0000899460false00008994602023-11-072023-11-07
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): November 07, 2023 |
MannKind Corporation
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
000-50865 |
13-3607736 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
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1 Casper Street |
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Danbury, Connecticut |
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06810 |
(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s Telephone Number, Including Area Code: (818) 661-5000 |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s) |
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share |
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MNKD |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On November 7, 2023, MannKind Corporation issued a press release, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MannKind Corporation |
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Date: November 7, 2023 |
By: |
/s/ David Thomson, Ph.D., J.D. |
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David Thomson, Ph.D., J.D. |
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Corporate Vice President, General Counsel and Secretary |
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EXHIBIT 99.1 |
MANNKIND CORPORATION REPORTS
2023 THIRD QUARTER FINANCIAL RESULTS
Conference Call to Begin Today at 5:00 p.m. (ET)
•3Q 2023 Total revenues of $51M; +56% vs. 3Q 2022
•3Q YTD 2023 Total revenues of $140M; +121% vs. 3Q YTD 2022
•3Q 2023 Net income of $2M; Non-GAAP net income of $4M
•3Q 2023 Tyvaso DPI royalties of $20M; +225% vs. 3Q 2022
•3Q 2023 Endocrine BU net revenues of $18M; Afrezza net revenues +24% vs. 3Q 2022
DANBURY, Conn. and WESTLAKE VILLAGE, Calif. November 7, 2023 (Globe Newswire) — MannKind Corporation (Nasdaq: MNKD) today reported financial results for the quarter ended September 30, 2023.
“We had another strong quarter of revenue growth with total revenues exceeding $51 million,” said Michael Castagna, PharmD, Chief Executive Officer of MannKind Corporation. "With the continued success of Tyvaso DPI®, we believe we will continue to have the ability to execute our commercial operating plan and fund our pipeline development efforts."
Third Quarter 2023 Results
Revenue Highlights
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Three Months
Ended September 30, |
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2023 |
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2022 |
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$ Change |
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% Change |
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(Dollars in thousands) |
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Net revenue – Afrezza |
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$ |
13,476 |
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$ |
10,831 |
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$ |
2,645 |
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24 |
% |
Net revenue – V-Go |
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4,451 |
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5,428 |
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$ |
(977 |
) |
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(18 |
%) |
Revenue – collaborations and services |
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13,108 |
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10,346 |
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$ |
2,762 |
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27 |
% |
Royalties – collaborations |
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20,218 |
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6,220 |
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$ |
13,998 |
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225 |
% |
Total revenues |
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$ |
51,253 |
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$ |
32,825 |
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$ |
18,428 |
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56 |
% |
Afrezza® net revenue for the third quarter of 2023 increased $2.6 million, or 24%, compared to the same period in 2022 as a result of higher product demand and higher price. V-Go® net revenue for the third quarter of 2023 decreased $1.0 million, or 18%, compared to the same period in 2022 as a result of lower product demand and an increase in rebates (as a percentage of gross sales). The increase in collaborations and services revenue was primarily attributable to an increase in the sale of semi-finished Tyvaso DPI to UT. Royalties related to Tyvaso DPI for the third quarter of 2023 increased $14.0 million, or 225%, primarily as a result of an increase in patient demand.
Commercial product gross margin in the third quarter of 2023 was 78% compared to 69% for the same period in 2022, primarily attributable to an increase in Afrezza net revenue and a decrease in cost of goods sold.
Cost of revenue – collaborations and services for the third quarter of 2023 was $10.3 million compared to $12.4 million for the same period in 2022, a decrease of $2.2 million, or 18%, due to an increase in manufacturing activities resulting in more costs being capitalized into inventory, and an increase in labor costs associated with
the expansion of our manufacturing capacity for Tyvaso DPI, which were capitalized and subsequently reimbursed by UT.
Research and development ("R&D") expenses for the third quarter of 2023 were $10.0 million compared to $4.1 million for the same period in 2022. The $5.9 million increase was primarily attributed to development activities for MNKD-101 (inhaled clofazimine), an Afrezza post-marketing clinical study (INHALE-3) which commenced in the second quarter of 2023, increased headcount, and increased costs associated with other pipeline products.
Selling expenses was $13.4 million in the third quarter of 2023 and remained consistent with the same period in 2022 at $13.5 million.
General and administrative expenses for the third quarter of 2023 were $10.5 million compared to $9.1 million for the same period in 2022. The $1.4 million increase was primarily attributable to an increase in personnel costs, including stock-based compensation and headcount.
