Company: PTPI
Filing Date: 2025-02-10
Form Type: S-1/A
Source: 0001410578-25-000108
Chunk: 222

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-10
Form: S-1/A
Chunk 222
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 and 2022, the principal balance on the Note is $ million and $ million, respectively.

Future minimum principal payments of the promissory note are as follows:

| ​                                       | ​ | ​ |          ​ |
|:----------------------------------------|:--|:--|-----------:|
| 2024                                    |   | $ |  1,156,550 |
| 2025                                    | ​ | ​ |  2,720,940 |
| 2026                                    | ​ | ​ |  3,264,351 |
| 2027                                    | ​ | ​ |    872,073 |
| Total                                   | ​ | $ |  8,013,914 |
| Less: current portion                   | ​ | ​ | -1,156,550 |
| Promissory note, net of current portion | ​ | $ |  6,857,364 |

9) Operating Leases The Company has commitments under operating leases for office and warehouse space used in its operations. The Company’s leases have remaining lease terms ranging from 0.7years to 3.0years. On November 30, 2021, the Company entered into a sublease with respect to its entire headquarters 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