Aclarion(ACON) - 2025 Q2 - Quarterly Report

Form 10-Q Filing Information This section details ACLARION, INC.'s Quarterly Report on Form 10-Q filing for the period ended June 30, 2025, including registrant specifics and filing status Registrant Details and Filing Status ACLARION, INC. filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025. The company is incorporated in Delaware and is classified as a Non-accelerated Filer, Smaller reporting company, and Emerging growth company - Registrant: ACLARION, INC.[2] - Filing Period: Quarterly period ended June 30, 2025[2] Registrant Filing Status | Status | Indication | | :------------------------ | :--------- | | Large accelerated filer | ☐ | | Accelerated filer | ☐ | | Non-accelerated Filer | ☒ | | Smaller reporting company | ☒ | | Emerging growth company | ☒ | - As of August 14, 2025, there were 582,371 shares of common stock outstanding[4] Special Note Regarding Forward-Looking Statements This section cautions about forward-looking statements, highlighting inherent risks and potential material differences in actual results Nature and Risks of Forward-Looking Statements This section serves as a cautionary note regarding forward-looking statements within the report, indicating that such statements involve substantial risks and uncertainties and actual results may differ materially from expectations. It advises against undue reliance and refers readers to the Risk Factors section of the Company's Annual Report on Form 10-K - All statements, other than statements of historical facts, regarding strategy, future financial condition, operations, projected costs, prospects, plans, objectives, and expected market growth are forward-looking statements[6] - Forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different, as described in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024[7] - The Company undertakes no obligation to publicly update any forward-looking statements, except as required by law[7] PART I. FINANCIAL INFORMATION This part presents ACLARION, INC.'s unaudited condensed financial statements and management's analysis of financial condition and results of operations Item 1. Financial Statements This section presents Aclarion, Inc.'s unaudited condensed financial statements, including the Balance Sheets, Statements of Operations, Statements of Changes in Stockholders' Equity, and Statements of Cash Flows, along with comprehensive notes detailing the company's accounting policies, financial instruments, equity activities, and other relevant financial disclosures for the periods ended June 30, 2025, and December 31, 2024 Condensed Balance Sheets This section provides a snapshot of the company's financial position, detailing assets, liabilities, and equity as of June 30, 2025, and December 31, 2024 Condensed Balance Sheet Highlights (June 30, 2025 vs. December 31, 2024) | Metric | June 30, 2025 (Unaudited) | December 31, 2024 | | :--------------------------------- | :------------------------ | :------------------ | | Cash and cash equivalents | $12,825,657 | $453,661 | | Total current assets | $13,440,755 | $824,279 | | Total assets | $14,754,520 | $2,123,483 | | Total current liabilities | $564,422 | $1,153,426 | | Total liabilities | $564,422 | $1,153,426 | | Total stockholders' equity | $14,190,098 | $970,057 | - Cash and cash equivalents increased significantly from $453,661 at December 31, 2024, to $12,825,657 at June 30, 2025[14] - Total assets grew from $2,123,483 to $14,754,520, while total liabilities decreased from $1,153,426 to $564,422[14] Condensed Statements of Operations This section outlines the company's financial performance, presenting revenues, expenses, and net loss for the three and six months ended June 30, 2025, and 2024 Condensed Statements of Operations Highlights (Three Months Ended June 30) | Metric | 2025 | 2024 | | :-------------------------- | :---------- | :---------- | | Revenue | $19,319 | $10,971 | | Cost of revenue | $14,179 | $23,294 | | Gross profit (loss) | $5,140 | $(12,323) | | Total operating expenses | $1,741,648 | $1,123,238 | | Net Loss | $(1,600,757)| $(1,238,077)| | Net loss per share (basic & diluted) | $(2.75) | $(1,362.83) | Condensed Statements of Operations Highlights (Six Months Ended June 30) | Metric | 2025 | 2024 | | :-------------------------- | :---------- | :---------- | | Revenue | $38,309 | $21,085 | | Cost of revenue | $37,658 | $42,770 | | Gross profit (loss) | $651 | $(21,685) | | Total operating expenses | $3,229,084 | $2,389,184 | | Net Loss | $(3,638,193)| $(3,637,180)| | Net loss per share (basic & diluted) | $(9.09) | $(4,816.86) | - Revenue increased by 76% for the three months ended June 30, 2025, and by 82% for the six months ended June 30, 2025, compared to the prior year periods[16] - Gross profit turned positive for the three-month period in 2025 ($5,140) from a loss in 2024 ($(12,323)), and significantly improved for the six-month period[16] Condensed Statements of Changes in Stockholders' Equity This section details the company's equity changes, including common stock, additional paid-in capital, and accumulated deficit, for the six months ended June 30, 2025 Changes in Stockholders' Equity (Six Months Ended June 30, 2025) | Item | December 31, 2024 | June 30, 2025 | | :------------------------------------ | :------------------ | :-------------- | | Common Stock (Value) | $ * | $6 | | Additional Paid-In Capital | $52,232,368 | $69,090,597 | | Accumulated Deficit | $(51,262,311) | $(54,900,505) | | Total Stockholders' Equity | $970,057 | $14,190,098 | - Total stockholders' equity increased substantially from $970,057 at December 31, 2024, to $14,190,098 at June 30, 2025, primarily due to significant capital raises[21] - Additional paid-in capital increased by over $16.8 million, reflecting proceeds from registered direct offerings and a public offering of common stock and warrants[21] Condensed Statements of Cash Flows This section presents the company's cash inflows and outflows from operating, investing, and financing activities for the six months ended June 30, 2025, and 2024 Condensed Statements of Cash Flows Highlights (Six Months Ended June 30) | Activity | 2025 | 2024 | | :------------------------------ | :------------ | :------------ | | Net cash used in operating activities | $(4,376,394) | $(3,293,096) | | Net cash used in investing activities | $(122,290) | $(157,523) | | Net cash provided by financing activities | $16,885,680 | $3,602,237 | | Net increase in cash and cash equivalents | $12,386,996 | $151,618 | | Cash, cash equivalents and restricted