Interest income was $1.6 million for the third quarter of 2023 compared to $0.7 million for the same period in 2022. The increase was primarily due to higher yields on our marketable securities and money market funds.
Interest expense on notes was $2.8 million and interest expense on financing liability (related to the sale-leaseback of our Danbury manufacturing facility) was $2.5 million for the third quarter of 2023 and remained consistent with the same period in 2022.
Nine Months September 30, 2023
Revenue Highlights
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Nine Months
Ended September 30, |
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2023 |
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2022 |
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$ Change |
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% Change |
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Net revenue — Afrezza |
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$ |
39,427 |
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$ |
31,306 |
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$ |
8,121 |
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26 |
% |
Net revenue — V-Go |
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14,407 |
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7,501 |
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$ |
6,906 |
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92 |
% |
Revenue — collaborations and services |
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35,705 |
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18,380 |
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$ |
17,325 |
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94 |
% |
Royalties — collaborations |
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50,951 |
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6,524 |
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$ |
44,427 |
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* |
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Total revenues |
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$ |
140,490 |
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$ |
63,711 |
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$ |
76,779 |
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121 |
% |
________________________
* Not meaningful
Afrezza net revenue for the nine months ended September 30, 2023 increased $8.1 million, or 26%, compared to the same period in 2022 primarily as a result of higher product demand and price. V-Go net revenue for the nine months ended September 30, 2023 increased $6.9 million, compared to the same period in 2022. The increase was a result of nine months of sales in 2023 compared to four months in the prior year as V-Go was acquired in May 2022. Net revenue from collaborations and services for the nine months ended September 30, 2023 increased $17.3 million as a result of manufacturing revenue being deferred in the prior year period until we began commercial manufacturing in May 2022. Royalties related to Tyvaso DPI, launched in the late second quarter of 2022 by UT, reached $51.0 million in the nine months ended September 30, 2023 due to an increase in patient demand.
Commercial product gross margin in the nine months ended September 30, 2023 was 73% compared to 69% for the same period in 2022, primarily attributable to an increase in Afrezza sales and a decrease in cost of goods sold.
Cost of revenue – collaborations and services for the nine months ended September 30, 2023 was $30.0 million and remained consistent with the same period in 2022 as manufacturing activities shifted from preproduction efforts in the first five months of 2022 to full commercial production of Tyvaso DPI thereafter.
R&D expenses for the nine months ended September 30, 2023 were $22.0 million compared to $12.6 million for the same period in 2022. The $9.5 million increase was primarily attributed to development activities for MNKD-101, an Afrezza post-marketing clinical study (INHALE-3) which commenced in the second quarter of 2023, increased headcount, and increased costs associated with other pipeline products.
Selling expenses for the nine months ended September 30, 2023 were $40.8 million compared to $42.1 million for the same period in 2022. The $1.4 million decrease was primarily due to the termination of an Afrezza pilot promotional effort targeting primary care physicians, which ended in the third quarter of 2022, partially offset by increased headcount and promotional activities after the acquisition of V-Go in the second quarter of 2022.
General and administrative expenses for the nine months ended September 30, 2023 were $33.0 million compared to $27.2 million for the same period in 2022. The $5.8 million increase was primarily attributable to personnel costs, including stock-based compensation and headcount.
Interest income was $4.4 million for the nine months ended September 30, 2023 compared to $1.6 million for the same period in 2022. The increase was primarily due to higher yields on our marketable securities and money market funds.
Interest expense on notes and milestone rights was $12.5 million and interest expense on financing liability was $7.3 million for the nine months ended September 30, 2023 and remained consistent with the same period in 2022.
Gain on available-for-sale securities for the nine months ended September 30, 2023 was $0.9 million as a result of the change in the fair value of the investment that related to credit risk.
Cash, cash equivalents and investments as of September 30, 2023 were $144.3 million.
Non-GAAP Measures
To supplement our unaudited condensed consolidated financial statements presented under U.S. generally accepted accounting principles (GAAP), we are presenting non-GAAP income (loss) from operations, non-GAAP net income (loss) and non-GAAP net income (loss) per share, which are non-GAAP financial measures. We are providing these non-GAAP financial measures to disclose additional information to facilitate the comparison of past and present operations, and they are among the indicators management uses as a basis for evaluating our financial performance. We believe that these non-GAAP financial measures, when considered together with our GAAP financial results, provide management and investors with an additional understanding of our business operating results, including underlying trends.
