Matinas Biopharma Holdings, Inc. (MTNB) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
1545 ROUTE 206 SOUTH BEDMINSTER, NJ 07921 |
| 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) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 49,622 | 58,679 | 27,775 | 12,447 | 7,307 | 4,105 | ||
| Cash and cash equivalents | 21,030 | 12,432 | 22,170 | 12,447 | 7,307 | 4,105 | ||
| Short-term investments | 28,592 | 46,247 | 5,605 | |||||
| Restricted cash and investments | 50 | 136 | 250 | 100 | 155 | |||
| Prepaid expense | 539 | 502 | ||||||
| Other undisclosed current assets | 1,321 | 2,740 | 1,898 | 460 | ||||
| Total current assets: | 50,993 | 61,555 | 29,923 | 13,085 | 7,964 | 4,565 | ||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 22 | 58 | 117 | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 4,219 | 3,277 | 3,761 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,538 | 1,524 | 1,749 | 2,043 | 1,570 | 356 | ||
| Long-term investments and receivables | 536 | 541 | ||||||
| Long-term investments | 536 | 541 | ||||||
| Intangible assets, net (including goodwill) | 4,354 | 4,354 | 4,354 | 4,354 | 4,354 | 4,354 | ||
| Goodwill | 1,336 | 1,336 | 1,336 | 1,336 | 1,336 | 1,336 | ||
| Intangible assets, net (excluding goodwill) | 3,017 | 3,017 | 3,017 | 3,017 | 3,017 | 3,017 | ||
| Restricted cash and investments | 200 | 200 | 336 | 461 | ||||
| Total noncurrent assets: | 10,333 | 9,412 | 10,317 | 6,858 | 6,460 | 5,251 | ||
| TOTAL ASSETS: | 61,326 | 70,967 | 40,240 | 19,943 | 14,424 | 9,816 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 3,789 | 3,145 | 2,619 | 2,557 | 1,542 | 1,305 | ||
| Accounts payable | 938 | 350 | 679 | 296 | 583 | 476 | ||
| Accrued liabilities | 2,851 | 2,795 | 1,940 | 1,087 | 959 | 830 | ||
| Interest and dividends payable | 1,174 | |||||||
| Debt | 21 | 31 | 478 | 283 | 197 | 128 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 485 | 11 | ||
| Other undisclosed current liabilities | 539 | 391 | ||||||
| Total current liabilities: | 4,349 | 3,568 | 3,097 | 2,840 | 2,225 | 1,445 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 4,143 | 3,328 | 3,750 | 108 | 68 | 16 | ||
| Finance lease, liability | 3 | 24 | 55 | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 108 | 68 | 16 | ||
| Operating lease, liability | 4,140 | 3,304 | 3,696 | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 341 | 341 | 341 | 854 | 848 | 1,205 | ||
| Deferred rent credit | 513 | ✕ | ✕ | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 341 | 848 | 1,205 | ||
| Deferred income tax liabilities | 341 | 341 | 341 | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 601 | |||||||
| Total noncurrent liabilities: | 4,484 | 3,669 | 4,091 | 962 | 1,517 | 1,222 | ||
| Total liabilities: | 8,833 | 7,237 | 7,189 | 3,802 | 3,742 | 2,666 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 52,493 | 63,731 | 33,052 | 16,142 | 10,682 | 7,150 | ||
| Preferred stock | 3,798 | 6,086 | ||||||
| Common stock | 22 | 20 | 16 | 11 | 9 | 6 | ||
| Additional paid in capital | 184,251 | 167,192 | 113,428 | 72,295 | 56,230 | 36,238 | ||
| Accumulated other comprehensive income (loss) | (145) | 228 | (1) | |||||
| Accumulated deficit | (131,634) | (107,507) | (84,378) | (65,945) | (51,275) | (35,180) | ||
| Other undisclosed stockholders' equity attributable to parent | 3,986 | 9,780 | 5,717 | |||||
| Total stockholders' equity: | 52,493 | 63,731 | 33,052 | 16,142 | 10,682 | 7,150 | ||
| TOTAL LIABILITIES AND EQUITY: | 61,326 | 70,967 | 40,240 | 19,943 | 14,424 | 9,816 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 33 | 158 | 90 | 120 | 150 | ||
| Gross profit: | 33 | 158 | 90 | 120 | 150 | ||
| Operating expenses | (24,768) | (24,365) | (19,011) | (14,766) | (16,652) | (8,257) | |
| Operating loss: | (24,735) | (24,207) | (18,921) | (14,647) | (16,502) | (8,257) | |
| Nonoperating income (expense) | 1,451 | 1,760 | 541 | 57 | 22 | (17) | |
| Investment income, nonoperating | 1,328 | 1,073 | 1,007 | 637 | 675 | ||
| Debt instrument, convertible, beneficial conversion feature | 4,394 | ||||||
| Other nonoperating income | 123 | 686 | |||||
| Interest and debt expense | (3) | (7) | (12) | (13) | (1) | ||
| Loss from continuing operations before income taxes: | (23,286) | (22,454) | (18,392) | (14,603) | (16,480) | (8,275) | |
| Income tax benefit | 507 | 357 | |||||
| Loss before gain (loss) on sale of properties: | (23,286) | (22,454) | (18,392) | (14,096) | (16,123) | (8,275) | |
| Other undisclosed net income | 46,586 | ||||||
| Net income (loss): | 23,300 | (22,454) | (18,392) | (14,096) | (16,123) | (8,275) | |
| Other undisclosed net income (loss) attributable to parent | (46,583) | 7 | 1,019 | 13 | 637 | 676 | |
| Net loss attributable to parent: | (23,283) | (22,447) | (17,373) | (14,083) | (15,486) | (7,599) | |
| Preferred stock dividends and other adjustments | (396) | (339) | (905) | (4,394) | |||
| Other undisclosed net loss available to common stockholders, basic | (793) | (586) | (17,350) | ||||
| Net loss available to common stockholders, diluted: | (23,679) | (23,240) | (18,297) | (14,988) | (32,836) | (11,993) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 23,300 | (22,454) | (18,392) | (14,096) | (16,123) | (8,275) | |
| Other comprehensive income (loss) | (374) | 229 | (1) | ||||
| Comprehensive income (loss): | 22,926 | (22,224) | (18,393) | (14,096) | (16,123) | (8,275) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (46,583) | 7 | 1,019 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (23,657) | (22,218) | (17,374) | (14,096) | (16,123) | (8,275) | |
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.