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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,64827,14247,4808,2533,05315,36225,846
Cash and cash equivalents39,64827,14247,4808,2533,05315,36225,846
Other undisclosed current assets2,1722,323729579766432554
Total current assets:41,82029,46548,2098,8323,81915,79426,400
Noncurrent Assets
Intangible assets, net (including goodwill)     18
Intangible assets, net (excluding goodwill)     18
Other noncurrent assets7135258174342  
Total noncurrent assets:713525817434218
TOTAL ASSETS:41,82729,60048,4679,0064,16115,79526,408
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,0331,3571,7272,1082,9683,7801,360
Accounts payable1,8051,2921,661297608910448
Accrued liabilities7,163  1,5122,2922,802845
Interest and dividends payable656566299686867
Other undisclosed current liabilities 4,0421,093    
Total current liabilities:9,0335,3992,8202,1082,9683,7801,360
Noncurrent Liabilities
Liabilities, other than long-term debt1,130852    
Other liabilities 852    
Derivative instruments and hedges, liabilities1,130      
Other undisclosed noncurrent liabilities29,048      
Total noncurrent liabilities:30,178852    
Total liabilities:39,2115,4072,8722,1082,9683,7801,360
Temporary equity, carrying amount1,723      
Stockholders' equity
Stockholders' equity attributable to parent, including:89322,47043,8725,175(530)10,29218,040
Preferred stock527     557
Common stock59565641363328
Additional paid in capital271,001261,883259,673194,130173,363166,721157,504
Accumulated deficit(270,694)(239,996)(216,394)(196,215)(181,168)(163,701)(140,049)
Other undisclosed stockholders' equity attributable to parent 5275377,2197,2397,239 
Other undisclosed stockholders' equity 1,7231,7231,7231,7231,7237,008
Total stockholders' equity:89324,19345,5956,8981,19312,01525,048
TOTAL LIABILITIES AND EQUITY:41,82729,60048,4679,0064,16115,79526,408

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Operating expenses(30,179)(23,444)(13,438)(13,602)(16,247)(21,481)(20,079)
Operating loss:(30,179)(23,444)(13,438)(13,602)(16,247)(21,481)(20,079)
Nonoperating income (expense)(348)(21)144(298)124552
Investment income, nonoperating1416623138244552
Interest and debt expense(489)(87)(87)(336)(12)  
Net loss:(31,016)(23,552)(13,381)(14,236)(16,247)(21,436)(20,027)
Other undisclosed net income attributable to parent489878733612  
Net loss attributable to parent:(30,527)(23,465)(13,294)(13,900)(16,235)(21,436)(20,027)
Preferred stock dividends and other adjustments(171)(137)(263)(1,147)(1,232)(741)(868)
Other undisclosed net loss available to common stockholders, basic  (6,622)  (173)(229)
Net loss available to common stockholders, diluted:(30,698)(23,602)(20,179)(15,047)(17,467)(22,350)(21,124)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(31,016)(23,552)(13,381)(14,236)(16,247)(21,436)(20,027)
Comprehensive loss, net of tax, attributable to parent:(31,016)(23,552)(13,381)(14,236)(16,247)(21,436)(20,027)

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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