These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures; should be read in conjunction with our unaudited condensed consolidated financial statements prepared in accordance with GAAP; have no standardized meaning prescribed by GAAP; and are not prepared under any comprehensive set of accounting rules or principles. In addition, from time to time in the future there may be other items that we may exclude for purposes of our non-GAAP financial measures; and we may in the future cease to exclude items that we have historically excluded for purposes of our non-GAAP financial measures. Likewise, we may determine to modify the nature of its adjustments to arrive at our non-GAAP financial measures. Because of the non-standardized definitions of non-GAAP financial measures, the non-GAAP financial measures as used by us in this report have limits in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.
The following tables reconcile our financial measure for income (loss) from operations, net income (loss) and earnings (loss) per share ("EPS") for basic and diluted weighted average shares as reported in our condensed consolidated statement of operations to a non-GAAP presentation as adjusted for the non-cash stock-based
compensation expense, non-cash gain on foreign currency transaction and non-cash gain on available-for-sale securities for the periods presented:
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Three Months |
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Nine Months |
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Ended September 30, |
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Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(In thousands except per share data) |
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GAAP income (loss) from operations |
$ |
5,097 |
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$ |
(9,610 |
) |
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$ |
820 |
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$ |
(51,320 |
) |
Increase (decrease) for excluded non-cash items: |
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Stock compensation |
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4,601 |
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3,622 |
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13,836 |
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10,850 |
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Gain on foreign currency transaction |
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(2,065 |
) |
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(1,799 |
) |
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(860 |
) |
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(8,285 |
) |
Non-GAAP income (loss) from operations |
$ |
7,633 |
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$ |
(7,787 |
) |
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$ |
13,796 |
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$ |
(48,755 |
) |
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GAAP net income (loss) |
$ |
1,721 |
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$ |
(14,432 |
) |
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$ |
(13,339 |
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$ |
(69,453 |
) |
Increase (decrease) for excluded non-cash items: |
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Stock compensation |
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4,601 |
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3,622 |
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13,836 |
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10,850 |
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Gain on foreign currency transaction |
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(2,065 |
) |
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(1,799 |
) |
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(860 |
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(8,285 |
) |
Gain on available-for-sale securities |
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— |
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— |
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(932 |
) |
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— |
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Non-GAAP net income (loss) |
$ |
4,257 |
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$ |
(12,609 |
) |
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$ |
(1,295 |
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$ |
(66,888 |
) |
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GAAP net income (loss) per share - basic |
$ |
0.01 |
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$ |
(0.06 |
) |
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$ |
(0.05 |
) |
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$ |
(0.27 |
) |
Increase (decrease) for excluded non-cash items: |
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Stock compensation |
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0.02 |
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0.01 |
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0.05 |
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0.04 |
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Gain on foreign currency transaction |
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(0.01 |
) |
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(0.01 |
) |
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0.00 |
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(0.03 |
) |
Gain on available-for-sale securities |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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Non-GAAP net income (loss) per share - basic |
$ |
0.02 |
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$ |
(0.06 |
) |
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$ |
(0.00 |
) |
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$ |
(0.26 |
) |
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GAAP net income (loss) per share - diluted |
$ |
0.01 |
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$ |
(0.06 |
) |
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$ |
(0.05 |
) |
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$ |
(0.27 |
) |
Increase (decrease) for excluded non-cash items: |
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Stock compensation |
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0.01 |
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0.01 |
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0.05 |
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0.04 |
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Gain on foreign currency transaction |
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(0.01 |
) |
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(0.01 |
) |
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0.00 |
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(0.03 |
) |
Gain on available-for-sale securities |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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Non-GAAP net income (loss) per share - diluted |
$ |
0.01 |
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$ |
(0.06 |
) |
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$ |
(0.00 |
) |
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$ |
(0.26 |
) |
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Weighted average shares - basic |
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268,732 |
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259,300 |
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266,126 |
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254,974 |
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Weighted average shares - diluted |
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323,770 |
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259,300 |
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266,126 |
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254,974 |
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Conference Call
MannKind will host a conference call and presentation webcast to discuss these results today at 5:00 p.m. Eastern Time. Those interested in listening to the conference call live via the Internet may do so by visiting the Company’s website at mannkindcorp.com under Events & Presentations. A replay will be available on MannKind's website for 14 days.
About MannKind
MannKind Corporation (Nasdaq: MNKD) focuses on the development and commercialization of inhaled therapeutic products for patients with endocrine and orphan lung diseases.
