Company: JUNS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010990
Chunk: 0

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 0
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JUPITER NEUROSCIENCES, INC.

CONDENSED CONSOLIDATED
BALANCE SHEETS

    March 31,  2025   
    December 31, 2024  

    (unaudited)  

    Assets 

    Current Assets: 

    Cash 
    $2,706,469  
    $3,769,510 
  
    Prepaid contract 
     766,667  
     766,667 
  
    Other current assets 
     138,192  
     114,086 
  
    Total current assets 
     3,611,328  
     4,650,263 

    Operating lease right of use asset, net 
     58,035  
     69,642 
  
    Prepaid contract, net of current portion 
     1,289,680  
     1,478,721 
  
    Other assets 
     3,783  
     3,783 
  
    Total assets 
    $4,962,826  
    $6,202,409 

    Liabilities and Stockholders’ Equity 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $282,931  
    $396,483 
  
    Accrued compensation 
     1,407,658  
     1,415,093 
  
    Accrued interest 
     2,147  
     1,064 
  
    Current portion of operating lease liability 
     50,556  
     50,082 
  
    Notes payable, related parties 
     146,432  
     146,432 
  
    Total current liabilities 
     1,889,724  
     2,009,154 

    Operating lease liability, net of current portion 
     8,507  
     21,247 
  
    Total liabilities 
    $1,898,231  
    $2,030,401 

    Commitments and Contingencies (Note 7) 
     -  
     - 

    Stockholders’ Equity: 

    Series A preferred stock, par value $0.0001; 5,000,000 shares authorized, nil shares issued and outstanding 
     -  
     - 
  
    Common stock, par value $0.0001;