First Wave BioPharma Inc. (FWBI) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 YAMATO ROAD
BOCA RATON, FL 33431
State of Incorp. DE
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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,711,7703,292,3271,236,0542,064,4351,362,9101,657,013
Cash and cash equivalents3,711,7703,292,3271,236,0542,064,4351,362,9101,657,013
Receivables    20,00093,014191,984
Prepaid expense1,244,466684,2731,117,7371,445,4381,956,831561,459
Deferred costs      138,684
Total current assets:4,956,2363,976,6002,353,7913,529,8733,412,7552,549,140
Noncurrent Assets
Operating lease, right-of-use asset195,440211,832227,927243,733259,261274,516
Property, plant and equipment14,56521,88429,20236,52143,83951,157
Intangible assets, net (including goodwill)1,684,1821,684,1821,684,1821,684,1821,684,1821,714,787
Goodwill1,684,1821,684,1821,684,1821,684,1821,684,1821,714,787
Intangible assets, net (excluding goodwill)      
Deposits noncurrent assets11,25011,25011,25018,14918,14934,298
Other undisclosed noncurrent assets21,52221,52121,51921,51821,51321,505
Total noncurrent assets:1,926,9591,950,6691,974,0802,004,1032,026,9442,096,263
TOTAL ASSETS:6,883,1955,927,2694,327,8715,533,9765,439,6994,645,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,379,5671,413,8312,071,0571,315,4881,040,2164,644,377
Interest and dividends payable763,556
Employee-related liabilities25,565
Accounts payable554,277579,2911,591,195469,760720,0403,582,988
Accrued liabilities825,290834,540479,862845,728320,176272,268
Debt612,784 153,478380,390603,494 
Other liabilities4,23910,80629,90712,12312,13810,951
Other undisclosed current liabilities1,136,7271,057,8571,006,807916,855827,6392,038,832
Total current liabilities:3,133,3172,482,4943,261,2492,624,8562,483,4876,694,160
Noncurrent Liabilities
Long-term debt and lease obligation     231,292
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt146,949165,970184,662196,524214,060 
Deferred income tax liabilities      
Operating lease, liability146,949165,970184,662196,524214,060231,292
Other undisclosed noncurrent liabilities      (231,292)
Total noncurrent liabilities:146,949165,970184,662196,524214,060231,292
Total liabilities:3,280,2662,648,4643,445,9112,821,3802,697,5476,925,452
Temporary equity, carrying amount      
Equity
Equity, attributable to parent3,602,9293,278,805881,9602,712,5962,742,152(2,280,049)
Common stock1561,346421155100231
Additional paid in capital187,931,445183,505,191177,675,113175,316,783171,275,741163,722,141
Accumulated other comprehensive loss      (1,454,721)
Accumulated deficit(184,328,672)(180,227,732)(176,793,574)(172,604,342)(168,533,689)(164,547,700)
Total equity:3,602,9293,278,805881,9602,712,5962,742,152(2,280,049)
TOTAL LIABILITIES AND EQUITY:6,883,1955,927,2694,327,8715,533,9765,439,6994,645,403

Income Statement (P&L) (USD)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Operating expenses(4,093,621)(3,433,137)(4,181,644)(4,062,425)(2,279,671)4,389,530
Operating income (loss):(4,093,621)(3,433,137)(4,181,644)(4,062,425)(2,279,671)4,389,530
Nonoperating income (expense)(7,319)(1,021)(7,588)(8,228)(1,706,318)1,801
Investment income, nonoperating2242292051,8734,6862,664
Other nonoperating income (expense)(495) (2,615)(1,114)6,560 
Interest and debt expense(7,048)(1,250)(5,178)(8,987)(6,193)(863)
Income (loss) from continuing operations before equity method investments, income taxes:(4,107,988)(3,435,408)(4,194,410)(4,079,640)(3,992,182)4,390,468
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(4,107,988)(3,435,408)(4,194,410)(4,079,640)(3,992,182)4,390,468
Income tax benefit      
Income (loss) from continuing operations:(4,107,988)(3,435,408)(4,194,410)(4,079,640)(3,992,182)4,390,468
Income before gain (loss) on sale of properties:4,390,468
Net income (loss):(4,107,988)(3,435,408)(4,194,410)(4,079,640)(3,992,182)4,390,468
Other undisclosed net income attributable to parent 7,0481,2505,1788,9876,193863
Net income (loss) attributable to parent:(4,100,940)(3,434,158)(4,189,232)(4,070,653)(3,985,989)4,391,331
Preferred stock dividends and other adjustments(77,081)(49,292)(94,324)(87,431)2,068(110,278)
Other undisclosed net loss available to common stockholders, basic      (47,300)
Net income (loss) available to common stockholders, basic:(4,178,021)(3,483,450)(4,283,556)(4,158,084)(3,983,921)4,233,753
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(4,178,021)(3,483,450)(4,283,556)(4,158,084)(3,983,921)4,233,753

Comprehensive Income (USD)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(4,107,988)(3,435,408)(4,194,410)(4,079,640)(3,992,182)4,390,468
Comprehensive income (loss):(4,107,988)(3,435,408)(4,194,410)(4,079,640)(3,992,182)4,390,468
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 7,0481,2505,1788,9871,460,914(34,372)
Comprehensive income (loss), net of tax, attributable to parent:(4,100,940)(3,434,158)(4,189,232)(4,070,653)(2,531,268)4,356,096

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.

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