Apimeds Pharmaceuticals US, Inc. APUS
or "our") entered into and closed an Agreement and Plan of Merger (the "Merger Agreement"), with
Apimeds Merger Sub, Inc., a Delaware corporation ("Merger Sub"), MindWave Innovations Inc, a Delaware corporation ("MindWave"),
Lokahi Therapeutics, Inc., a Nevada corporation ("Bio Sub"), and Erik Emerson, solely in his capacity as representative
for the Bio Business (the "Bio Business Representative"). The transactions contemplated by the Merger Agreement are
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| R&D | $1.6M | — | $98.5K | — |
| SG&A | $10.3M | $1.3M | $648.9K | — |
| Total operating expenses | $11.9M | $1.3M | — | — |
| Operating income | -$11.9M | -$1.3M | -$747.4K | — |
| Interest expense | $283.0K | $117.7K | $38.1K | — |
| Net income | -$6.0M | -$1.4M | -$777.7K | — |
| EPS, basic | -0.55 | -0.18 | -0.17 | — |
| EPS, diluted | -0.55 | -0.18 | -0.17 | — |
| Shares, diluted (wtd. avg.) | 10.9M | 7.9M | 4.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $1.6M | $3.5K | $410.5K | $6.2K |
| Short-term investments | $2.0M | — | — | — |
| Total current assets | $14.0M | $13.1K | $422.1K | — |
| Property, plant and equipment | $51.6K | — | — | — |
| Total assets | $164.2M | $13.1K | $422.1K | — |
| Accounts payable | — | $591.2K | $54.4K | — |
| Short-term debt | — | $20.0K | — | — |
| Total current liabilities | $10.7M | $1.0M | $123.3K | — |
| Total liabilities | $10.8M | $1.4M | $390.2K | — |
| Retained earnings | -$10.4M | -$4.4M | -$3.0M | — |
| Total equity | $153.3M | -$1.4M | $31.9K | -$713.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$8.9M | -$733.5K | -$627.8K | — |
| Depreciation and amortisation | $5.7K | — | — | — |
| Stock-based compensation | $1.6M | — | $70.0K | — |
| Capital expenditure | $57.3K | — | — | — |
| Investing cash flow | -$10.1M | — | — | — |
| Financing cash flow | $20.6M | $326.5K | $1.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-051139.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Net income | — | -$777.7K | -$1.4M | -$6.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
- Other event Item 8.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Other event Item 8.01
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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