We are committed to using our formulation capabilities and device engineering prowess to lessen the burden of diseases such as diabetes, pulmonary arterial hypertension (PAH) and nontuberculous mycobacterial (NTM) lung disease. Our signature technologies – dry-powder formulations and inhalation devices – offer rapid and convenient delivery of medicines to the deep lung where they can exert an effect locally or enter the systemic circulation.
With a passionate team of Mannitarians collaborating nationwide, we are on a mission to give people control of their health and the freedom to live life.
Please visit mannkindcorp.com to learn more, and follow us on LinkedIn, Facebook, Twitter or Instagram.
Forward-Looking Statements
Statements in this press release that are not statements of historical fact are forward-looking statements that involve risks and uncertainties. These statements include, without limitation, statements regarding the continued success of Tyvaso DPI, the execution of our commercial operating plan and the potential for our revenue from the sales of Tyvaso DPI to fund our pipeline. Words such as “believes”, “anticipates”, “plans”, “expects”, “intend”, “will”, “goal”, “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon MannKind’s current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, risks associated with manufacturing and supply, risks associated with product commercialization, risks associated with developing product candidates, risks associated with MannKind’s ability to manage its existing cash resources or raise additional cash resources, and other risks detailed in MannKind’s filings with the Securities and Exchange Commission (“SEC”), including under the “Risk Factors” heading of its Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 23, 2023, and under the “Risk Factors” heading of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, being filed with the SEC later today. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
Tyvaso DPI is a trademark of United Therapeutics Corporation.
AFREZZA, MANNKIND, and V-GO are registered trademarks of MannKind Corporation.
# # #
MannKind Contact:
Rose Alinaya, Investor Relations
(818) 661-5000
IR@mannkindcorp.com
MANNKIND CORPORATION AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
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Three Months
Ended September 30, |
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Nine Months
Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(In thousands except per share data) |
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Revenues: |
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Net revenue – commercial product sales |
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$ |
17,927 |
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$ |
16,259 |
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$ |
53,834 |
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$ |
38,807 |
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Revenue – collaborations and services |
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13,108 |
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10,346 |
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35,705 |
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|
18,380 |
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Royalties – collaborations |
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20,218 |
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|
6,220 |
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|
50,951 |
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|
|
6,524 |
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Total revenues |
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51,253 |
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32,825 |
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140,490 |
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63,711 |
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Expenses: |
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Cost of goods sold |
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3,995 |
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5,021 |
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14,749 |
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11,922 |
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Cost of revenue – collaborations and services |
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10,259 |
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|
12,439 |
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29,955 |
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29,451 |
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Research and development |
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9,989 |
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4,136 |
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22,047 |
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12,565 |
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Selling |
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13,440 |
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13,541 |
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40,752 |
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42,137 |
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General and administrative |
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10,538 |
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|
9,097 |
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33,027 |
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|
27,241 |
|
Gain on foreign currency transaction |
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(2,065 |
) |
