I
IMPACT BIOMEDICAL INC.
IBOCIK 0001834105NYSENon-AcceleratedSmaller ReportingEmerging GrowthPharmaceutical PreparationsNevadaFY ends Dec 31
Period
FY 2025
Revenue
$32.0K
Net Income
$-11.84M
Total Assets
$17.41M
Equity
$12.61M
Shares Out
107.82M
Op. Cash Flow
$-1.89M
Business
Impact BioMedical Inc. discovers, confirms, and patents unique science and technologies for development into human healthcare and wellness offerings through licensing, co‑development, joint ventures and other collaborations. Its main products and technologies include small‑molecule Linebacker oncology/inflammation/neurology compounds, Equivir antiviral polyphenol blends, Laetose sugar alternative, 3F functional fragrances, probiotics and other biopharmaceutical, consumer wellness, preservative and bioplastic technologies. The company operates as a single biotechnology business segment with research, IP development and commercialization activities conducted through its principal subsidiaries. It seeks commercialization via licensing to pharmaceutical and consumer packaged goods partners and direct sales through global distribution channels, including sister‑company networks.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total revenue | 32,000 | — | — | 50,000 | |
| Cost of revenue | 424,000 | — | — | — | |
| Sales, general and administrative compensation (inclusive of stock-based compensation) | 873,000 | 718,000 | 315,000 | 325,000 | |
| Sales and marketing | 24,000 | 633,000 | 65,000 | — | |
| Professional Fees | 1 | 446,000 | 724,000 | 722,000 | |
| Research and development | 340,000 | 278,000 | 2 | 1 | |
| Depreciation and Amortization | 1 | 1 | 1 | 1 | |
| Rent and utilities | 74,000 | 32,000 | — | — | |
| Impairment of goodwill | — | 25 | — | 0 | |
| Impairment of fixed assets | — | 263,000 | — | — | |
| Loss on disposal of fixed assets | 12,000 | — | — | — | |
| Other operating expenses | 417,000 | 171,000 | 119,000 | — | |
| Total costs and expenses | 4 | 29 | — | — | |
| Operating loss | −4 | −29 | −4 | −3 | |
| Interest income | 13,000 | 13,000 | 13,000 | — | |
| Change in fair value of note payable, related party | −9 | 5 | — | — | |
| Interest expense | −793,000 | −1 | −444,000 | −462,000 | |
| Loss from operations before income taxes | −14 | −25 | −4 | −8 | |
| Income tax benefit (expense) | 3 | −33,000 | — | 621,000 | |
| Net loss | −12 | −25 | −4 | — | |
| Loss from operations attributed to noncontrolling interest | 32,000 | 62,000 | 71,000 | — | |
| Net loss attributable to common stockholders | −12 | −25 | −4 | −7 | |
| Basic (per share) | −0.38 | −2.3 | −0.07 | −0.1 | |
| Diluted (per share) | −0.38 | −2.3 | −0.07 | −0.1 | |
| Basic (shares) | 32 | 11 | 60 | 70 | |
| Diluted (shares) | 32 | 11 | 60 | 70 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3,000 | 2 | 1,000 | 2,000 | — | |
| Accounts receivable | 5,000 | — | — | — | — | |
| Inventory | 63,000 | — | — | — | — | |
| Current portion of notes receivable | 198,000 | 184,000 | 203,000 | 16,000 | — | |
| Prepaid expenses and other current assets | 142,000 | 265,000 | — | 104,000 | — | |
| Total current assets | 411,000 | 2 | 332,000 | 122,000 | — | |
| Property, plant and equipment, net | — | 17,000 | 287,000 | 276,000 | — | |
| Notes receivable | — | 17,000 | — | 190,000 | — | |
| Other intangible assets, net | 17 | 18 | 19 | 20 | — | |
| Total assets | 17 | 20 | 45 | 46 | — | |
| Accounts payable | 347,000 | 314,000 | 832,000 | 539,000 | — | |
| Accrued expenses | 194,000 | 194,000 | 230,000 | 63,000 | — | |
| Due to related party | 621,000 | 399,000 | — | — | — | |
| Note payable, related party | — | 9 | 12 | 10 | — | |
| Total current liabilities | 1 | 10 | 13 | 11 | — | |
| Deferred tax liability, net | 688,000 | 3 | 3 | 3 | — | |
| Total liabilities | 2 | 13 | 16 | 14 | — | |
| Commitments and contingencies (Note 12) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 100,000,000 shares authorized, zero shares issued and outstanding (60,496,041 on December 31, 2024); Liquidation value $0.001 per share, zero aggregate. $60,496,041,000 on December 31, 2024). | — | 60,000 | 60,000 | — | — | |
| Common stock, $0.001 par value; 4,000,000,000 shares authorized, 104,621,231 shares issued and outstanding (11,503,955 on December 31, 2024) | 105,000 | 11,000 | 10,000 | 70,000 | — | |
| Additional paid-in capital | 62 | 42 | 38 | — | — | |
| Accumulated deficit | −50 | −38 | −13 | −9 | — | |
| Total stockholders equity of the Company | 13 | 4 | 25 | 30 | — | |
| Non-controlling interest in subsidiaries | 3 | 3 | 3 | 3 | — | |
| Total stockholders equity | 16 | 7 | 28 | 33 | 40 | |
| Total liabilities and stockholders equity | 17 | 20 | 45 | 46 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | 1 | 1 | |
| Stock based compensation | 13,000 | 19,000 | — | — | |
| Issuance of shares for professional services rendered | 190,000 | — | — | — | |
| Accrued interest on notes payable | 793,000 | 1 | — | — | |
| Change in deferred tax liability | −3 | 33,000 | — | −621,000 | |
| Impairment of inventory | 419,000 | — | — | — | |
| Loss on disposal of fixed assets | 12,000 | — | — | — | |
| Accounts receivable | −1,000 | 128,000 | — | — | |
| Inventory | 7,000 | — | — | — | |
| Prepaid expenses and other current assets | 126,000 | −265,000 | 104,000 | −60,000 | |
| Accounts payable | 470,000 | −436,000 | 293,000 | 424,000 | |
| Accrued expenses | −2,000 | −35,000 | 167,000 | 57,000 | |
| Net cash used operating activities | −2 | −3 | −3 | −2 | |
| Payments received on notes receivable | 3,000 | 2,000 | 3,000 | — | |
| Net cash provided by investing activities | 3,000 | 2,000 | −15,000 | −349,000 | |
| Borrowings from related party | 184,000 | — | 3 | 3 | |
| Payments to related party | −293,000 | — | — | — | |
| Borrowings of note payable, related party | — | 1 | — | — | |
| Issuances of common stock, net of issuance costs | — | 4 | — | — | |
| Net cash (used) provided by financing activities | −109,000 | 5 | 3 | 3 | |
| Net increase (decrease) in cash | −2 | 2 | −1,000 | −44,000 |
Filings
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