Company: PTPI
Filing Date: 2025-02-10
Form Type: S-1/A
Source: 0001410578-25-000108
Chunk: 263

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-10
Form: S-1/A
Chunk 263
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 of September 30, 2024, and December 31, 2023, respectively.

5) Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets are comprised of the following:

| ​                                               | ​ 
 ​ | ​ |                  ​ 
 September 30, 2024 | ​ | ​ |                 ​ 
 December 31, 2023 |
|:------------------------------------------------|:--|:--|-------------------:|:--|:--|------------------:|
| Prepaid insurance                               | ​ | $ |             94,030 | ​ | $ |            45,664 |
| Prepaid FDA fees                                | ​ |   |                  — | ​ |   |           937,652 |
| Prepaid R&D expenses                            | ​ |   |            208,900 | ​ | ​ |           115,755 |
| API purchase commitment asset (see Note 13)     | ​ |   |          1,417,348 | ​ | ​ |           704,729 |
| Other prepaid expenses                          | ​ |   |            101,281 | ​ | ​ |           118,704 |
| Other current assets                            | ​ |   |              4,760 | ​ | ​ |           111,476 |
| Total prepaid expenses and other current assets | ​ | $ |          1,826,319 | ​ | $ |         2,033,980 |

6) Intangible Assets

Intangible Assets are comprised of the following:

| ​                             | ​ | ​ |          ​ |
|:------------------------------|:--|:--|-----------:|
| Balance at December 31, 2022  |   | $ | 12,244,484 |
| Amortization expense          | ​ |   | -3,272,747 |
| Balance at December 31, 2023  | ​ |   |  8,971,737 |
| Amortization expense          | ​ | ​ | -2,145,850 |
| Balance at September 30, 2024 | ​ | $ |  6,825,887 |

F-43

The future annual amortization related to the Company’s intangible assets is as follows as of September 30, 2024:

| ​                         | ​ | ​ |         ​ |
|:--------------------------|:--|:--|----------:|
| 2024 (remaining 3 months) |