Company: MDCXW
Filing Date: 2025-05-27
Form Type: S-1
Source: 0001062993-25-010394
Chunk: 212

Company: Medicus Pharma Ltd.
Filing Date: 2025-05-27
Form: S-1
Chunk 212
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 statements. We believe that our audit provides a reasonable basis for our opinion. /s/ MNP LLP Chartered Professional Accountants
Licensed Public Accountants We have served as the Company’s auditor since 2014. Mississauga, Canada March 28, 2025 F-4 Medicus Pharma Ltd. Consolidated Financial Statements For the years ended December 31, 2024 and 2023 (expressed in United States dollars, except number of shares) F-5

Medicus Pharma Ltd.
Consolidated Balance Sheets
(expressed in United States dollars)

| Assets                                                                                                                                      
 Current assets:                                                                                                                             |   | December 31, 
         2024 |   |   |        2023 |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------|:--|-------------:|:--|:--|------------:|:--|
| Cash and cash equivalents                                                                                                                   | $ |    4,164,323 |   | $ |   1,719,338 |   |
| Prepaid expenses                                                                                                                            |   |    1,213,984 |   |   |     173,719 |   |
| Total current assets                                                                                                                        |   |    5,378,307 |   |   |   1,893,057 |   |
| Operating lease right-of-use assets                                                                                                         |   |      268,571 |   |   |           - |   |
| Total assets                                                                                                                                |   |    5,646,878 |   |   |   1,893,057 |   |
| Liabilities and Shareholder's equity                                                                                                        |   |              |   |   |             |   |
| Current liabilities:                                                                                                                        |   |              |   |   |             |   |
| Accounts payable                                                                                                                            |   |    1,284,612 |   |   |     210,842 |   |
| Accrued expenses and other current liabilities                                                                                              |   |      762,835 |   |   |     404,817 |   |
| Related party payable                                                                                                                       |   |      142,459 |   |   |     165,950 |   |
| Operating lease liability, current                                                                                                          |   |      116,323 |   |   |           - |   |
| Total current liabilities                                                                                                                   |   |    2,306,229 |   |   |     781,609 |   |
| Operating lease liability,