Company: VRCA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000950170-25-037172
Chunk: 262

Company: Verrica Pharmaceuticals Inc.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 262
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342

    530

    Noncash interest expense

    2,187

    810

    Loss on disposal of fixed assets

    83

    2,537

    Amortization of operating lease right-of-use asset

    308

    286

    Amortization of finance lease right-of-use asset

    619

    20

    Impairment of right-of-use asset

    255

    —

    Loss on termination of financing lease

    19

    —

    Change in fair value of derivative liability

    2,648

    —

    Changes in operating assets and liabilities:

    Prepaid expenses and other assets

    (1,128
    )

    587

    Accounts payable

    (568
    )

    2,201

    Accounts receivable

    4,200

    (3,860
    )

    Collaboration receivable, billed and unbilled

    139

    (69
    )

    Accrued expenses and other current liabilities

    (294
    )

    11,291

    Operating lease liability

    (322
    )

    (291
    )

    Net cash used in operating activities

    (60,927
    )

    (38,577
    )

    Cash flows from investing activities

    Purchases of property and equipment

    (27
    )

    (362
    )

    Sale of fixed assets

    8

    —

    Net cash used in investing activities

    (19
    )

    (362
    )

    Cash flows from financing activities

    Proceeds from exercise of stock options

    155

    7

    Proceeds from issuance of debt, net of issuance costs

    —

    44,105

    Proceeds from issuance of common stock, pre-funded warrants and Series A and B warrants, net of issuance costs

    39,637

    30,300

    Equity issuance costs

    —

    (177
    )

    Debt amendment costs

    (1,140
    )

    —

    Repayment of finance lease

    (924
    )

    (23
    )

    Net cash provided by financing activities

    37,728

    74,213

    Net (decrease) increase in cash and cash equivalents

    (23,218
    )

    35,274

    Cash and cash equivalents