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|
(1,799 |
) |
|
|
(860 |
) |
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|
(8,285 |
) |
Total expenses |
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46,156 |
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|
42,435 |
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|
139,670 |
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|
115,031 |
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Income (loss) from operations |
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|
5,097 |
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|
|
(9,610 |
) |
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|
820 |
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|
|
(51,320 |
) |
Other income (expense): |
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Interest income, net |
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1,580 |
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|
|
663 |
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|
|
4,429 |
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|
|
1,556 |
|
Interest expense on financing liability |
|
|
(2,459 |
) |
|
|
(2,466 |
) |
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|
(7,332 |
) |
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|
(7,280 |
) |
Interest expense |
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|
(2,815 |
) |
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|
(2,812 |
) |
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|
(12,474 |
) |
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|
(12,202 |
) |
Gain on available-for-sale securities |
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|
— |
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|
— |
|
|
|
932 |
|
|
|
— |
|
Other income (expense) |
|
|
318 |
|
|
|
(207 |
) |
|
|
286 |
|
|
|
(207 |
) |
Total other expense |
|
|
(3,376 |
) |
|
|
(4,822 |
) |
|
|
(14,159 |
) |
|
|
(18,133 |
) |
Income (loss) before income tax expense |
|
|
1,721 |
|
|
|
(14,432 |
) |
|
|
(13,339 |
) |
|
|
(69,453 |
) |
Benefit from income taxes |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net income (loss) |
|
$ |
1,721 |
|
|
$ |
(14,432 |
) |
|
$ |
(13,339 |
) |
|
$ |
(69,453 |
) |
Net income (loss) per share – basic |
|
$ |
0.01 |
|
|
$ |
(0.06 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.27 |
) |
Weighted average shares used to compute net income (loss)
per share – basic |
|
|
268,732 |
|
|
|
259,300 |
|
|
|
266,126 |
|
|
|
254,974 |
|
Net income (loss) per share – diluted |
|
$ |
0.01 |
|
|
$ |
(0.06 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.27 |
) |
Weighted average shares used to compute net income (loss)
per share – diluted |
|
|
323,770 |
|
|
|
259,300 |
|
|
|
266,126 |
|
|
|
254,974 |
|
MANNKIND CORPORATION AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
December 31, 2022 |
|
|
|
(In thousands except share
and per share data) |
|
ASSETS |
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
83,016 |
|
|
$ |
69,767 |
|
Short-term investments |
|
|
58,000 |
|
|
|
101,079 |
|
Accounts receivable, net |
|
|
21,822 |
|
|
|
16,801 |
|
Inventory |
|
|
27,117 |
|
|
|
21,772 |
|
Prepaid expenses and other current assets |
|
|
35,620 |
|
|
|
25,477 |
|
Total current assets |
|
|
225,575 |
|
|
|
234,896 |
|
Property and equipment, net |
|
|
80,411 |
|
|
|
45,126 |
|
Goodwill |
|
|
1,931 |
|
|
|
2,428 |
|
Other intangible asset |
|
|
1,093 |
|
|
|
1,153 |
|
Long-term investments |
|
|
3,271 |
|
|
|
1,961 |
|
Other assets |
|
|
8,047 |
|
|
|
9,718 |
|
Total assets |
|
$ |
320,328 |
|
|
$ |
295,282 |
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' DEFICIT |
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
Accounts payable |
|
$ |
16,754 |
|
|
$ |
11,052 |
|
Accrued expenses and other current liabilities |
|
|
32,098 |
|
|
|
35,553 |
|
Financing liability – current |
|
|
9,747 |
|
|
|
9,565 |
|
Midcap credit facility – current |
|
|
20,000 |
|
|
|
— |
|
Deferred revenue – current |
|
|
3,670 |
|
|
|
1,733 |
|
Recognized loss on purchase commitments – current |
|
|
14,105 |
|
|
|
9,393 |
|
Total current liabilities |
|
|
96,374 |
|
|
|
67,296 |
|
Mann Group convertible note |
|
|
8,829 |
|
|
|
8,829 |
|
Accrued interest – Mann Group convertible note |
|
|
57 |
|
|
|
55 |
|
Financing liability – long term |
|
|
94,375 |
|
|
|
94,512 |
|
Midcap credit facility – long term |
|
|
17,921 |
|
|
|
39,264 |
|
Senior convertible notes |
|
|
226,487 |
|
|
|
225,397 |
|
Recognized loss on purchase commitments – long term |
|
|
50,534 |
|
|
|
62,916 |
|
Operating lease liability |
|
|
4,289 |
|
|
|
5,343 |
|
Deferred revenue – long term |
|
|
69,469 |
|
|
|
37,684 |
|
Milestone liabilities |
|
|
3,772 |
|
|
|
4,524 |
|
Total liabilities |
|
|
572,107 |
|
|
|
545,820 |
|
Stockholders' deficit: |
|
|
|
|
|
|
Undesignated preferred stock, $0.01 par value – 10,000,000 shares
authorized; no shares issued or outstanding as of September 30, 2023
and December 31, 2022 |
|
|
— |
|
|
|
— |
|
Common stock, $0.01 par value – 800,000,000 and 400,000,000 shares
authorized as of September 30, 2023 and December 31, 2022, respectively,
and 269,543,539 and 263,793,305 shares issued and outstanding as of
September 30, 2023 and December 31, 2022, respectively |
|
|
2,695 |
|
|
|
2,638 |
|
Additional paid-in capital |
|
|
2,975,891 |
|
|
|
2,964,293 |
|
Accumulated other comprehensive income |
|
|
443 |
|
|
|
— |
|
Accumulated deficit |
|
|
(3,230,808 |
) |
|
|
(3,217,469 |
) |
Total stockholders' deficit |
|
|
(251,779 |
) |
|
|
(250,538 |
) |
Total liabilities and stockholders' deficit |
|
$ |
320,328 |
|
|
$ |
295,282 |
|
v3.23.3
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|
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