Company: PTPI
Filing Date: 2025-02-14
Form Type: S-1/A
Source: 0001410578-25-000137
Chunk: 225

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-14
Form: S-1/A
Chunk 225
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 facility. The sublessor delivered a $ 14,000security deposit to the Company on the lease commencement date and also agreed to pay $ 7,000per month for the term beginning January 10, 2022, and continuing until the expiration of the head lease on August 30, 2024. The Company accounts for this sublease as an operating lease in accordance with the lessor accounting guidance within ASC 842.

F-18

The components of lease expense consisted entirely of fixed lease costs related to operating leases. These costs were $ and $ for the years ended December 31, 2023, and 2022, respectively. Fixed lease costs for the year ended December 31, 2023, were offset by sublease income of $.

Supplemental balance sheet information related to leases was as follows:

| ​                               | ​ 
 ​ | ​ |                       ​ 
 As of December 31, 2023 | ​ | ​ |                       ​ 
 As of December 31, 2022 |
|:--------------------------------|:--|:--|------------------------:|:--|:--|------------------------:|
| Operating lease ROU asset:      |   | ​ |                         |   | ​ |                         |
| Other assets                    | ​ | $ |                 226,259 | ​ | $ |                 358,472 |
| ​                               | ​ | ​ |                       ​ | ​ | ​ |                       ​ |
| Operating lease liability:      | ​ |   |                         | ​ |   |                         |
| Other current liabilities       | ​ | $ |                 125,022 | ​ | $ |                 142,340 |
| Other long-term liabilities     | ​ |   |                 137,655 | ​ |   |                 262,677 |
| Total operating lease liability | ​ | $ |                 262,677 | ​ | $ |                 405,017 |

Supplemental lease term and discount rate information related to leases was as follows:

| ​                                                         
 ​                                                         | ​ |                       ​ 
 As of December 31, 2023 | ​ |                       ​ 
 As of December 31, 2022 | ​ 
 ​ |
|:----------------------------------------------------------|:--|------------------------:|:--|------------------------:|:--|
| Weighted-average remaining lease terms – operating leases |   |               1.7 years |   |               2.7 years | ​ |
| Weighted-average discount