For the quarter ending 2026-03-31, HCWB has $27,342,213 in assets. $21,579,779 in debts. $1,228,879 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,228,879 | 1,952,464 | 1,096,909 | 2,438,962 |
| Accounts receivable, net | 74,844 | 32,175 | 30,667 | 21,611 |
| Prepaid expenses | 297,760 | 222,156 | 210,661 | 295,543 |
| Other current assets | 119,843 | 77,564 | 250,340 | 141,009 |
| Total current assets | 1,721,326 | 2,284,359 | 1,588,577 | 2,897,125 |
| Investments | 4,826,329 | 1,326,329 | 1,326,329 | 3,348,438 |
| Property, plant and equipment, gross | - | 25,064,327 | - | - |
| Less accumulated depreciation and amortization | - | 4,183,478 | - | - |
| Property, plant and equipment, net | 20,766,082 | 20,880,849 | 22,502,158 | 22,635,596 |
| Other assets | 28,476 | 28,476 | 28,476 | 28,477 |
| Total assets | 27,342,213 | 24,520,013 | 25,445,540 | 28,909,636 |
| Accounts payable | 11,785,980 | 13,143,394 | 18,968,173 | 19,354,476 |
| Accrued liabilities and other current liabilities | 1,125,639 | 1,110,104 | 1,084,602 | 1,070,421 |
| Short-term debt, net | 6,577,194 | 6,809,215 | 6,807,431 | 6,421,204 |
| Deferred revenue | 470,000 | - | - | - |
| Total current liabilities | 19,958,813 | 21,062,713 | 26,860,206 | 26,846,101 |
| Debt, net | - | 0 | 0 | 367,151 |
| Warrant liability | 928,435 | - | - | - |
| Contingent liability - related party | - | 692,531 | 692,531 | 1,748,356 |
| Contingent liability | 692,531 | - | - | - |
| Total liabilities | 21,579,779 | 21,755,244 | 27,552,737 | 28,961,608 |
| Common, 0.0001 par value 250,000,000 shares authorized and 3,279,812 shares issued at december 31, 2025 250,000,000 shares authorized and 6,734,104 shares issued at march 31, 2026 | 673 | 328 | 262 | 215 |
| Additional paid-in capital | 110,805,127 | 111,280,287 | 107,127,619 | 104,628,555 |
| Accumulated deficit | -105,043,366 | -108,515,846 | -109,235,078 | -104,680,742 |
| Total stockholders equity | 5,762,434 | 2,764,769 | -2,107,197 | -51,972 |
| Total liabilities and stockholders equity | 27,342,213 | 24,520,013 | 25,445,540 | 28,909,636 |
HCW Biologics Inc. (HCWB)
HCW Biologics Inc. (HCWB)