Lipocine Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3.9	6.21	4.77	3.15	2.95	19.22
Short-Term Investments	11.23	15.43	17.26	29.38	41.67	0.45
Cash & Short-Term Investments	15.13	21.63	22.04	32.53	44.62	19.67
Cash Growth	-23.67%	-1.82%	-32.26%	-27.09%	126.86%	39.80%
Other Receivables	0.12	0.12	0.05	0.08	0.25	0
Total Trade Receivables	0.12	0.12	0.05	0.08	0.25	0
Other Current Assets	0.68	0.57	0.77	1.52	1.51	5.66
Total Current Assets	15.93	22.32	22.86	34.14	46.38	25.33
Net Property, Plant & Equipment	0.12	0.17	0.12	0.13	0.01	-
Long-Term Investments	-	-	-	-	2.02	-
Other Long-Term Assets	0.02	0.02	0.02	3.28	4.07	0.02
Total Assets	16.07	22.51	23	37.54	52.48	25.35
Accounts Payable	0.86	0.27	1.4	0.6	1.29	1.6
Accrued Expenses	0.75	0.92	1.22	1.08	1.02	1.65
Current Portion of Long-Term Debt	-	-	-	-	2.31	3.33
Unearned Revenue	0.32	0.32	-	-	-	-
Other Current Liabilities	-	-	0.02	-	1	-
Total Current Liabilities	1.93	1.51	2.63	1.68	5.62	6.58
Long-Term Debt	-	-	-	-	-	2.26
Other Long-Term Liabilities	-	-	-	0.23	1.3	1.17
Total Long-Term Liabilities	-	-	-	0.23	1.3	3.43
Total Liabilities	1.93	1.51	2.63	1.91	6.91	10.01
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Treasury Stock	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Additional Paid-in Capital	221.2	220.79	220.17	219.11	218.29	187.41
Accumulated Other Comprehensive Income	0	0.01	0.01	-0.02	-0.02	-
Retained Earnings	-207.03	-199.77	-199.78	-183.43	-172.67	-172.03
Shareholders' Equity	14.14	21	20.37	35.63	45.57	15.34
Total Liabilities & Equity	16.07	22.51	23	37.54	52.48	25.35
Total Debt	-	0	0	0	2.31	5.59
Net Cash (Debt)	15.13	21.63	22.04	32.53	42.31	14.08
Net Cash Growth	-30.06%	-1.82%	-32.26%	-23.11%	200.54%	103.40%
Net Cash Per Share	2.78	3.99	4.18	6.19	8.21	4.30
Book Value	14.14	21	20.37	35.63	45.57	15.34
Book Value Per Share	2.60	3.87	3.87	6.78	8.84	4.68
Tangible Book Value	14.14	21	20.37	35.63	45.57	15.34
Tangible Book Value Per Share	2.60	3.87	3.87	6.78	8.84	4.68

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q