Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 446

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 446
---
-  
     55,000 
  
    Stock
    issued for exercise of options in exchange for note payable, related party 
     113,636  
     11  
     99,989  
     -  
     100,000 
  
    Issuance
    of restricted stock for forgiveness of accrued salaries and accrued bonuses 
     -  
     -  
     2,158,050  
     -  
     2,158,050 
  
    Issuance of stock options for forgiveness of accrued salaries and accrued
bonuses 
     -  
     -  
     2,614,790  
     -  
     2,614,790 
  
    Net
    operating loss 
     -  
     -  
     -  
     (4,783,689) 
     (4,783,689)
  
    December
    31, 2023 
     26,526,405  
    $2,652  
    $17,778,498  
    $(23,582,504) 
    $(5,801,354)
  
    Balance 
     26,526,405  
    $2,652  
    $17,778,498  
    $(23,582,504) 
    $(5,801,354)

The
accompanying notes are an integral part of these financial statements

F-5

JUPITER
NEUROSCIENCES, INC.

STATEMENTS OF CASH FLOWS

    December
                                            31, 2024  
    December
                                            31 2023 
  
    Cash
    Flows from Operating Activities: 

    Net
    Loss 
    $(2,439,625) 
    $(4,783,689)
  
    Adjustments
    to reconcile net loss to net cash used in operating activities: 

    Loss
    (Gain) on change in fair value of derivative liability 
     53,257  
     (148,751)
  
    Amortization
    of debt discounts 
     43,288  
     16,712 
  
    (Gain)
    Loss on extinguishment of debt 
     (857,723) 
     887,946 
  
    Gain
    on forgiveness of accrued compensation