Company: JUNS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023603
Chunk: 153

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 153
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 was $3,045,713, as compared to net cash used in
operating activities of $215,225 for the nine months ended September 30, 2024. The increase in net cash used in operating activities
was primarily attributable to the significant increase in net loss, which totaled $6,069,866 in 2025 compared to $911,998 in 2024.
The higher net loss was partially offset by increased non-cash adjustments, including $1,955,275 of stock-based compensation in 2025
compared to $827,357 in 2024 and $573,424 of non -cash amortization of prepaid contracts in 2025 compared to no comparable
amortization in 2024. Additionally, the prior period included a non-cash loss on extinguishment of debt of $951,868 and a gain on
forgiveness of accrued compensation of $40,000, which did not recur in the current period. Changes in working capital also
contributed to the variance, primarily due to an increase in accounts payable and accrued expenses of $81,869 in 2025 compared to
$117,555 in 2024 and an increase of $433,959 in accrued compensation in 2025 versus an increase of $541,135 in 2024.

Net
Cash Flows From Financing Activities:

Net
cash provided by financing activities during the nine months ended September 30, 2025 was $0, as compared to net cash provided in financing
activities of $187,000 for the nine months ended September 30, 2024. The decrease in net cash provided by financing activities was primarily
related to the absence of financing transactions in the current period, compared to proceeds from related-party notes payable of $137,000
and proceeds from the sale of common stock of $50,000 during the nine months ended September 30, 2024.

Off-balance
sheet financing arrangements

We
have no obligations, assets or liabilities which would be considered off-balance sheet arrangements. We do not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which
would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance
sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased
any non-financial assets.

We
have no off-balance sheet