Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 976

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 976
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 all shares of outstanding common stock
and net loss per common share calculations have been retroactively adjusted for all periods presented.

Related Parties

Parties are considered to be related to the Company
if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with
the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal
owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly
influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from
fully pursuing its own separate interests.

Subsequent Events

The Company considers events or transactions
that occur after the balance sheet date, but prior to the issuance of the financial statements to provide additional evidence relative
to certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated through March 27,
2025, which is the date the financial statements were issued. See Note 12.

Recently Adopted and Issued Accounting Pronouncements

From time to time, the FASB issues Accounting
Standards Updates (“ASU”) to amend the authoritative literature in the ASC. The Company regularly evaluates new ASUs to determine
the impact that these pronouncements may have on the consolidated financial statements. Other than the pronouncements listed below, the
Company believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, or (iii) are not
applicable to the Company’s consolidated financial statements or related disclosures.

In November 2023, the FASB issued ASU 2023-07,
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”) which expands annual
and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses
and segment profit or loss. ASU 2023-07 also requires entities with a single reportable segment to provide all segment disclosures under
ASC 280, including the new required disclosures under the ASU. The Company adopted ASU 2023-07 on a retrospective basis for the 2024
annual period, and for interim periods beginning in 2025. The impact is limited to the Company’s financial statement disclosures,
which are presented in the Segment Information section above.

In December 2023, the FASB issued ASU