Company: DERM
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001410578-25-001703
Chunk: 7

Company: Journey Medical Corp
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1U
Chunk 7
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Item 1.    Condensed Consolidated Financial Statements (unaudited)

JOURNEY MEDICAL CORPORATION

Unaudited Condensed Consolidated Balance Sheets

(Dollars in thousands except for share and per share amounts)

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​​​​​​​​    June 30,     December 31, ​​2025​2024ASSETS ​   ​  Current assets ​   ​  Cash and cash equivalents $ 20,293 $ 20,305Accounts receivable, net of reserves ​ 15,644 ​ 10,231Inventory ​ 12,852 ​ 14,431Prepaid expenses and other current assets ​ 2,479 ​ 3,212Total current assets ​ 51,268 ​ 48,179​​​​​​​Intangible assets, net ​ 29,734 ​ 31,863Operating lease right-of-use asset, net ​ 156 ​ 199Total assets​$ 81,158​$ 80,241​​​​​​​LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   Current liabilities​   ​   Accounts payable​$ 12,754​$ 16,050Due to related party​  840​  528Accrued expenses​  22,554​  17,425Accrued interest​​ 416​​ 404Income taxes payable​  71​  60Term loan - short-term​​ 3,750​​ —Installment payments – licenses, short-term​  —​  625Operating lease liability, short-term​  96​  83Total current liabilities​  40,481​  35,175​​​​​​​Term loan, long-term, net of debt discount​​ 21,362​​ 24,879Operating lease liability, long-term​  69​  118Total liabilities​  61,912​  60,172​​​​​​​Commitments and contingencies (Note 13)​   ​   ​​​​​​​Stockholders’ equity ​   ​   Common stock, $.0001 par value, 50,000,000 shares authorized, 17,471,835 and 16,153,610 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively​