Company: SHPH
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001493152-25-003508
Chunk: 111

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 111
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 not include any adjustments to reflect the future effects on the recoverability and classification of assets or the amounts and classification of liabilities if the Company is unable to continue as a going concern.

Balance Sheet Data:

|                              |     | 2024 | September 30, |   |     | 2023 | December 31, |     | Change |            |   |     | % |      |    |
|:-----------------------------|:----|:-----|--------------:|:--|:----|:-----|-------------:|:----|:-------|-----------:|:--|:----|:--|-----:|:---|
| Current assets               |     | $    |       361,351 |   |     | $    |    5,593,005 |     | $      | (5,231,654 | ) |     |   |  (94 | )% |
| Current liabilities          |     |      |     1,659,233 |   |     |      |    1,042,237 |     |        |    616,996 |   |     |   |   59 | %  |
| Working capital (deficiency) |     | $    |    (1,297,882 | ) |     | $    |    4,550,768 |     | $      | (5,848,650 | ) |     |   | (129 | )% |

As of September 30, 2024, total current assets were $0.4 million and total current liabilities were $1.7 million, resulting in a working capital deficiency of $1.3 million. As of December 31, 2023, total current assets were $5.6 million and total current liabilities were $1.0 million, resulting in a working capital of $4.6 million. As of September 30, 2024, the current assets were from $0.2 million cash, $0.1 million in prepaid expenses and $0.1 million in deferred costs, with the decrease from December 31, 2023 being primarily due to ongoing cash burn from our R&D programs, filing expenses, reaudits, and general operations. The increase in current liabilities is primarily due to an increase in accounts payable of $1.1 million compared to December 31, 2023, partially offset by the net change in amounts owed under convertible notes and notes payable of $0.