v3.23.3

Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 6,116,084	$ 5,208,005
Restricted cash	800,100	800,100
Short-term investments	9,945,715	19,989,489
Employee retention credit receivable	70,000
Receivable from Reprise Biomedical, Inc.	11,176	930,355
Interest receivable	9,433	107,861
Prepaid expenses and other current assets	239,922	274,952
Total current assets	17,192,430	27,310,762
Deferred offering costs		232,899
Right of use asset	1,517,956	1,673,575
Property and equipment, net	4,710,763	5,545,694
Total assets	23,421,149	34,762,930
Current liabilities:
Current portion of deferred royalties	862,609	979,167
Accounts payable	1,048,364	1,584,929
Current portion of financing lease obligations	17,281	44,157
Current portion of lease liability	413,650	389,649
Accrued expenses	2,624,031	1,948,376
Total current liabilities	4,965,935	4,946,278
Deferred royalties, net		491,733
Long-term debt	385,997	385,997
Financing lease obligations, net		11,689
Lease liability, net	2,406,066	2,720,781
Accrued interest	120,780	99,048
Total liabilities	7,878,778	8,655,526
Commitments and contingencies
Shareholders' equity:
Common stock, par value $0.00001; 190,000,000 shares authorized; 27,419,228 issued and outstanding as of September 30, 2023 and 20,944,109 issued and outstanding as of December 31, 2022	274	209
Additional paid-in capital	140,018,271	130,119,106
Accumulated deficit	(124,476,174)	(104,011,911)
Total shareholders' equity	15,542,371	26,107,404
Total liabilities and shareholders' equity	$ 23,421,149	$ 34,762,930

Specific incremental costs directly attributable to a proposed or actual offering of securities which are deferred at the end of the reporting period, classified as noncurrent

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Miromatrix Medical Inc. 10-Q