Company: DERM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001410578-25-001296
Chunk: 5

Company: Journey Medical Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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Item 1.    Condensed Consolidated Financial Statements (unaudited)

JOURNEY MEDICAL CORPORATION

Unaudited Condensed Consolidated Balance Sheets

(Dollars in thousands except for share and per share amounts)

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​​​​​​​​    March 31,    December 31, ​​2025​2024ASSETS ​   ​  Current assets ​   ​  Cash and cash equivalents $ 21,070 $ 20,305Accounts receivable, net of reserves ​ 18,025 ​ 10,231Inventory ​ 12,496 ​ 14,431Prepaid expenses and other current assets ​ 2,395 ​ 3,212Total current assets ​ 53,986 ​ 48,179​​​​​​​Intangible assets, net ​ 30,798 ​ 31,863Operating lease right-of-use asset, net ​ 178 ​ 199Total assets​$ 84,962​$ 80,241​​​​​​​LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   Current liabilities​   ​   Accounts payable​$ 14,404​$ 16,050Due to related party​  399​  528Accrued expenses​  23,011​  17,425Accrued interest​​ 381​​ 404Income taxes payable​  59​  60Term loan - short-term​​ 1,875​​ —Installment payments – licenses, short-term​  —​  625Operating lease liability, short-term​  93​  83Total current liabilities​  40,222​  35,175​​​​​​​Term loan - long-term, net of discount​​ 23,105​​ 24,879Operating lease liability, long-term​  94​  118Total liabilities​  63,421​  60,172​​​​​​​Commitments and contingencies (Note 13)​   ​   ​​​​​​​Stockholders’ equity ​   ​   Common stock, $.0001 par value, 50,000,000 shares authorized, 17,104,437 and 16,153,610 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively​