Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 262

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 262
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Decrease) in accrued compensation 
     (46,948) 
     2,140,103 
  
    Increase
    in accrued interest 
     46,368  
     38,270 
  
    Net
    cash used in operating activities 
     (3,911,004) 
     (480,953)

    Cash
    Flows from Financing Activities: 

    Proceeds
    from note payable, related parties 
     138,500  
     390,000 
  
    Payment
    on notes payable, related parties 
     (108,880) 
     - 
  
    Payment
    on notes payable 
     (2,102,797) 
     - 
  
    Payment
    on convertible note payable 
     (150,000) 
     - 
  
    Proceeds
    from offering, net of offering costs 
     9,725,213  
     - 
  
    Proceeds
    from sale of common stock 
     150,000  
     55,000 
  
    Net
    cash provided by financing activities 
     7,652,036  
     445,000 

    Net
    Change in Cash 
     3,741,032  
     (35,953)

    Beginning
    of period 
     28,478  
     64,431 
  
    End
    of period 
    $3,769,510  
    $28,478 

    Supplemental
    disclosure of cash flow information: 

    Cash
    paid for interest 
    $147,776  
    $28,128 
  
    Cash
    paid for income taxes 
    $-  
    $- 

    Schedule
    of Non-Cash Investing and Financing Activities: 

    Convertible
    note issued as a settlement of a previously accrued liability 
    $-  
    $150,000 
  
    Restricted
    stock issued for forgiveness of salary 
    $10,000  
    $2,158,050 
  
    Stock
    options issued for forgiveness of salary 
    $50,000  
    $2,614,790 
  
    Note
    payable, related party assigned to Note payable 
    $266,667  
    $- 
  
    Stock
    issued for exercise of options in