EX-99.1 2 ex99-1.htm

 

Exhibit 99.1

 

Hepion Pharmaceutical

Consolidated Balance Sheets

January 31, 2025

PBC

 

    January 31, 2025 
    (Unaudited) 
ASSETS     
Current Assets     
Cash   5,219,944.00 
Prepaid expenses   1,142,329.00 
Related party receivable   - 
Total Current Assets  $6,362,273.00 
Property and equipment, net   - 
Right-of-use assets   - 
Other assets   - 
In Process R&D   - 
TOTAL ASSETS  $6,362,273.00 
      
LIABILITIES AND STOCKHOLDERS’ EQUITY     
Current Liabilities   - 
Accounts payable   220,202.00 
Accrued expenses   23,684.00 
Operating lease liabilities, current   - 
Notes payable, current   - 
Short-term portion of contingent consideration   - 
Total Current Liabilities  $243,886.00 
      
Contingent liability, non-current   - 
Operating lease liabilities, non-current   - 
Derivative financial instruments-warrants   6,142,303.00 
TOTAL LIABILITIES  $6,386,189.00 
      
Stockholders’ Equity     
Series A convertible preferred stock   855,808.00 
Series C convertible preferred stock   839,320.00 
Common stock   663.00 
Additional paid-in capital   236,462,218.00 
Accumulated other comprehensive loss   8,345.00 
Accumulated deficit   (238,190,270.00)
TOTAL STOCKHOLDERS’ EQUITY  $(23,916.00)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $6,362,273.00