JUPITER NEUROSCIENCES, INC.
Business
JUPITER NEUROSCIENCES, INC. is a clinical-stage research and development company focused on developing an enhanced oral resveratrol platform, JOTROL, to treat neuroinflammation and related neurological and rare diseases. It offers JOTROL as its primary product for therapeutic indications and is developing consumer nutritional products via a planned subsidiary and partnerships. The company’s business segments include clinical development programs (notably JNS115 for Parkinson’s Disease, JNS108 for MCI/early Alzheimer’s, and rare-disease programs JNS101/JNS102/JNS107), licensing and manufacturing partnerships, and business development. Jupiter targets U.S. clinical and commercial channels, direct-to-consumer U.S. sales for nutritional products, and out-licensing and distribution partnerships in Southeast Asia and other international markets.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Product Revenues, net | 21,796 | 0 | — | |
| Cost of goods sold | 4,231 | — | — | |
| Gross Profit | 17,565 | — | — | |
| Research and development | 2 | 492,660 | 954,793 | |
| General and administrative | 7 | 3 | 3 | |
| Total operating expenses | 9 | 3 | 4 | |
| Operating loss | −9 | −3 | −4 | |
| Interest income | — | 5,557 | 482 | |
| Loss on change in fair value of derivative liability | — | −53,257 | 148,751 | |
| Gain on change in fair value of convertible notes | 281,932 | — | — | |
| Interest expense | −66,020 | −248,366 | −218,705 | |
| Gain on extinguishment of debt | — | 857,723 | — | |
| Other income | 47,912 | 90,000 | 44,500 | |
| Total other expenses, net | 263,824 | 651,657 | −912,918 | |
| Net income (loss) | −9 | −2 | −5 | |
| Basic (per share) | −0.25 | −0.08 | −0.18 | |
| Diluted (per share) | −0.25 | −0.08 | −0.18 | |
| Basic (shares) | 35 | 29 | 26 | |
| Diluted (shares) | 35 | 29 | 26 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash | 4 | 4 | 28,478 | — | |
| Account receivable | 2,637 | — | — | — | |
| Prepaid contracts | 766,667 | 766,667 | — | — | |
| Inventory, net | 159,790 | — | — | — | |
| Other current assets | 106,542 | 114,086 | — | — | |
| Total current assets | 5 | 5 | 28,739 | — | |
| Operating lease right of use asset, net | 23,214 | 69,642 | 116,070 | — | |
| Prepaid contracts, noncurrent | 712,055 | 1 | — | — | |
| Other assets | 3,783 | 3,783 | 3,783 | — | |
| Total assets | 6 | 6 | 148,592 | — | |
| Accounts payable and accrued expenses | 638,646 | 396,483 | 546,014 | — | |
| Accrued compensation | 1 | 1 | 2 | — | |
| Accrued interest | 39,829 | 1,064 | 88,000 | — | |
| Deferred revenue | 735 | — | — | — | |
| Current portion of operating lease liability | 21,247 | 50,082 | 48,213 | — | |
| Convertible notes payable, fair value | 5 | — | 2 | — | |
| Other liability | — | — | — | — | |
| Total current liabilities | 7 | 2 | 6 | — | |
| Operating lease liability, net of current portion | — | 21,247 | 71,329 | — | |
| Total liabilities | 7 | 2 | 6 | — | |
| Commitments and Contingencies (Note 8) | — | — | — | — | |
| Common stock, par value $0.0001; 500,000,000 and 125,000,000 shares authorized, respectively; 34,446,455 and 33,103,860 issued and outstanding, respectively | 3,444 | 3,310 | 2,652 | — | |
| Additional paid in capital | 33 | 30 | 18 | — | |
| Accumulated deficit | −35 | −26 | −24 | — | |
| Total stockholders deficit | −2 | 4 | −6 | −7 | |
| Total liabilities and stockholders deficit | 6 | 6 | 148,592 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Amortization of debt discounts | — | 43,288 | 16,712 | |
| Loss (Gain) on extinguishment of debt | — | −857,723 | — | |
| Gain on forgiveness of accrued compensation | — | −40,000 | — | |
| Amortization of prepaid contracts | 766,666 | 54,612 | — | |
| Non-cash financing cost | 200,000 | — | — | |
| Interest expense paid through sale of common stock | 22,521 | — | — | |
| Stock-based compensation | 2 | 2 | 1 | |
| Increase in accounts receivable | −2,637 | — | — | |
| Decrease (increase) in prepaid contracts | — | −2 | — | |
| Increase in prepaid and other current assets | — | −113,826 | — | |
| Increase in inventory | −159,790 | — | — | |
| Increase in other current assets | 7,544 | — | 4,971 | |
| Decrease in operating lease right of use asset | −3,654 | −1,785 | 25 | |
| Increase in deferred revenue | 735 | — | — | |
| Increase in accounts payable and accrued expenses | 242,163 | −149,530 | 164,881 | |
| Decrease in accrued compensation | −17,736 | −46,948 | 2 | |
| Increase in accrued interest | 38,765 | 46,368 | 38,270 | |
| Net cash used in operating activities | −5 | −4 | −480,953 | |
| Proceeds from note payable, related parties | — | 138,500 | 390,000 | |
| Payment on convertible note payable | — | −150,000 | — | |
| Proceeds from issuance convertible note payable, net | 6 | — | — | |
| Proceeds from offering, net of offering costs | — | 10 | — | |
| Proceeds from sale of common stock | — | 150,000 | 55,000 | |
| Net cash provided by financing activities | 5 | 8 | 445,000 | |
| Net Change in Cash | 19,832 | 4 | −35,953 | |
| Cash paid for interest | 38,426 | 147,776 | — | |
| Restricted stock issued for forgiveness of salary | — | 10,000 | 2 | |
| Stock options issued for forgiveness of salary | — | 50,000 | 3 | |
| Notes payable, related party assign to Note payable | — | 266,667 | — | |
| Stock issued in connection with convertible promissory notes | 200,000 | 636,866 | — | |
| Stock issued in connection interest payment | 22,521 | — | — |