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SENESTECH, INC.

NASDAQ: SNES

Company: SenesTech, Inc.
Ticker: Nasdaq: SNES
Sector: Industrials
Investor Contact: Robert Blum

SenesTech, Inc. Financials

Financials – Current & Historical

BALANCE SHEETS
v3.25.0.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,307 $ 5,395
Accounts receivable, net 335 95
Prepaid expenses and other current assets 377 388
Inventory, net 794 795
Total current assets 2,813 6,673
Right to use assets, operating leases 0 210
Property and equipment, net 407 388
Other noncurrent assets 58 22
Total assets 3,278 7,293
Current liabilities:    
Accounts payable 215 150
Accrued expenses 278 368
Current portion of operating lease liability 0 217
Current portion of notes payable 56 33
Deferred revenue 12 18
Total current liabilities 561 786
Notes payable, less current portion 206 156
Total liabilities 767 942
Commitments and contingencies (see notes)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value, 100,000,000 shares authorized, 1,035,893 and 514,003 shares issued and outstanding as of December 31, 2024 and 2023, respectively 1 1
Additional paid-in capital 138,607 136,263
Accumulated deficit (136,097) (129,913)
Total stockholders’ equity 2,511 6,351
Total liabilities and stockholders’ equity $ 3,278 $ 7,293
BALANCE SHEETS (PARENTHETICAL)
v3.25.0.1
BALANCE SHEETS (Parenthetical) - $ / shares
Dec. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 1,035,893 514,003
Common stock, shares outstanding (in shares) 1,035,893 514,003
STATEMENTS OF INCOME AND COMPREHENSIVE LOSS
v3.25.0.1
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Total revenues $ 1,857 $ 1,193
Cost of sales 853 654
Gross profit 1,004 539
Operating expenses:    
Research and development 1,712 1,228
Selling, general and administrative 5,541 7,043
Total operating expenses 7,253 8,271
Loss from operations (6,249) (7,732)
Other income (expense):    
Interest income 56 26
Interest expense (22) (4)
Miscellaneous income 31 0
Other income, net 65 22
Net loss (6,184) (7,710)
Comprehensive loss $ (6,184) $ (7,710)
Weighted average shares outstanding - basic (in shares) 697,974 66,986
Weighted average shares outstanding - diluted (in shares) 697,974 66,986
Loss per share - basic (in dollars per share) $ (8.86) $ (115.10)
Loss per share - diluted (in dollars per share) $ (8.86) $ (115.10)
STATEMENTS OF CASH FLOWS
v3.25.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (6,184) $ (7,710)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 156 135
Stock-based compensation 326 555
Gain on sale of equipment (28) 0
Bad debt expense 2 (2)
Changes in operating assets and liabilities:    
Accounts receivable (242) 20
Prepaid expenses and other current assets 11 (10)
Inventory 1 58
Other assets (44) (4)
Accounts payable 65 (390)
Accrued expenses (90) (192)
Deferred revenue (6) (26)
Net cash used in operating activities (6,033) (7,566)
Cash flows from investing activities:    
Proceeds received on sale of property and equipment 28 0
Purchase of property and equipment (84) (149)
Net cash used in investing activities (56) (149)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 38 5,407
Proceeds from the exercise of warrants, net 1,980 2,831
Proceeds from the issuance of notes payable 25 114
Repayments of notes payable (42) (6)
Payment of employee withholding taxes related to share based awards 0 (11)
Net cash provided by financing activities 2,001 8,335
Increase (decrease) in cash and cash equivalents (4,088) 620
Cash and cash equivalents, beginning of year 5,395 4,775
Cash and cash equivalents, end of year 1,307 5,395
Cash paid for:    
Interest paid 22 4
Income taxes paid 0 0
Non-cash investing and financing activities:    
Notes payable incurred for the purchase of certain equipment $ 90 $ 81

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