GALT: the balance sheet

MyFinsight

For the year ending 2025-12-31, GALT has $19,532K in assets. $145,727K in debts. $17,720K in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	17,720
Prepaid expenses and other current assets	1,716
Total current assets	19,436
Other	96
Total assets	19,532

Accounts payable	3,245
Accrued expenses	4,722
Current portion of convertible notes payable and accrued interest, net of debt discounts related party (note 5)	0
Current portion of derivative liabilities (note 6)	0
Accrued dividends payable	63
Total current liabilities	8,030
Convertible notes payable and accrued interest, net of debt discounts related party (note 5)	32,702
Derivative liabilities (note 6)	3,962
Borrowing and accrued interest under convertible line of credit, net of debt discount related party (note 10)	101,033
Total liabilities	145,727
Series c 6 super dividend redeemable convertible preferred stock 1,000 shares authorized, 176 issued and outstanding at december 31, 2025 and 2024, redemption value 7,966,000, liquidation value 1,760,000 at december 31, 2025	1,723
Series a 12 convertible preferred stock 1,742,500 shares authorized, 1,210,000 and 1,235,000 issued and outstanding at december 31, 2025 and 2024, respectively, liquidation value 1,210,000 at december 31, 2025	490
Common stock, 0.001 par value 150,000,000 shares authorized at december 31, 2025 and 2024, 65,201,995 and 63,157,235 issued and outstanding at december 31, 2025 and 2024, respectively	65
Additional paid-in capital	304,073
Accumulated deficit	-432,546
Total stockholders deficit	-127,918
Total liabilities, redeemable convertible preferred stock and stockholders deficit	19,532

Unit: Thousand (K) dollars (except for numbers of shares and EPS).