Company: IMNN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009572
Chunk: 94

Company: Imunon, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 raise additional funds will depend, among other factors, on financial, economic and market conditions, many of which are outside
of its control, and it may be unable to raise financing when needed, or on terms favorable to the Company. If the Company is unable to
obtain sufficient capital to fund its operations it may be required to evaluate alternatives. The Company’s financial statements
do not include any adjustments relating to the recoverability and classification of assets, carrying amounts or the amount and classification
of liabilities that may be required should the Company be unable to continue as a going concern.

Note 3. New Accounting Pronouncements 

From time to time, new accounting pronouncements are
issued by the FASB and are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes
that the impact of recently issued accounting pronouncements will not have a material impact on the Company’s consolidated financial
position, results of operations, and cash flows, or do not apply to its operations.

In December 2023, the FASB issued ASU No. 2023-09,
“Improvements to Income Tax Disclosures”, which requires disclosure of disaggregated income taxes paid, prescribes standard
categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. ASU No. 2023-09
is effective for the Company’s Annual Report om Form 10-K for the year ended December 31, 2025.
Early adoption is permitted. The Company is currently evaluating the impact of the ASU on the income tax disclosures within the consolidated
financial statements, the Company expects changes to the Company’s income tax disclosure.

In November 2024, the FASB issued Accounting Standards
Update No. 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures: Disaggregation
of Income Statement Expenses” (“ASU 2024-03”). ASU 2024-03 will require more detailed information about the types of
expenses in commonly presented income statement captions such as “Cost of sales” and “Selling, general and administrative
expenses”. The new guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods
beginning after December 15, 2027 with early adoption permitted. The Company is currently evaluating the impact that this change will
have on the Company’s disclosures.

Note 4. Net Loss per Common Share

Basic and diluted net