LIPOCINE INC.
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-3.1M | $3.5M | $-2.3M | $-6.7M | $-3.5M | $-3.9M | $-2.2M | $-2.4M |
| Depreciation & Amortization | $8.5K | $8.5K | $8.0K | $7.7K | $8.1K | $4.8K | $2.6K | $2.6K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $102.3K | $99.3K | $153.7K | $158.1K | $164.9K | $177.8K | $165.3K | $160.2K |
| Net Cash from Operating Activities | $-2.5M | $2.4M | $-2.0M | $-2.6M | $-3.3M | $-3.9M | $-1.8M | $-3.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | $9.2K | $0 | $0 | $4.0K | $96.7K | $0 |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $4.8M | $-4.1M | $2.7M | $1.2M | $3.6M | $5.6M | $2.6M | $613.9K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $8.1K | — | — | — | — | — | — |
| Net Cash from Financing Activities | $217.4K | $-8.1K | $-5.3K | $421.1K | $-5.2K | $-6.0K | $-5.9K | $44 |
| Net Change in Cash | $2.5M | $-1.7M | $699.1K | $-942.0K | $245.5K | $1.6M | $751.5K | $-2.6M |
| Free Cash Flow | — | — | $-2.0M | $-2.6M | $-3.3M | $-3.9M | $-1.9M | $-3.2M |