,410,278 ) ( 160,076,003 ) Total Stockholders' Equity 176,684,792 139,769,322 Total Liabilities and Stockholders' Equity $ 292,544,985 $ 191,219,398 See accompanying notes to the Condensed financial statements 3 Condensed (unaudited) 2024 2023 2024 2023 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2

View Full Filing

View this 10-Q filing on SEC EDGAR