Company: MBIO
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001104659-25-009408
Chunk: 117

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 117
---
 general and administrative expenses, offset by $0.2 million increase in the equity fee to Fortress, in connection with the financings and ATM activity. Other Income or Expense For the nine months ended September 30, 2024, and 2023, other income (expense) was $0.4 million and $(2.5) million, respectively. The increase of approximately $2.9 million in income is primarily attributed to a $4.1 million decrease in interest expense, related to the repayment of the Term Loan, partially offset by a $0.6 million decrease in other income and a $0.6 million decrease in interest income. Comparison of the Years Ended December 31, 2023, and 2022

| ​                                            | ​                
 ($ in thousands) | ​                               
 For the year ended December 31, 
 ​                               |    2023 |   | ​ 
 ​ |    2022 | ​ | ​      
 Change 
 ​      |         |   |   ​ | ​ 
 % |
|:---------------------------------------------|:-----------------|:--------------------------------|--------:|:--|:--|--------:|:--|:-------|--------:|:--|----:|:--|
| Operating expenses:                          |                  | ​                               |         |   | ​ |         |   | ​      |         |   |     |   |
| Research and development                     | ​                | $                               |  40,513 | ​ | $ |  62,475 | ​ | $      | -21,962 | ​ | -35 | % |
| Research and development – licenses acquired | ​                | ​                               |     527 | ​ | ​ |   1,474 | ​ | ​      |    -947 | ​ | -64 | % |
| Gain on sale of property and equipment       | ​                | ​                               |  -1,466 | ​ | ​ |       — | ​ | ​      |  -1,466 | ​ | 100 | % |
| General and administrative                   | ​                | ​                               |   9,686 | ​ | ​ |  12,210 | ​ | ​      |  -2,524 | ​ | -21 | % |
| Total operating expenses                     | ​                | ​                               |  49,260 | ​ | ​ |  76,159 | ​ | ​      | -26,899 | ​ | -35 | %