v3.25.2

Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 6,546	$ 8,565
Short-term investments	21,426	22,330
Prepaid expenses and other current assets	1,263	653
Total Current Assets	29,235	31,548
Property and equipment, net	1,339	1,316
Right of use assets	1,600	1,760
Other assets	73	92
Total Other Assets	3,012	3,168
Total Assets	32,247	34,716
Current Liabilities:
Accounts payable and accrued expenses	6,033	5,570
Accrued payroll and payroll taxes	610	1,004
Lease liabilities, current portion	345	329
Total Current Liabilities	6,988	6,903
Lease liabilities, long-term portion	1,361	1,539
Total Liabilities	8,349	8,442
Commitments and Contingencies (Note 8)
Stockholders’ Equity:
Common stock, par value $0.001, 200,000,000 shares authorized; 37,759,016 and 34,728,140 shares issued and outstanding, respectively	38	35
Treasury stock, 433,333 shares, at cost	(433)	(433)
Additional paid-in capital	290,631	278,001
Accumulated other comprehensive income	3	64
Accumulated deficit	(266,341)	(251,393)
Total Stockholders’ Equity	23,898	26,274
Total Liabilities and Stockholders’ Equity	$ 32,247	$ 34,716

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

GENELUX Corp 10-Q