Company: SCYX
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038044
Chunk: 215

Company: SCYNEXIS INC
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 215
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 perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures 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

Critical Audit Matters

Critical audit matters are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

/s/ Deloitte & Touche LLP

Morristown, New Jersey  

March 12, 2025

We have served as the Company's auditor since 2000.

58

SCYNEXIS, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

    December 31, 2024

    December 31, 2023

    Assets

    Current assets:

    Cash and cash equivalents
     
    $
    16,051

    $
    34,050

    Short-term investments (See Note 3)

    43,249

    40,312

    Prepaid expenses and other current assets (See Note 4)

    2,184

    5,548

    License agreement receivable

    753

    2,463

    License agreement contract asset

    9,509

    19,363

    Restricted cash

    435

    380

    Total current assets

    72,181

    102,116

    Investments (See Note 3)

    15,846

    23,594

    Deferred offering costs

    417

    175

    Restricted cash

    109

    163

    Operating lease right-of-use asset (Note 7)