Company: MBIO
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010920
Chunk: 2

Company: MUSTANG BIO, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Item 1. Unaudited Financial Statements

MUSTANG BIO, INC.

Balance Sheets (Unaudited)

(in thousands, except share and per share amounts)

​

​​​​​​​​​June 30, ​December 31, ​    2025    2024​​​​​ASSETS ​   ​  Current Assets: ​   ​  Cash and cash equivalents​$ 12,657​$ 6,839Other receivables​​ 217​​ 402Prepaid expenses and other current assets​  172​  200Property, plant and equipment, held for sale​  —​  1,165Total current assets​  13,046​  8,606​​   ​   Property, plant and equipment, net​  —​  371Other assets​  —​  250Operating lease right-of-use asset, net​​ —​​ 81Total Assets​$ 13,046​$ 9,308​​   ​   LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   Current Liabilities:​   ​   Accounts payable and accrued expenses​$ 7,500​$ 9,486Payables and accrued expenses - related party​​ 2,504​​ 2,667Operating lease liabilities - short-term​​ —​​ 456Total current liabilities​  10,004​  12,609​​   ​   Deferred income​  150​  150Operating lease liabilities - long-term​​ —​​ 422Total Liabilities​  10,154​  13,181​​ ​​   Commitments and Contingencies (Note 10)​   ​   ​​   ​   Stockholders’ Equity (Deficit)​   ​   Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 shares of Class A preferred stock issued and outstanding as of June 30, 2025 and December 31, 2024, respectively​  —​  —Common stock ($0.0001 par value), 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively​   ​   Class A common shares, 845,385 shares issued and outstanding as of June