For the quarter ending 2026-03-31, MREO has $40,614K in assets. $6,560K in debts. $36,223K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 36,223 | 40,992 | 48,698 | 56,125 |
| Prepaid expenses and other current assets | 2,249 | 2,531 | 2,694 | 2,545 |
| Research and development incentives receivables | 1,562 | 1,497 | 1,015 | 2,751 |
| Total current assets | 40,034 | 45,020 | 52,407 | 61,421 |
| Property and equipment, at cost | 1,069 | 1,222 | 1,221 | - |
| Less accumulated depreciation | 978 | 1,085 | 1,047 | - |
| Property and equipment, net | 91 | 137 | 174 | 218 |
| Operating lease right of use assets, net | 108 | 244 | 378 | 522 |
| Intangible assets, net | 381 | 516 | 643 | 470 |
| Total assets | 40,614 | 45,917 | 53,602 | 62,631 |
| Convertible loan notes - current | - | 0 | 0 | 0 |
| Accounts payable | 3,226 | 1,333 | 879 | 1,138 |
| Accrued expenses | 2,046 | 2,026 | 4,118 | 5,041 |
| Operating lease liabilities - current | 0 | 202 | 397 | 601 |
| Other current liabilities | 905 | 741 | 622 | 777 |
| Operating lease liabilities- non current | - | 0 | 0 | 0 |
| Total current liabilities | 6,177 | 4,302 | 6,016 | 7,557 |
| Warrant liabilities - non-current | 21 | 38 | 336 | 545 |
| Other non-current liabilities | 362 | 661 | 652 | 352 |
| Total liabilities | 6,560 | 5,001 | 7,004 | 8,454 |
| Ordinary shares, par value 0.003 per share 795,484,404 shares issued at september 30, 2025 (december 31, 2024 775,728,034) | 3,145 | 3,135 | 3,134 | 3,132 |
| Additional paid-in capital | 551,018 | 549,622 | 548,041 | 546,331 |
| Accumulated deficit | -507,538 | -501,018 | -493,667 | -486,643 |
| Accumulated other comprehensive loss | -12,571 | -10,823 | -10,910 | -8,643 |
| Total shareholders' equity | 34,054 | 40,916 | 46,598 | 54,177 |
| Total liabilities and shareholders' equity | 40,614 | 45,917 | 53,602 | 62,631 |