CorMedix Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $144.8M | $40.7M | $43.6M | $43.1M | $53.3M | $41.9M | $16.4M | $17.6M |
| Accounts Receivable | $171.2M | $51.7M | — | — | — | — | — | $10.9K |
| Inventory | $29.7M | $7.6M | $2.1M | — | $3.0K | $143.6K | $338.5K | $428.5K |
| Total Current Assets | $367.1M | $114.6M | $79.5M | $59.6M | $66.5M | $48.2M | $29.3M | $18.7M |
| Property, Plant & Equipment | $6.0M | $1.8M | $1.9M | $1.6M | $1.5M | $111.5K | $122.1K | $160.9K |
| Goodwill | $30.0M | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $379.1M | $1.8M | — | — | — | — | — | — |
| Total Assets | $826.1M | $118.8M | $82.1M | $62.0M | $68.9M | $49.3M | $29.5M | $18.8M |
| Liabilities | ||||||||
| Accounts Payable | $7.9M | $1.7M | $4.3M | $2.2M | $2.2M | $1.1M | $1.0M | $2.6M |
| Total Current Liabilities | $174.3M | $33.8M | $11.4M | $6.3M | $5.3M | $4.2M | $5.8M | $7.8M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $420.8M | $34.2M | $11.9M | $7.0M | $6.1M | $5.1M | $5.8M | $13.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-176.6M | $-339.6M | $-321.7M | $-275.4M | $-245.7M | $-217.4M | $-195.4M | $-179.0M |
| Total Stockholders' Equity | $405.3M | $84.7M | $70.1M | $55.1M | $62.8M | $44.2M | $23.6M | $4.9M |