Lipocine Inc. (LPCN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 25.24M | 16.88M | 15.93M | 18.42M | 20.33M | 22.32M | 20.5M | 22.91M | 25.32M | 22.86M | 24.61M | 27.08M | 30.61M | 34.14M | 36.11M | 38.08M | 43.5M | 46.38M | 40.37M | 47.16M |
| Cash & Short-Term Investments | 24.73M | 14.93M | 15.13M | 17.94M | 19.72M | 21.63M | 19.82M | 22.55M | 24.63M | 22.04M | 23.85M | 25.79M | 28.87M | 32.53M | 34.26M | 37.4M | 42M | 44.62M | 38.66M | 46.64M |
| Cash Only | 5.02M | 5.21M | 3.9M | 6.04M | 3.35M | 6.21M | 3.74M | 5.55M | 3.08M | 4.77M | 4.07M | 5.01M | 4.77M | 3.15M | 2.4M | 4.98M | 5.73M | 2.95M | 4.52M | 10.97M |
| Short-Term Investments | 19.71M | 9.72M | 11.23M | 11.89M | 16.36M | 15.43M | 16.08M | 17M | 21.55M | 17.26M | 19.78M | 20.78M | 24.1M | 29.38M | 31.86M | 32.41M | 36.27M | 41.67M | 34.15M | 35.67M |
| Accounts Receivable | 0 | 14.19K | 115.27K | 121.73K | 179.03K | 120.45K | 91.48K | 63.64K | 100.13K | 52.25K | 130.5K | 603.66K | 618.49K | 659.86K | 620.2K | 80.41K | 120.09K | 247.25K | 0 | 0 |
| Days Sales Outstanding | - | 5.2 | 95.15 | 21.97 | 143.57 | 2.79 | - | 83.2 | 0.91 | 38.89 | -10.82 | - | 1.05K | - | - | 18.25 | - | 1.41 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 515.86K | 1.93M | 683.8K | 362.63K | 428.8K | 567.91K | 588.82K | 297.05K | 583.09K | 773.42K | 41.06K | 690.9K | 1.13M | 945.32K | 0 | 0 | 0 | 0 | 159.23K | 232.57K |
| Total Non-Current Assets | 113.23K | 128.05K | 143.03K | 157.15K | 173.26K | 188.83K | 194.38K | 122.82K | 131.34K | 139.85K | 138.68K | 3.4M | 3.41M | 3.41M | 3.31M | 4.11M | 4.11M | 6.1M | 23.75K | 23.75K |
| Property, Plant & Equipment | 89.48K | 104.29K | 119.27K | 133.4K | 149.5K | 165.07K | 170.63K | 99.07K | 107.58K | 116.09K | 114.93K | 122.68K | 130.77K | 131.59K | 37.44K | 40.01K | 32.29K | 7.21K | 0 | 0 |
| Fixed Asset Turnover | 1.23x | 10.25x | 0.91x | 4.40x | 0.60x | 20.80x | - | 0.87x | 68.11x | 1.87x | -26.28x | - | 0.42x | - | - | 13.83x | - | 2230.74x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.25M | 3.25M | 3.25M | 0 | 4.05M | 4.05M | 2.02M | 0 | 0 |
| Other Non-Current Assets | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 23.75K | 3.28M | 23.75K | 23.75K | 4.07M | 23.75K | 23.75K |
| Total Assets | 25.36M | 17.01M | 16.07M | 18.58M | 20.5M | 22.51M | 20.7M | 23.03M | 25.45M | 23M | 24.75M | 30.48M | 34.02M | 37.54M | 39.42M | 42.19M | 47.6M | 52.48M | 40.39M | 47.18M |
| Asset Turnover | 0.01x | 0.07x | 0.01x | 0.03x | 0.00x | 0.16x | - | 0.00x | 0.31x | 0.01x | -0.11x | - | 0.00x | - | - | 0.01x | - | 0.35x | 0.00x | - |
| Asset Growth % | 23.7% | -24.45% | -22.35% | -19.34% | -19.44% | -2.13% | -16.38% | -24.44% | -25.21% | -38.73% | -37.22% | -27.75% | -28.53% | -28.47% | -2.39% | -10.57% | -5.88% | 107.01% | 63.18% | 100.89% |
| Total Current Liabilities | 2.53M | 2.53M | 1.93M | 1.45M | 1.3M | 1.51M | 1.58M | 1.82M | 1.49M | 2.63M | 2.24M | 1.83M | 1.93M | 1.68M | 1.51M | 1.71M | 3.52M | 5.62M | 6.43M | 8.81M |
| Accounts Payable | 1.56M | 971.82K | 861.45K | 442.99K | 360.24K | 271.7K | 285.35K | 448.8K | 671.45K | 1.4M | 1.1M | 517.59K | 796.48K | 600.39K | 630.46K | 814K | 469.89K | 1.29M | 725.55K | 906.48K |
| Days Payables Outstanding | 7.7K | 5.63K | - | 17.1 | - | - | - | 27.19 | - | - | - | 23.77 | - | 33.89 | 31.63 | 20.16 | - | 41.12 | 31.72 | 45.5 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.48M | 2.31M | 3.14M | 3.96M |
