The unaudited pro forma balance sheet has been filed in order to show compliance with the Nasdaq requirement that the Company maintain a minimum stockholders equity of $2.5 million for continued listing. The Company s in
Thursday, August 14, 2025 1 min read
Key Takeaway: PSTV has filed an unaudited pro forma balance sheet to comply with Nasdaq's requirement of maintaining a minimum stockholders' equity of $2.5 million for continued listing. However, the independent accounting firm has not provided an audit or assurance on the pro forma numbers, raising concerns about potential adjustments. The reported stockholders' equity stands at approximately $3.19 million. This filing indicates the company's efforts to adhere to regulatory standards while also highlighting the uncertainty regarding its financial status.
Market Sentiment Analysis
POSITIVE FACTORS
The company is working to maintain compliance with Nasdaq requirements.
The filing of the pro forma balance sheet signifies proactivity in financial management.
CONCERNS & RISKS
The independent accounting firm has not conducted an audit or review.
There is uncertainty regarding potential adjustments needed on the pro forma balance sheet.
Full Press Release Details
The unaudited pro forma balance sheet has been filed in order to show compliance with the Nasdaq requirement that the Company maintain a minimum
stockholders equity of $2.5 million for continued listing.
The Company s independent registered public accounting firm has not conducted
an audit or review of, and does not express an opinion or any other form of assurance with respect to, the pro forma balance sheet set forth below. It is possible that the Company or its independent registered public accounting firm may identify
items that require the Company to make adjustments to the pro forma balance sheet set forth below.
June 30, 2025
Proforma Adjustments
Proforma
(Unaudited) (in thousands)
Assets
Current assets:
Cash
$
2,233
$
1,646
$
3,879
Investments
4,646
4,646
Grant receivable
1,021
-1,021
Notes receivable
1,314
1,314
Current Assets
9,214
625
9,839
Property and equipment, net
289
289
Operating lease right-of-use assets
29
29
Other assets
45
45
Intangible assets, net
401
401
Equity-based investments
375
375
Total Assets
$
10,350
$
625
$
10,975
Liabilities and Stockholder s Equity
Current liabilities:
Accounts payable and accrued expenses
$
6,359
$
470
$
6,829
Operating lease liability
30
30
Deferred revenues, current
927
927
Total current liabilities
7,316
470
7,786
Stockholder s equity:
Preferred stock, $0.001 par value,
Common stock, $0.001 par value
92
92
Treasury stock
(500
)
(500
)
Additional paid-in capital
509,171
890
510,061
Accumulated deficit
(505,729
)
(735
)
(506,464
)
Total stockholder s equity
3,034
155
3,189
Total Liabilities and Stockholder s Equity
$
10,350
$
625
$
10,975
Frequently Asked Questions
What is the purpose of the unaudited pro forma balance sheet?
It is filed to show compliance with Nasdaq's requirement of a minimum stockholders equity.
Who conducted the audit of the pro forma balance sheet?
The independent registered public accounting firm has not audited or reviewed the balance sheet.
What is the total stockholders equity reported?
The total stockholders equity reported is $3,189,000.
What current assets are included in the balance sheet?
Current assets include cash, investments, grant receivable, and notes receivable.