105 results
10-Q
2024 Q2
NNE
Nano Nuclear Energy Inc.
20 Jun 24
Quarterly report
4:30pm
March 31, 2024 | March 31, 2023 | March 31, 2024 | March 31, 2023 | |||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
March 31, 2024 | March 31, 2023 | March 31, 2024 | March 31, 2023 | |||||||||||||
Operating expenses | ||||||||||||||||
General and administrative | $ | 1,423,309 | $ | 1,127,534 | $ | 2,252,205 | $ | 1,683,973 | ||||||||
Research and development | 290,539 | 392,900 | 810,555 | 520,606 | ||||||||||||
Loss from operations | 1,713,848 | 1,520,434 | 3,062,760 | 2,204,579 | ||||||||||||
Other income | 36,220 | - | 71,187 | - | ||||||||||||
Net loss | $ | (1,677,628) | $ | (1,520,434) | $ | (2,991,573) | $ | (2,204,579) | ||||||||
Net loss per share of common stock: | ||||||||||||||||
Basic | $ | (0.07) | $ | (0.07) | $ | (0.13) | $ | (0.10) | ||||||||
Diluted | $ | (0.07) | $ | (0.07) | $ | (0.13) | $ | (0.10) | ||||||||
Weighted-average shares of common stock outstanding: | ||||||||||||||||
Basic | 23,861,244 | 22,307,508 | 23,521,208 | 21,747,734 | ||||||||||||
Diluted | 23,861,244 | 22,307,508 | 23,521,208 | 21,747,734 |
10-Q
2024 Q2
NNE
Nano Nuclear Energy Inc.
20 Jun 24
Quarterly report
4:30pm
March 31, 2024 | September 30, 2023 | |||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash | $ | 5,955,028 | $ | 6,952,795 | ||||
Prepaid expenses | 634,977 | 205,857 | ||||||
Total current assets | 6,590,005 | 7,158,652 | ||||||
Deferred offering costs | 130,000 | 75,000 | ||||||
Deposits | 235,235 | - | ||||||
Right of use asset | 1,914,778 | - | ||||||
Total assets | $ | 8,870,018 | $ | 7,233,652 | ||||
LIABILITIES, MEZZANINE, AND STOCKHOLDERS’ EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable and accrued liabilities | $ | 299,508 | $ | 190,005 | ||||
Due to related parties | 25,000 | 35,000 | ||||||
Lease liability, current | 280,951 | - | ||||||
Total current liabilities | 605,459 | 225,005 | ||||||
Lease liability, non-current | 1,628,591 | - | ||||||
Total liabilities | 2,234,050 | 225,005 | ||||||
Mezzanine Equity | ||||||||
Common stock subject to possible redemption; 0 shares as of March 31, 2024 and 2,000,000 shares as of September 30, 2023 | - | 5,000,000 | ||||||
Stockholders’ Equity | ||||||||
Preferred stock, $0.0001 par value; 25,000,000 authorized as of March 31, 2024 and 100,000,000 authorized as of September 30, 2023; none issued and outstanding as of March 31, 2024 and September 30, 2023 | - | - | ||||||
Common stock, $0.0001 par value; 275,000,000 authorized as of March 31, 2024 and 100,000,000 authorized as of September 30, 2023; 26,007,013 and 23,184,869 shares issued and outstanding as of March 31, 2024 and September 30, 2023, respectively, excluding 2,000,000 shares as of September 30, 2023 subject to possible redemption | 2,601 | 2,319 | ||||||
Additional paid-in capital | 16,907,165 | 9,288,553 | ||||||
Accumulated deficit | (10,273,798) | (7,282,225) | ||||||
Total stockholders’ equity | 6,635,968 | 2,008,647 | ||||||
Total liabilities, mezzanine equity, and stockholders’ equity | $ | 8,870,018 | $ | 7,233,652 |
10-Q
2024 Q2
NNE
Nano Nuclear Energy Inc.
20 Jun 24
Quarterly report
4:30pm
SCHEDULE OF CUMULATIVE OPTION ACTIVITY
Options outstanding | ||||||||||||||||
Number of shares | Weighted average exercise price per share | Weighted average contractual term (in years) | Aggregate intrinsic value (in thousands) | |||||||||||||
Outstanding – September 30, 2023 | 4,007,000 | $ | 2.23 | 2.54 | $ | 2,004 | ||||||||||
Options granted | 125,000 | 3.00 | 2.96 | 152 | ||||||||||||
Outstanding – March 31, 2024 | 4,132,000 | $ | 2.23 | 2.54 | $ | 2,156 | ||||||||||
Vested during the period | 125,000 | $ | 3.00 | 2.96 | $ | 152 | ||||||||||
Vested at end of period | - | $ | - | - | $ | - | ||||||||||
Exercisable at the end of period | 4,132,000 | $ | 2.26 | 2.07 | $ | 2,156 |
10-Q
2024 Q2
NNE
Nano Nuclear Energy Inc.
20 Jun 24
Quarterly report
4:30pm
SCHEDULE OF OTHER INFORMATION RELATED TO LEASES
2024 | 2023 | 2024 | 2023 | |||||||||||||
Cash paid for amounts included in the | Three Months Ended March 31, | Six Months Ended March 31, | ||||||||||||||
measurement of lease liabilities: | 2024 | 2023 | 2024 | 2023 | ||||||||||||
Operating cash outflows from operating leases | $ | 33,605 | $ | — | $ | 33,605 | $ | — |
10-Q
2024 Q2
NNE
Nano Nuclear Energy Inc.
20 Jun 24
Quarterly report
4:30pm
Shares | Amount | Common Shares | Amount | Stock subscriptions | Additional paid-in capital | Accumulated deficit | Total Stockholders’ Equity | |||||||||||||||||||||||||
Mezzanine Equity | Common | Stock | Additional paid-in | Accumulated | Total Stockholders’ | |||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | subscriptions | capital | deficit | Equity | |||||||||||||||||||||||||
Balance as of December 31, 2023 | 2,000,000 | $ | 5,000,000 | 23,184,869 | $ | 2,319 | $ | 2,106,437 | $ | 9,288,553 | $ | (8,596,170) | $ | 2,801,139 | ||||||||||||||||||
Common stock issuances | - | - | 822,144 | 82 | (2,106,437) | 2,466,355 | - | 360,000 | ||||||||||||||||||||||||
Mezzanine equity conversion | (2,000,000) | (5,000,000) | 2,000,000 | 200 | - | 4,999,800 | - | 5,000,000 | ||||||||||||||||||||||||
Equity-based compensation | - | - | - | - | - | 152,457 | - | 152,457 | ||||||||||||||||||||||||
Net loss | - | - | - | - | - | - | (1,677,628) | (1,677,628) | ||||||||||||||||||||||||
Balance as of March 31, 2024 | - | $ | - | 26,007,013 | $ | 2,601 | $ | - | $ | 16,907,165 | $ | (10,273,798) | $ | 6,635,968 |
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