Company: INTS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001567264-25-000103
Chunk: 65

Company: INTENSITY THERAPEUTICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 over the subsequent twelve months. These warrants are valued at $198,000 and were expensed to general and administrative expense over the subsequent twelve-month period, of which $44,000 and $89,000 was expensed during the three and nine months ended September 30, 2024.In April 2024, the Company entered into a non-material agreement with a service organization controlled by a board member.  For the three and nine months ended September 30, 2025, the Company expensed $15,125 and $49,910, and paid $31,435 and $49,910 to the service organization for services performed, which is recognized in research and development expenses on the statement of operations.  As of September 30, 2025, the Company recognized $1,800 in accrued expenses.

12

Note 12. Segments

The Company has a single segment and allocates resources based on cash resources and operating expense projections. The table below summarizes the significant expense categories regularly reviewed by the Company’s president and chief executive officer, who is the Company’s chief operating decision maker (“CODM”), for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Research and development expenses:Clinical trial expenses:IT-01 Study (Phase 1/2 Metastatic Cancers) (a)$— $53 $— $114 INVINCIBLE-2 Study (Phase 2 Breast) (a)— 12 — 233 INVINCIBLE-3 Study (Phase 3 Sarcoma) (b)883 1,225 3,267 4,613 INVINCIBLE-4 Study (Phase 2 Breast) (c)126 108 323 424 Other clinical trial expenses— — 14 58 Clinical trial expenses1,009 1,398 3,604 5,442 Contract manufacturing30 20 59 651 Salaries and benefits related303 497 925 1,340 Consulting & Other (d)29 49 90 126 Stock-based compensation182 187 605 970 Research and development expenses1,553 2,151 5,283 8,529 General and administrative expenses:Salaries and benefits related225 325 688 949 Legal fees130 113 371 545