Company: ARTL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001640334-25-000335
Chunk: 521

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 2
Chunk 521
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Non-cash lease expense  33   40 Changes in operating assets and liabilities:        Prepaid expenses and other current assets  457   430 Accounts payable and accrued liabilities  449   296 Accounts payable - related parties  31   (23)Fixed cash payments related to operating leases  (30)  (40)Net cash used in operating activities  (8,350)  (8,207)         CASH FLOWS FROM INVESTING ACTIVITIES        Investment in trading marketable securities  (481)  (13,685)Proceeds from disposition of marketable securities  8,250   15,680 Proceeds from disposition of available-for-sale securities  -   1,512 Net cash provided by investing activities  7,769   3,507          CASH FLOWS FROM FINANCING ACTIVITIES        Proceeds from issuance of common shares for cash, net  112   567 Net cash provided by financing activities  112   567          Effect of exchange rate changes on cash  (8)  60          Net change in cash and cash equivalents  (477)  (4,073)Cash and cash equivalents - beginning of period  2,815   6,888 Cash and cash equivalents - end of period $2,338  $2,815          Supplemental Cash Flow Information        Cash paid for interest $-  $- Cash paid for income taxes $-  $-          NON-CASH FINANCING AND INVESTING ACTIVITIES:        Initial recognition of the right-of-use asset and lease liability $111  $- 

 The accompanying notes are an integral part of these audited consolidated financial statements. 

 F-6Table of Contents

ARTELO BIOSCIENCES, INC.

Notes to the Consolidated Financial Statements

(In thousands, except share and per share data)

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS ARTELO BIOSCIENCES, INC. (“we”, “us”, “our”, the “Company”) is a Nevada corporation incorporated on May 2, 2011, and based in San Diego County, California. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the