v3.25.2

Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 2,564,265	$ 9,527,396
Other receivables	29,468	0
Prepaid expenses and other current assets	325,695	242,272
Total current assets	2,919,428	9,769,668
Property and equipment, net	129,444	388,361
Right-of-use assets - operating leases	161,166	527,321
Other assets	56,916	56,916
Total assets	3,266,954	10,742,266
Current liabilities:
Accounts payable	6,998,806	4,101,929
Accrued expenses	881,412	4,185,046
Short-term operating lease liabilities	129,812	380,542
Short-term finance lease liabilities	0	46,014
Other current liabilities	0	944,150
Total current liabilities	8,010,030	9,657,681
Long-term operating lease liabilities	33,969	163,782
Other long-term liabilities	0	1,032,300
Total liabilities	8,043,999	10,853,763
Stockholders deficiency:
Common stock of $0.01 par value authorized 300,000,000 shares: issued and outstanding 929,597 shares as of June 30, 2025 and 358,532 shares as of June 30, 2024	9,296	3,585
Additional paid-in capital	454,287,484	441,651,428
Accumulated deficit	(459,073,899)	(441,766,550)
Total stockholders deficiency	(4,777,045)	(111,497)
Total liabilities and stockholders deficiency	3,266,954	10,742,266
Series A Convertible Preferred Stocks [Member]
Stockholders deficiency:
Preferred Stock Value	40	40
Series D Convertible Preferred Stock [Member]
Stockholders deficiency:
Preferred Stock Value	$ 34	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

PALATIN TECHNOLOGIES INC 10-K