Company: INTS
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001567264-25-000010
Chunk: 10

Company: INTENSITY THERAPEUTICS, INC.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 16
Chunk 10
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 that respond to those risks.  Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements.  We believe that our audits provide a reasonable basis for our opinion.

We have served as the Company’s auditor since 2017.

/s/ EisnerAmper LLP

EISNERAMPER LLP

New York, New York

March 13, 2025

F-2

INTENSITY THERAPEUTICS, INC.

BALANCE SHEETS

(in thousands, except share and per share amounts)

December 31,20242023ASSETSCurrent assets:Cash and cash equivalents$2,590 $8,556 Marketable debt securities— 6,220 Prepaid expenses and other current assets773 688 Total current assets3,363 15,464 Right-of-use asset, net122 147 Other assets1,298 1,684 Total assets$4,783 $17,295 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$1,219 $3,048 Accrued expenses508 891 Lease liability, current portion28 20 Total current liabilities1,755 3,959 Other long-term liabilities— 36 Lease liability, net of long-term portion110 138 Total liabilities$1,865 $4,133 Commitments and contingenciesSTOCKHOLDERS’ EQUITYPreferred stock, par value $.0001. Authorized shares of 15,000,000 as of both December 31, 2024 and 2023, respectively. None issued and outstanding as of both December 31, 2024 and 2023, respectively.— — Common stock, par value $.0001. Authorized shares of 135,000,000 as of both December 31, 2024 and 2023, respectively. Issued and outstanding shares of 15,122,873 and 13,709,377 as of December 31, 2024 and 2023, respectively.2 1 Additional paid-in capital69,699 63,676 Accumulated deficit(66,783)(50,515)Total stockholders’ equity$2,918 $13,162 Total liabilities and