Company: PTPI
Filing Date: 2025-02-14
Form Type: S-1/A
Source: 0001410578-25-000137
Chunk: 203

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-14
Form: S-1/A
Chunk 203
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 examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provide a reasonable basis for our opinion.

/s/ EisnerAmper LLP

We served as the Petros Pharmaceuticals, Inc. auditor from 2020 through 2024.

EisnerAmper LLP

Iselin, New Jersey

March 31, 2023

<div align='center'>F-3</div>

AUDITED CONSOLIDATED FINANCIAL STATEMENTS PETROS PHARMACEUTICALS, INC. CONSOLIDATED BALANCE SHEETS

| ​                                                                                                                                                                                                                                                                                                                                          
 ​                                                                                                                                                                                                                                                                                                                                          
 ​                                                                                                                                                                                                                                                                                                                                          
 Assets                                                                                                                                                                                                                                                                                                                                     
 Current assets:                                                                                                                                                                                                                                                                                                                            | ​ 
 ​ 
 ​ | ​            
 December 31, 
 2023         
 ​            
 ​            |           ​ | ​ 
 ​ | ​            
 December 31, 
 2022         
 ​            
 ​            |           ​ |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:-------------|------------:|:--|:-------------|------------:|
| Cash                                                                                                                                                                                                                                                                                                                                       | ​ | $            |  13,336,975 | ​ | $            |   9,426,264 |
| Accounts receivable, net                                                                                                                                                                                                                                                                                                                   | ​ |              |   2,226,151 | ​ |              |   2,110,246 |
| Inventories                                                                                                                                                                                                                                                                                                                                | ​ |              |   1,610,391 | ​ |              |   1,815,113 |
| Prepaid inventory                                                                                                                                                                                                                                                                                                                          | ​ | ​            |   1,182,899 | ​ | ​            |           — |
| Prepaid expenses and other current assets                                                                                                                                                                                                                                                                                                  | ​ |              |   2,033,980 | ​ |              |   1,316,282 |
| Total current assets                                                                                                                                                                                                                                                                                                                       | ​ | ​            |  20,390,396 | ​ | ​            |  14,667,905 |
| ​                                                                                                                                                                                                                                                                                                                                          | ​ | ​            |           ​ | ​ | ​            |           ​ |
| Fixed assets, net                                                                                                                                                                                                                                                                                                                          | ​ |              |      28,957 | ​ |              |      39,177 |
| Intangible assets, net                                                                                                                                                                                                                                                                                                                     | ​ |              |