ADAG - Balance Sheet - Adagene Inc.

Current Liabilities	38.2 M
Accounts Payable	4.24 M
Short-Term Debt	17.9 M
Other Current Liabilities	16 M
Non-Current Liabilities	560 K
Long-Term Debt	560 K
Other Non-Current Liabilities	0

Millions

	Dec-2024	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018
ASSETS
Cash & Cash Equivalents	85.2	109.9	143.8	174.4	75.2	92.5	16.1
Short Term Investments	0	0	0	0	0	8.0	33.0
Receivables	8.31 K	0.2	0.6	7.5	0.1	2.1	1.4
Inventory	0	0	0	1	0	1	0
Other Current Assets	2.6	3.3	4.9	4.1	3.8	1.2	1.3
Total Current Assets	87.8	113.4	149.3	186.0	79.1	103.9	51.8
PP&E	1.4	2.2	3.0	3.5	2.1	1.9	2.6
Intangible Assets	0	0	0	0	0	0	0
Goodwill	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	7.2	0.2	0.2
Other Long Term Assets	0.1	84.9 K	0.1	69.3 K	(4.1)	(0.1)	(0.1)
Other Assets	22.1 K	0	0	0	0	0	0
Total Assets	89.3	115.7	152.4	189.5	84.3	105.9	54.4
LIABILITIES
Accounts Payable	4.2	3.1	3.7	3.3	1.8	0.7	0.6
Short Term Debt	17.9	8.6	13.8	4.5	5.0	1.0	2.3
Other Current Liabilities	15.5	19.7	22.2	14.8	8.5	4.4	7.4
Total Current Liabilities	38.2	31.5	55.1	29.8	16.1	7.2	10.3
Long Term Debt	0.6	13.7	14.2	3.0	3.0	1.5	0
Deferred Tax Income	0	0	0	44.2 K	0	0	0
Other Liabilities	0	0	28.7 K	94.1 K	154.5	154.2	85.1
Total Liabilities	38.7	45.2	69.3	33.0	173.7	162.9	95.4
EQUITY
Common Stock	5.89 K	5.55 K	5.5 K	5.63 K	1.89 K	1.52 K	1.52 K
Retained Earnings	(311.2)	(277.8)	(258.8)	(178.8)	(105.7)	(63.3)	(46.8)
Other Accumulative Comprehensive Income/Loss	(0.5)	(1.8)	(0.8)	94 K	(0.4)	(0.3)	(0.4)
Total Equity	50.5	70.6	83.1	156.6	(89.4)	(57.0)	(41.0)
Total Liabilities and Equity	89.3	115.7	152.4	189.5	84.3	105.9	54.4
SHARES OUTSTANDING
Common Shares Outstanding	36.0	34.6	34.6	32.0	28.1	35.3	27.5

Free