Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1379

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1379
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 of debt 
     (857,723) 
     887,946 
  
    Gain
    on forgiveness of accrued compensation 
     (40,000) 
     - 
  
    Amortization of prepaid contracts 
     54,612  
     - 
  
    Stock-based compensation 
     1,840,908  
     1,198,579 
  
    Changes
    in operating assets and liabilities: 

    Decrease (increase) in prepaid contracts 
     (2,300,000) 
     - 
  
    Decrease
    (increase) in prepaid and other current assets 
     (113,826) 
     4,971 
  
    Increase
    (Decrease) in operating lease right of use asset 
     (1,785) 
     25 
  
    Increase
    (Decrease) in accounts payable and accrued expenses 
     (149,530) 
     164,881 
  
    Increase
    (Decrease) in accrued compensation 
     (46,948) 
     2,140,103 
  
    Increase
    in accrued interest 
     46,368  
     38,270 
  
    Net
    cash used in operating activities 
     (3,911,004) 
     (480,953)

    Cash
    Flows from Financing Activities: 

    Proceeds
    from note payable, related parties 
     138,500  
     390,000 
  
    Payment
    on notes payable, related parties 
     (108,880) 
     - 
  
    Payment
    on notes payable 
     (2,102,797) 
     - 
  
    Payment
    on convertible note payable 
     (150,000) 
     - 
  
    Proceeds
    from offering, net of offering costs 
     9,725,213  
     - 
  
    Proceeds
    from sale of common stock 
     150,000  
     55,000 
  
    Net
    cash provided by financing activities 
     7,652,036  
     445,000 

    Net
    Change in Cash 
     3,741,032  
     (35,953)

    Beginning
    of period 
     28,478