---------------   -------------- 
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 
                                       ------------   ------------ 
 

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SOURCE Azitra, Inc.

(END) Dow Jones Newswires

November 12, 2024 17:05 ET (22:05 GMT)