Company: IXHL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110299
Chunk: 0

Company: Incannex Healthcare Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements

INCANNEX HEALTHCARE INC.

Condensed Consolidated Balance Sheets

(unaudited)

(in thousands, except share and per share amounts)

(expressed
in U.S. Dollars, unless otherwise stated)

    September 30, 2025  
    June 30, 2025 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $73,280  
    $15,039 
  
    Prepaid expenses and other assets 
     486  
     791 
  
    Research and Development (“R&D”) tax incentive receivable 
     4,529  
     4,132 
  
    Total current assets 
     78,295  
     19,962 
  
    Property, plant and equipment, net 
     168  
     227 
  
    Investment in Joint Venture 
     45  
     - 
  
    Operating lease right-of-use assets 
     212  
     258 
  
    Total assets 
    $78,720  
    $20,447 
  
    Liabilities and stockholders’ equity 

    Current liabilities: 

    Trade and other payables 
    $1,296  
    $6,104 
  
    Accrued expenses and other current liabilities 
     206  
     696 
  
    Operating lease liabilities, current 
     146  
     184 
  
    Total current liabilities 
     1,648  
     6,984 
  
    Operating lease liabilities, non-current 
     64  
     74 
  
    Total liabilities 
     1,712  
     7,058 
  
    Commitments and contingencies (Note 8) 

    Stockholders’ equity: 

    Common stock, $0.0001 par value – shares 800,000,000 authorized; 347,705,507 and 194,379,996 shares issued and outstanding at September 30, 2025 and June 30, 2025 respectively 
     35  
     20 
  
    Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized; no shares issued or outstanding at September 30, 2025 and June 30, 2025, respectively 
     -  
     - 
  
    Additional paid-in capital