Surrozen, Inc NT 10-K, filed Apr 2, 2024

Surrozen, Inc. (SRZN)

NT 10-K 2024-04-02 For: 2024-04-02

Added on October 22, 2026



(Check One):		☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR

		For Period Ended: December 31, 2023

		☐ Transition Report on Form 10-K

		☐ Transition Report on Form 20-F

		☐ Transition Report on Form 11-K

		☐ Transition Report on Form 10-Q

		For the transition period ended:



☒	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.


	Year Ended December 31,
	2023			2022
Collaboration and license revenue	$	—		$	12,500
Operating expenses:
Research and development		27,230			37,013
General and administrative		15,798			19,826
Restructuring		2,752			—
Total operating expenses		45,780			56,839
Loss from operations		(45,780	)		(44,339	)
Interest income		2,340			781
Other income, net		398			7,554
Net loss	$	(43,042	)	$	(36,004	)

Net loss per share attributable to common stockholders, basic and diluted	$	(21.33	)	$	(15.56	)

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted		2,018			2,314


	December 31,
	2023			2022
Assets
Current assets:
Cash and cash equivalents	$	36,043		$	24,690
Accounts receivable		2,152			1,978
Short-term marketable securities		—			51,148
Prepaid expenses and other current assets		2,937			3,489
Total current assets		41,132			81,305

Property and equipment, net		1,969			3,630
Operating lease right-of-use assets		1,889			3,268
Restricted cash		688			405
Other assets		402			827
Total assets	$	46,080		$	89,435

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	525		$	658
Accrued and other liabilities		4,126			6,848
Lease liabilities, current portion		2,497			2,226
Total current liabilities		7,148			9,732

Lease liabilities, noncurrent portion		882			3,376
Warrant liabilities		115			326
Total liabilities		8,145			13,434

Stockholders’ equity:
Preferred stock		—			—
Common stock		—			—
Additional paid-in-capital		259,630			254,895
Accumulated other comprehensive loss		—			(241	)
Accumulated deficit		(221,695	)		(178,653	)
Total stockholders’ equity		37,935			76,001
Total liabilities and stockholders’ equity	$	46,080		$	89,435