10-Q Filing

ENZON PHARMACEUTICALS, INC. CIK: 727510 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-002306`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	enzn-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 64 Cash Flow Statement 25 Stockholders Equity 30

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.98M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$405.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$329.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.89M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$111.00K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$202.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$47.59M	USD	Point-in-time
Total assets	`Assets`	$47.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.96M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.96M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$331.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$337.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$69.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$93.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Dividends payable on Series C preferred stock	`DividendsPayableCurrent`	$1.27M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	74.21M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	74.21M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$406.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	74.21M	shares	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	74.21M	shares	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, authorized 2,960,000 shares; no shares issued and outstanding at September 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value, authorized 2,960,000 shares; no shares issued and outstanding at September 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value, authorized 170,000,000 shares; issued and outstanding 74,214,603 shares at September 30, 2023 and December 31, 2022	`CommonStockValue`	$742.00K	USD	Point-in-time
Common stock - $0.01 par value, authorized 170,000,000 shares; issued and outstanding 74,214,603 shares at September 30, 2023 and December 31, 2022	`CommonStockValue`	$742.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$73.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$74.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-72.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.76M	USD	Point-in-time
Total liabilities, mezzanine equity and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$47.00M	USD	Point-in-time
Total liabilities, mezzanine equity and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$47.59M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Royalties and milestones, net	`RoyaltyRevenueAndMilestones`	-	USD	3 Qtrs
Royalties and milestones, net	`RoyaltyRevenueAndMilestones`	-	USD	3 Qtrs
Royalties and milestones, net	`RoyaltyRevenueAndMilestones`	-	USD	1 Quarter
Royalties and milestones, net	`RoyaltyRevenueAndMilestones`	-	USD	1 Quarter
Total revenues	`Revenues`	-	USD	1 Quarter
Total revenues	`Revenues`	-	USD	1 Quarter
Total revenues	`Revenues`	-	USD	3 Qtrs
Total revenues	`Revenues`	-	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$221.00K	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$225.00K	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$821.00K	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$828.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$225.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$821.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$828.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$221.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-821.00K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-225.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-221.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-828.00K	USD	3 Qtrs
Interest and dividend income	`OtherInterestAndDividendIncome`	$208.00K	USD	1 Quarter
Interest and dividend income	`OtherInterestAndDividendIncome`	$622.00K	USD	1 Quarter
Interest and dividend income	`OtherInterestAndDividendIncome`	$300.00K	USD	3 Qtrs
Interest and dividend income	`OtherInterestAndDividendIncome`	$1.62M	USD	3 Qtrs
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.00K	USD	1 Quarter
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-521.00K	USD	3 Qtrs
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$794.00K	USD	3 Qtrs
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$397.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$76.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-2.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$93.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-519.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$701.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-291.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-213.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$321.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$183.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$197.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.00K	USD	1 Quarter
Dividends on Series C preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$1.59M	USD	3 Qtrs
Dividends on Series C preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$531.00K	USD	1 Quarter
Dividends on Series C preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$531.00K	USD	1 Quarter
Dividends on Series C preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$1.59M	USD	3 Qtrs
Net loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-210.00K	USD	1 Quarter
Net loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-546.00K	USD	1 Quarter
Net loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.11M	USD	3 Qtrs
Net loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-892.00K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted-average number of shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	74.22M	shares	1 Quarter
Weighted-average number of shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	74.22M	shares	3 Qtrs
Weighted-average number of shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	74.22M	shares	1 Quarter
Weighted-average number of shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	74.22M	shares	3 Qtrs
Weighted-average number of shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.22M	shares	3 Qtrs
Weighted-average number of shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.22M	shares	1 Quarter
Weighted-average number of shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.22M	shares	1 Quarter
Weighted-average number of shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.22M	shares	3 Qtrs

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$701.00K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-519.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$76.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$91.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-58.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$270.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$850.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-789.00K	USD	3 Qtrs
Preferred stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.27M	USD	3 Qtrs
Preferred stock dividend payments	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.27M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-425.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-789.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.85M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.98M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.98M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.56M	USD	Point-in-time
Accretion of dividend for Series C Preferred Stock	`AccretionOfDividendForSeriesCPreferredStock`	$1.59M	USD	3 Qtrs
Accretion of dividend for Series C Preferred Stock	`AccretionOfDividendForSeriesCPreferredStock`	$1.59M	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$4.05M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$3.41M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$3.30M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$3.07M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$2.73M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$4.87M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$2.52M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$2.76M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-519.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$701.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-291.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-213.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$321.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$183.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$197.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.00K	USD	1 Quarter
Preferred stock dividend accretion	`DividendsPreferredStockStock`	$531.00K	USD	1 Quarter
Preferred stock dividend accretion	`DividendsPreferredStockStock`	$531.00K	USD	1 Quarter
Preferred stock dividend accretion	`DividendsPreferredStockStock`	$531.00K	USD	1 Quarter
Preferred stock dividend accretion	`DividendsPreferredStockStock`	$531.00K	USD	1 Quarter
Preferred stock dividend accretion	`DividendsPreferredStockStock`	$531.00K	USD	1 Quarter
Preferred stock dividend accretion	`DividendsPreferredStockStock`	$531.00K	USD	1 Quarter
Balance at the ending	`StockholdersEquity`	$4.05M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$3.41M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$3.30M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$3.07M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$2.73M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$4.87M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$2.52M	USD	Point-in-time
Balance at the ending	`StockholdersEquity`	$2.76M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.