Company: INDP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023333
Chunk: 83

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 83
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 have been highly volatile as a result of current macroeconomic conditions and market volatility. As a result,
we may face difficulties raising capital through sales of our common stock on acceptable terms, if at all. If we are unsuccessful in
securing sufficient financing, we may need to delay, reduce, or eliminate our research and development programs, which could adversely
affect our business prospects, or cease operations. For additional information, see Note 1 to our unaudited condensed consolidated financial
statements included elsewhere in this Quarterly Report.

7

Contractual
Obligations

Operating
lease liabilities represent our commitment for future rent made under a non-cancelable lease for our offices in San Diego, CA. The total
future payments for our operating lease obligation on June 30, 2025 was approximately $0.03 million and are due in the next twelve months.
For additional details regarding our lease, see Note 8 to our unaudited condensed consolidated financial statements included in this
Quarterly Report.

We
did not have during the periods presented, and we do not currently have, any off-balance sheet arrangements, as defined under the SEC
rules.

Critical
Accounting Policies

This
discussion and analysis of our financial condition and results of operations is based on our unaudited condensed consolidated financial
statements, which have been prepared in accordance with U.S. GAAP. The preparation of these unaudited condensed consolidated financial
statements requires us to make estimates that affect the reported amounts of our assets, liabilities and expenses. Significant accounting
policies employed, including the use of estimates, are presented in the notes to our annual financial statements included in our 2024
Annual Report on Form 10-K. We periodically evaluate our estimates, which are based on historical experience and on various other assumptions
that we believe to be reasonable under the circumstances. Critical accounting policies are those that are most important to the portrayal
of our financial condition and results of operations and require our subjective or complex judgments, resulting in the need to make estimates
about the effect of matters that are inherently uncertain. If actual performance should differ from historical experience or if the underlying
assumptions were to change, our financial condition and results of operations may be materially impacted.

Our
critical accounting policies are described under the heading “Management’s Discussion and Analysis of Financial Condition
and Results of Operations—Critical Accounting Policies” in our 2024 Annual Report on Form 10-K. During the six months ended
June 30, 2025,