Company: IXHL
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001213900-25-092837
Chunk: 482

Company: Incannex Healthcare Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1C
Chunk 482
---
132  
     9,837 
  
    Total current assets 
     19,962  
     16,202 
  
    Property, plant and equipment, net 
     227  
     472 
  
    Operating lease right-of-use assets, net 
     258  
     373 
  
    Total assets 
    $20,447  
    $17,047 
  
    Liabilities and stockholders’ equity 

    Current liabilities: 

    Trade and other payables 
    $6,104  
    $612 
  
    Accrued expenses and other current liabilities 
     696  
     4,845 
  
    Operating lease liabilities, current 
     184  
     163 
  
    Total current liabilities 
     6,984  
     5,620 
  
    Operating lease liabilities, non-current 
     74  
     210 
  
    Total liabilities 
     7,058  
     5,830 
  
    Commitments and contingencies (Note 8) 

    Stockholders’ equity: 

    Common stock, $0.0001 par value – 800,000,000 shares authorized; 194,379,996 and 17,642,832 shares issued and outstanding at June 30, 2025 and 2024, respectively 
     20  
     2 
  
    Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized; no shares issued or outstanding at June 30, 2025 and 2024, respectively 
     -  
     - 
  
    Additional paid-in capital 
     174,049  
     125,218 
  
    Accumulated deficit 
     (157,556) 
     (110,671)
  
    Foreign currency translation reserve 
     (3,124) 
     (3,332)
  
    Total stockholders’ equity 
     13,389  
     11,217 
  
    Total liabilities and stockholders’ equity 
    $20,447  
    $17,047 

The accompanying notes are an integral part of
these consolidated financial statements.

F-3

INCANNEX HEALTHCARE INC.

Consolidated Statements of Operations and Comprehensive
Loss

(in thousands, except share and per share amounts)

(expressed
in U.S