| Deferred Revenue (Current) | 320K | 320K | 320K | 320K | 320K | 320K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 645.12K | 1.24M | 749.67K | 0 | 0 | 0 | 3.59K | 141.67K | 57.24K | 17.17K | 0 | 0 | 0 | 0 | 0 | 0 | 1.32M | 1M | 1M | 2.5M |
| Current Ratio | 9.99x | 6.68x | 8.25x | 12.71x | 15.64x | 14.75x | 12.97x | 12.56x | 16.99x | 8.69x | 10.98x | 14.82x | 15.86x | 20.34x | 23.89x | 22.23x | 12.36x | 8.26x | 6.28x | 5.35x |
| Quick Ratio | 9.99x | 6.68x | 8.25x | 12.71x | 15.64x | 14.75x | 12.97x | 12.56x | 16.99x | 8.69x | 10.98x | 14.82x | 15.86x | 20.34x | 23.89x | 22.23x | 12.36x | 8.26x | 6.28x | 5.35x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.44K | 104.27K | 131.73K | 229.86K | 264.1K | 590.34K | 1.67M | 1.3M | 1.15M | 2.63M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.44K | 104.27K | 131.73K | 229.86K | 264.1K | 590.34K | 1.67M | 1.3M | 1.15M | 2.63M |
| Total Liabilities | 2.53M | 2.53M | 1.93M | 1.45M | 1.3M | 1.51M | 1.58M | 1.82M | 1.49M | 2.63M | 2.27M | 1.93M | 2.06M | 1.91M | 1.78M | 2.3M | 5.19M | 6.91M | 7.58M | 11.43M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 148.9K | 0 | 0 | 0 | 0 | 0 | 1.48M | 2.31M | 3.27M | 4.18M |
| Net Debt | -5.02M | -5.21M | -3.9M | -6.04M | -3.35M | -6.21M | -3.74M | -5.55M | -3.08M | -4.77M | -3.92M | -5.01M | -4.77M | -3.15M | -2.4M | -4.98M | -4.25M | -639.73K | -1.24M | -6.79M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | 0.01x | - | - | - | - | - | 0.03x | 0.05x | 0.10x | 0.12x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.18x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | -3.98x | - | - | -0.95x | - | - | - | - | - | - | - | - | -0.05x | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -346.75x | - | 394.87x | -67.72x | -117.57x |
| Total Equity | 22.83M | 14.48M | 14.14M | 17.13M | 19.2M | 21M | 19.12M | 21.21M | 23.96M | 20.37M | 22.48M | 28.55M | 31.96M | 35.63M | 37.65M | 39.89M | 42.41M | 45.57M | 32.81M | 35.75M |
| Equity Growth % | 18.91% | -31.05% | -26.02% | -19.24% | -19.85% | 3.08% | -14.97% | -25.72% | -25.04% | -42.84% | -40.29% | -28.42% | -24.64% | -21.8% | 14.74% | 11.59% | 0.04% | 197.03% | 126.15% | 173.18% |
| Book Value per Share | 3.36 | 2.54 | 2.61 | 3.20 | 3.59 | 3.87 | 3.57 | 3.97 | 4.47 | 3.83 | 4.25 | 5.45 | 6.11 | 6.81 | 7.17 | 7.58 | 8.16 | 8.71 | 6.27 | 6.83 |
| Total Shareholders' Equity | 22.83M | 14.48M | 14.14M | 17.13M | 19.2M | 21M | 19.12M | 21.21M | 23.96M | 20.37M | 22.48M | 28.55M | 31.96M | 35.63M | 37.65M | 39.89M | 42.41M | 45.57M | 32.81M | 35.75M |
| Common Stock | 9.08K | 8.94K | 8.87K | 8.87K | 8.86K | 8.86K | 8.86K | 8.86K | 8.86K | 8.86K | 8.86K | 8.85K | 8.85K | 8.85K | 8.85K | 8.85K | 8.85K | 8.83K | 8.83K | 8.83K |
| Retained Earnings | -213.07M | -209.4M | -207.03M | -203.84M | -201.63M | -199.77M | -201.55M | -199.33M | -196.26M | -199.78M | -197.49M | -190.84M | -187.3M | -183.43M | -181.2M | -178.79M | -176.15M | -172.67M | -185.29M | -182.21M |
| Treasury Stock | 0 | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K | -40.71K |
| Accumulated OCI | -7.19K | 4.45K | 4.63K | -1.24K | 5.52K | 9.14K | 9.94K | -9.72K | -10.6K | 7.26K | -14.5K | -15.81K | 3.24K | -20.32K | -76.94K | -84.91K | -67.42K | -18.02K | -3.42K | -186 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |