Company: INDP
Filing Date: 2025-02-12
Form Type: S-1
Source: 0001493152-25-006068
Chunk: 68

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-02-12
Form: S-1
Chunk 68
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 income, expense, gain and loss that are incidental to the core operations of the Company.

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Results of Operations

Year Ended December 31, 2023 compared to Year Ended December 31, 2022

The following tables set forth our results of operations for the years ended December 31, 2023 and 2022 and the relative dollar and percentage change between the two years.

|                                                                                             |     | Year ended December 31, |        2023 |   |     |   |        2022 |   |     | Change (2023 to 2022) |        ($) |   |     |     |  % |   |
|:--------------------------------------------------------------------------------------------|:----|:------------------------|------------:|:--|:----|:--|------------:|:--|:----|:----------------------|-----------:|:--|:----|:----|---:|:--|
| Operating expenses:                                                                         |     |                         |             |   |     |   |             |   |     |                       |            |   |     |     |    |   |
| Research and development                                                                    |     | $                       |   7,621,707 |   |     | $ |   6,324,657 |   |     | $                     |  1,297,050 |   |     |     | 21 | % |
| General and administrative                                                                  |     |                         |   8,756,767 |   |     |   |   8,586,249 |   |     |                       |    170,518 |   |     |     |  2 | % |
| Total operating expenses                                                                    |     |                         |  16,378,474 |   |     |   |  14,910,906 |   |     |                       |  1,467,568 |   |     |     | 10 | % |
| Loss from operations                                                                        |     |                         | (16,378,474 | ) |     |   | (14,910,906 | ) |     |                       | (1,467,568 | ) |     |     | 10 | % |
| Other income, net                                                                           |     |                         |     955,003 |   |     |   |     588,108 |   |     |                       |    366,895 |   |     |     | 62 | % |
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