--------------- --------------
Total other income (expense) 1,919,716 50,443
--------------- --------------
Net loss before income taxes (1,009,491) (1,943,289)
Income tax expense - -
--------------- --------------
Net loss $ (1,009,491) (1,943,289)
Dividends on preferred stock - -
--------------- --------------
Net loss attributable to
common shareholders $ (1,009,491) (1,943,289)
Net loss per Share, basic and
diluted $ (.17) $ (4.82)
Weighted average common stock
outstanding, basic and
diluted 5,814,350 403,255
=============== ==============
Condensed Balance Sheets
(Unaudited)
September 30, December 31,
2024 2023
------------- -------------
Assets
Current Assets:
Cash and cash equivalents $ 7,260,234 $ 1,795,989
Other receivables 9,923 223,474
Prepaid expenses and other current
assets 364,673 516,116
------------ ------------
Total current assets $ 7,634,830 $ 2,535,579
------------ ------------
Property and equipment, net 638,107 710,075
Other assets 1,504,562 1,869,832
------------ ------------
Total assets $ 9,777,499 $ 5,115,486
------------ ------------
Liabilities, and stockholders'
equity
Current liabilities:
Accounts payable $ 588,460 $ 897,272
Current financing lease liability 15,687 14,600
Current operating lease liability 276,839 307,655
Accrued expenses 486,981 383,668
------------ ------------
Total current liabilities 1,367,967 1,603,195
------------ ------------
Long-term financing lease liability 14,266 26,169
Long-term operating lease liability 336,556 537,523
Warrant liability 457 35,453
------------ ------------
Total liabilities 1,719,246 2,202,340
Stockholders' equity
Common stock 763 40
Additional paid-in capital 63,230,182 51,510,269
Accumulated deficit (55,172,692) (48,597,163)
------------ ------------
Total stockholders' equity 8,058,253 2,913,146
Total liabilities and stockholders'
equity $ 9,777,499 $ 5,115,486
------------ ------------
View original content to download multimedia:https://www.prnewswire.com/news-releases/azitra-inc-announces-q3-2024-financial-results-and-provides-business-updates-302303346.html
SOURCE Azitra, Inc.
(END) Dow Jones Newswires
November 12, 2024 17:05 ET (22:05 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.