$CELZ

JOLLEY MARKETING INC

CIK:0001187953|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 0	$ 0	$ 0	$ 3,000
Cost of revenues	0	0	0	1,200
Gross profit	0	0	0	1,800
OPERATING EXPENSES
Research and development	459,200	501,261	1,000,858	1,244,565
Selling, general and administrative	1,080,045	731,517	1,968,685	1,619,914
Amortization of patent costs	22,918	30,742	51,773	61,319
TOTAL EXPENSES	1,562,163	1,263,520	3,021,316	2,925,798
Operating loss	(1,562,163)	(1,263,520)	(3,021,316)	(2,923,998)
OTHER INCOME/(EXPENSE)
Interest income	50,913	30,217	106,349	52,598
Total other income (expense)	50,913	30,217	106,349	52,598
LOSS BEFORE PROVISION FOR INCOME TAXES	(1,511,250)	(1,233,303)	(2,914,967)	(2,871,400)
Provision for income taxes	0	0	0	0
NET LOSS	(1,511,250)	(1,233,303)	(2,914,967)	(2,871,400)
Net income attributable to non-controlling interest	726	0	2,086	0
NET LOSS ATTRIBUTABLE TO CMTH	$ (1,511,976)	$ (1,233,303)	$ (2,917,053)	$ (2,871,400)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (0.41)	$ (0.48)	$ (0.79)	$ (1.26)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	3,701,668	2,580,532	3,701,668	2,282,290

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,914,967)	$ (2,871,400)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	0	3,485
Amortization of intangible assets	51,773	61,319
Amortization of note receivable premium	(7,254)	0
Changes in assets and liabilities:
Inventory	0	1,200
Prepaids and other current assets	68,344	105,114
Accounts payable	6,549	(10,080)
Accrued expenses	0	(39,920)
Net cash used in operating activities	(2,795,555)	(2,750,282)
CASH FLOWS FROM INVESTING ACTIVITIES:
Issuance of note receivable	(50,000)	0
Investment in related entity	(125,000)	0
Net cash used in investing activities	(175,000)	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Contribution from minority member	12,000	0
Purchase of treasury stock	0	(10,000)
Proceeds from exercise of warrants, net of issuance costs	4,464,544	3,364,000
Net cash provided by financing activities	4,476,544	3,354,000
NET CHANGE IN CASH	1,505,989	603,718
BEGINNING CASH BALANCE	7,208,126	5,940,402
ENDING CASH BALANCE	8,714,115	6,554,120
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash payments for interest	0	0
Cash payments for income taxes	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Offering costs in accounts payable	$ 407,164	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash	$ 8,714,115	$ 7,208,126
Investments in related entity	125,000	0
Note receivable, net of premium	109,338	52,084
Prepaids and other current assets	70,460	138,804
Total Current Assets	9,018,913	7,399,014
OTHER ASSETS
Other assets	3,281	3,281
Licenses, net of amortization	355,459	407,230
TOTAL ASSETS	9,377,653	7,809,525
CURRENT LIABILITIES
Accounts payable	684,401	270,686
Advances from related party	14,194	14,194
Total Current Liabilities	698,595	284,880
TOTAL LIABILITIES	698,595	284,880
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 10,000,000 shares authorized at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value, 25,000,000 shares authorized; 6,497,008 and 3,701,668 issued; 6,492,008 and 3,696,668 outstanding at June 30, 2026 and December 31, 2025, respectively	6,491	3,144
Additional paid-in capital	82,162,455	78,108,422
Accumulated deficit	(73,503,974)	(70,586,921)
Treasury stock, at cost, 5,000 shares as of June 30, 2026 and December 31, 2025	(10,000)	(10,000)
TOTAL STOCKHOLDERS' EQUITY	8,654,972	7,514,645
Non-controlling interest	24,086	10,000
TOTAL EQUITY ATTRIBUTABLE TO CMTH	8,679,058	7,524,645
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 9,377,653	$ 7,809,525