Artelo Biosciences Inc. (ARTL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
505 LOMAS SANTA FE, SUITE 160 SOLANA BEACH, CA 92075 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,861,000 | 17,533,000 | 10,065,000 | 2,142,072 | 4,423,965 | 337,424 | |||
| Cash and cash equivalents | 250,000 | 6,888,000 | 6,629,000 | 2,142,072 | 4,423,965 | 337,424 | |||
| Short-term investments | 7,611,000 | 10,645,000 | 3,436,000 | ||||||
| Receivables | 8,787 | 22,127 | |||||||
| Prepaid expense | 789,000 | 252,000 | |||||||
| Deposits current assets | 1,500 | ||||||||
| Other undisclosed current assets | 3,119,000 | 195,127 | 8,336 | 36,884 | |||||
| Total current assets: | 10,980,000 | 18,322,000 | 10,317,000 | 2,337,199 | 4,442,588 | 396,435 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 21,000 | 60,000 | 90,000 | ✕ | |||||
| Property, plant and equipment | 246 | 721 | 563 | ||||||
| Intangible assets, net (including goodwill) | 2,039,000 | 2,039,000 | 2,039,417 | 2,039,417 | |||||
| Intangible assets, net (excluding goodwill) | 2,039,000 | 2,039,000 | 2,039,417 | 2,039,417 | |||||
| Prepaid expense | 189,000 | ||||||||
| Other noncurrent assets | 3,000 | ||||||||
| Other undisclosed noncurrent assets | 2,042,000 | ||||||||
| Total noncurrent assets: | 2,063,000 | 2,102,000 | 2,318,000 | 2,039,663 | 2,040,138 | 563 | |||
| TOTAL ASSETS: | 13,043,000 | 20,424,000 | 12,635,000 | 4,376,862 | 6,482,726 | 396,998 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,238,000 | 905,000 | 493,000 | 490,218 | 348,863 | 529,272 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,238,000 | 905,000 | 493,000 | 490,218 | 348,863 | 529,272 | |||
| Derivative instruments and hedges, liabilities | 29,501 | ||||||||
| Due to related parties | ✕ | ✕ | 53,000 | 5,000 | 11,959 | 3,732 | 2,700 | ||
| Other undisclosed current liabilities | 53,000 | 40,000 | 28,000 | 639,417 | |||||
| Total current liabilities: | 1,291,000 | 998,000 | 526,000 | 502,177 | 1,021,513 | 531,972 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 23,000 | ||||||||
| Operating lease, liability | 23,000 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | 67,000 | ||||||||
| Total noncurrent liabilities: | 23,000 | 67,000 | |||||||
| Total liabilities: | 1,291,000 | 1,021,000 | 593,000 | 502,177 | 1,021,513 | 531,972 | |||
| Equity | |||||||||
| Equity, attributable to parent | 11,752,000 | 19,403,000 | 12,042,000 | 3,874,685 | 5,461,213 | (134,974) | |||
| Common stock | 3,000 | 3,000 | 25,000 | 4,992 | 3,354 | 14,002 | |||
| Additional paid in capital | 52,262,000 | 50,675,000 | 28,902,000 | 13,271,549 | 10,278,421 | 2,501,884 | |||
| Accumulated other comprehensive income (loss) | (203,000) | (254,000) | 18,000 | 63,762 | (9,806) | (12,280) | |||
| Accumulated deficit | (40,310,000) | (31,021,000) | (16,903,000) | (9,465,618) | (4,810,756) | (2,638,580) | |||
| Total equity: | 11,752,000 | 19,403,000 | 12,042,000 | 3,874,685 | 5,461,213 | (134,974) | |||
| TOTAL LIABILITIES AND EQUITY: | 13,043,000 | 20,424,000 | 12,635,000 | 4,376,862 | 6,482,726 | 396,998 | |||
Income Statement (P&L) (USD)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | (9,930,000) | (10,287,000) | (7,441,000) | (4,685,775) | (3,209,531) | (2,343,491) | ||
| Operating loss: | (9,930,000) | (10,287,000) | (7,441,000) | (4,685,775) | (3,209,531) | (2,343,491) | ||
| Nonoperating income | 641,000 | 204,000 | 4,000 | 30,913 | 1,037,355 | |||
| Interest and debt expense | (5,000) | |||||||
| Loss from continuing operations: | (9,289,000) | (10,088,000) | (7,437,000) | (4,654,862) | (2,172,176) | (2,343,491) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (7,437,000) | (4,654,862) | (2,172,176) | (2,343,491) | |
| Other undisclosed net income (loss) | 20,171,000 | 14,874,000 | ||||||
| Net income (loss): | (9,289,000) | 10,083,000 | 7,437,000 | (4,654,862) | (2,172,176) | (2,343,491) | ||
| Other undisclosed net income (loss) attributable to parent | (20,166,000) | (14,874,000) | ||||||
| Net loss available to common stockholders, diluted: | (9,289,000) | (10,083,000) | (7,437,000) | (4,654,862) | (2,172,176) | (2,343,491) | ||
Comprehensive Income (USD)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,289,000) | 10,083,000 | 7,437,000 | (4,654,862) | (2,172,176) | (2,343,491) | ||
| Other comprehensive loss | ||||||||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | (9,289,000) | 10,083,000 | 7,437,000 | (4,654,862) | (2,172,176) | (2,343,491) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 51,000 | (20,402,000) | (14,920,000) | 73,568 | 2,474 | (12,937) | ||
| Comprehensive loss, net of tax, attributable to parent: | (9,238,000) | (10,319,000) | (7,483,000) | (4,581,294) | (2,169,702) | (2,356,428) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.