For the quarter ending 2025-09-30, CING has $10,518,892 in assets. $7,045,206 in debts. $6,118,710 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 6,118,710 | 8,900,183 | ||
| Other receivables | 19,041 | 19,585 | ||
| Prepaid expenses and other current assets | 1,295,559 | 1,302,900 | ||
| Total current assets | 7,433,310 | 10,222,668 | ||
| Property and equipment, gross | 5,406,674 | - | ||
| Less accumulated depreciation | 3,715,136 | - | ||
| Property and equipment, net | 1,691,538 | 1,798,320 | ||
| Operating lease right-of-use assets | 1,394,044 | 1,447,220 | ||
| Total assets | 10,518,892 | 13,468,208 | ||
| Finance lease liability, current | - | 0 | ||
| Accounts payable | 866,245 | 872,853 | ||
| Accrued expenses | 1,600,152 | 501,786 | ||
| Note payable, current | 3,184,765 | 5,134,475 | ||
| Operating lease liability, current | 231,123 | 223,633 | ||
| Total current liabilities | 5,882,285 | 6,732,747 | ||
| Operating lease liability, net of current | 1,162,921 | 1,223,587 | ||
| Note payable | - | 0 | ||
| Total long-term liabilities | 1,162,921 | 1,223,587 | ||
| Total liabilities | 7,045,206 | 7,956,334 | ||
| Common stock, 0.0001 par value 240,000,000 shares authorized and 5,977,358 and 3,402,306 shares issued and outstanding as of september 30, 2025 and december 31, 2024 | 596 | 488 | ||
| Additional paid-in-capital | 129,575,211 | 122,591,992 | ||
| Accumulated deficit | -126,102,121 | -117,080,606 | ||
| Total stockholders equity | 3,473,686 | 5,511,874 | ||
| Total liabilities and stockholders equity | 10,518,892 | 13,468,208 | ||
Cingulate Inc. (CING)
Cingulate Inc. (CING)