Galectin Therapeutics Inc. (GALT) financial statements (2022 and earlier)

Company profile

Business Address 4960 PEACHTREE INDUSTRIAL BOULEVARD
NORCROSS, GA 30071
State of Incorp. NV
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,64836,60031,59820,76027,14232,55640,768
Cash and cash equivalents39,64836,60031,59820,76027,14232,55640,768
Other undisclosed current assets2,1721,3981,7362,0342,3231,327352
Total current assets:41,82037,99833,33422,79429,46533,88341,120
Noncurrent Assets
Other noncurrent assets74071103135166197
Total noncurrent assets:74071103135166197
TOTAL ASSETS:41,82738,03833,40522,89729,60034,04941,317
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,0338,2996,0544,6631,3572,488272
Accounts payable1,8051,9179243821,292691206
Accrued liabilities7,1636,3825,0654,281 1,797 
Interest and dividends payable65 65 65 66
Other undisclosed current liabilities    4,042 4,003
Total current liabilities:9,0338,2996,0544,6635,3992,4884,275
Noncurrent Liabilities
Liabilities, other than long-term debt1,1301,191592 81931
Other liabilities    81931
Derivative instruments and hedges, liabilities1,1301,191592    
Other undisclosed noncurrent liabilities29,04819,2999,643    
Total noncurrent liabilities:30,17820,49010,235 81931
Total liabilities:39,21128,78916,2894,6635,4072,5074,306
Temporary equity, carrying amount1,7231,723     
Stockholders' equity
Stockholders' equity attributable to parent, including:8937,52615,39316,51122,47029,81935,288
Preferred stock527527     
Common stock59595956565656
Additional paid in capital271,001270,347269,657262,264261,883261,316260,820
Accumulated deficit(270,694)(263,407)(254,850)(246,336)(239,996)(232,080)(226,125)
Other undisclosed stockholders' equity attributable to parent  527527527527537
Other undisclosed stockholders' equity  1,7231,7231,7231,7231,723
Total stockholders' equity:8937,52617,11618,23424,19331,54237,011
TOTAL LIABILITIES AND EQUITY:41,82738,03833,40522,89729,60034,04941,317

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Operating expenses(7,425)(8,244)(8,193)(6,317)(7,832)(5,926)(6,102)
Operating loss:(7,425)(8,244)(8,193)(6,317)(7,832)(5,926)(6,102)
Nonoperating income (expense)204(276)(256)(21)(20)(17)(12)
Investment income, nonoperating476(165)11259
Interest and debt expense(272)(111)(85)(22)(22)(22)(21)
Net loss:(7,493)(8,631)(8,534)(6,360)(7,874)(5,965)(6,135)
Other undisclosed net income attributable to parent2721118522222221
Net loss attributable to parent:(7,221)(8,520)(8,449)(6,338)(7,852)(5,943)(6,114)
Preferred stock dividends and other adjustments(67)(37)  (65)(12)(66)
Other undisclosed net loss available to common stockholders, basic  (65)(2)   
Net loss available to common stockholders, diluted:(7,288)(8,557)(8,514)(6,340)(7,917)(5,955)(6,180)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(7,493)(8,631)(8,534)(6,360)(7,874)(5,965)(6,135)
Comprehensive loss, net of tax, attributable to parent:(7,493)(8,631)(8,534)(6,360)(7,874)(5,965)(6,135)

Statements sources

The financial statements are based on the company's filings with the 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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