Company: SXTPW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043779
Chunk: 46

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 assets and the satisfaction of obligations
in the normal course of business, and do not include any adjustments to the amount and classification of assets and liabilities that may
be necessary should we be unable to continue as a going concern.

Contractual Obligations

The following table summarizes our contractual
obligations as of March 31, 2025:

    Payments Due By Period 

    Total  
    Less than 1 year  
    1-3 years  
    4-5 years  
    More than 5 Years 
  
    Principal obligations on the debt arrangements 
    $150,000  
    $-  
    $4,455  
    $6,870  
    $138,675 
  
    Interest obligations on the debt arrangements 
     102,604  
     8,772  
     13,089  
     10,674  
     70,069 
  
    Accounts payable and accrued expenses 
     1,157,979  
     1,157,979  
     -  
     -  
     - 
  
    Total 
    $1,410,583  
    $1,166,751  
    $17,544  
    $17,544  
    $208,744 

26

Amounts related to contingent milestone payments
are not considered contractual obligations as they are contingent on the achievement of certain milestones. These contingent milestones
may or may not be achieved. We have not included any of these amounts in the table above as we cannot estimate or predict when, or if,
these amounts will become due.

Components of Results of Operations

Product Revenues - net of Discounts and
Rebates

We receive the majority of our product revenues
from sales of our Arakoda product to resellers in the U.S. and abroad. Foreign sales to both Australia and Europe are further subject
to profit sharing agreements for boxes sold to customers. Sales to resellers in the US are subject to considerable discounts and rebates
for services provided by our third-party logistics (“3PL”) partner and wholesalers and pharmacy benefit managers (“PBMs”).

Cost of Revenues, Gross Profit, and Gross
Margin

Cost of revenues associated with our products
is primarily comprised of direct materials, shipping, manufacturing-related costs incurred in the production process, serialization costs,
and inventory write-downs due to expiration.

Other Operating Revenues

Other operating