Company: DERM
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001104659-25-110457
Chunk: 5

Company: Journey Medical Corp
Filing Date: 2025-11-12
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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​​​​​​​​    September 30,     December 31, ​​2025​2024ASSETS ​   ​  Current assets ​   ​  Cash and cash equivalents $ 24,948 $ 20,305Accounts receivable, net of reserves ​ 17,983 ​ 10,231Inventory ​ 11,818 ​ 14,431Prepaid expenses and other current assets ​ 1,638 ​ 3,212Total current assets ​ 56,387 ​ 48,179​​​​​​​Intangible assets, net ​ 28,670 ​ 31,863Operating lease right-of-use asset, net ​ 134 ​ 199Total assets​$ 85,191​$ 80,241​​​​​​​LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   Current liabilities​   ​   Accounts payable​$ 11,557​$ 16,050Due to related party​  755​  528Accrued expenses​  21,193​  17,425Accrued interest​​ 416​​ 404Income taxes payable​  71​  60Term loan, short term​​ 5,625​​ —Installment payments – licenses, short-term​  —​  625Operating lease liability, short-term​  98​  83Total current liabilities​  39,715​  35,175​​​​​​​Term loan, long-term, net of debt discount​​ 19,534​​ 24,879Operating lease liability, long-term​  44​  118Total liabilities​  59,293​  60,172​​​​​​​Commitments and contingencies (Note 13)​   ​   ​​​​​​​Stockholders’ equity ​   ​   Common stock, $.0001 par value, 50,000,000 shares authorized, 20,372,655 and 16,153,610 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively​