Annual report pursuant to Section 13 and 15(d)

Significant Transactions (Tables)

v3.24.3
Significant Transactions (Tables) - RubrYc Therapeutics
12 Months Ended
Jun. 30, 2024
Asset Purchase Agreement  
Summary of Purchase Price Allocation of Asset Acquisition

Intangible assets

$

1,228,000

Fixed assets

114,000

$

1,342,000

Stock Purchase Agreement  
Summary of Purchase Price Allocation of Asset Acquisition

The Company accounted for the agreements as an asset purchase and allocated the purchase price of $7,500,000 as follows:

Preferred stock

$

1,760,000

Intangible assets

4,300,000

Prepaid expenses

1,440,000

$

7,500,000