Overview
- TickerAPUS on NYSE1
- IndustryPharmaceutical Preparations1
- HeadquartersMatawan, New Jersey1
- Incorporated inDE2
- Business address100 Matawan Rd, Suite 325, Matawan, Nj 077472
- Filer category, Emerging growth company2
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The Closing occurred simultaneously with the execution and delivery of the Merger Agreement on the Closing Date.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development expenses | $1.6M | |
| General and administrative expenses | $10.3M | $1.3M |
| Total operating expenses | $11.9M | $1.3M |
| Loss from operations | -$11.9M | -$1.3M |
| Unrealized gain from changes in fair value of digital assets | $1.8M | |
| Realized gain on sale of digital assets | $4.2M | |
| Trading gains, net | $97 | |
| Foreign currency gains/(losses), net | -$521 | |
| Change in FV of warrant liability | $22.4K | |
| Change in FV of derivative | $55.1K | |
| Interest income | $107.6K | $2.8K |
| Interest expense | -$283.0K | -$117.7K |
| Total other income (expense) | $5.9M | -$114.9K |
| Net loss | -$6.0M | -$1.4M |
| Net loss per common share - basic (in Dollars per share) | -$0.55 | -$0.18 |
| Net loss per common share - diluted (in Dollars per share) | -$0.55 | -$0.18 |
| Weighted average common shares outstanding - basic (in Shares) | 10.9M shares | 7.9M shares |
| Weighted average common shares outstanding - Diluted (in Shares) (in Shares) | 10.9M shares | 7.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash & Cash Equivalents | $1.6M | $3.5K | |
| Restricted Cash | $8.0M | ||
| Short Term Investments | $2.0M | ||
| Prepaid Expenses | $2.3M | $9.6K | |
| Other Current Assets | $48.5K | ||
| Total current assets | $14.0M | $13.1K | |
| Digital assets, at fair value | $149.9M | ||
| Long-term portion of prepaid expenses | $75.5K | ||
| Operating Lease ROU Asset | $187.4K | ||
| Property and Equipment, net | $51.6K | ||
| Total assets | $164.2M | $13.1K | |
| Accounts payable and accrued expenses | $918.6K | $591.2K | |
| Accrued offering costs | $500.0K | ||
| Accrued interest - related party | $28.0K | $106.6K | |
| Advance payable to related party | $12.0K | $76.5K | |
| Notes payable - related party | $500.1K | $250.0K | |
| Derivative Liability | $1.6M | ||
| Convertible Notes, net | $7.1M | ||
| Operating Lease Liability | $39.6K | ||
| Total current liabilities | $10.7M | $1.0M | |
| Long-Term Portion of Operating Lease Liability | $129.5K | ||
| Long-term convertible notes payable related party | $346.8K | ||
| Total liabilities | $10.8M | $1.4M | |
| Preferred stock, par value $0.01, 10,000,000 shares authorized: 7,477,017 and none issued and outstanding at December 31,2025 and 2024, respectively | $74.8K | ||
| Common stock, par value $0.01, 100,000,000 shares authorized; 12,575,983 and 7,903,850 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $125.8K | $79.0K | |
| Additional paid-in capital | $163.5M | $3.0M | |
| Retained Earnings (Deficit) | -$10.4M | -$4.4M | |
| Total shareholders equity (deficit) | $153.3M | -$1.4M | $31.9K |
| Total liabilities and shareholders equity | $164.2M | $13.1K | |
| Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in Shares) | 7.5M shares | ||
| Preferred stock, shares outstanding (in Shares) | 7.5M shares | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in Shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in Shares) | 12.6M shares | 7.9M shares | |
| Common stock, shares outstanding (in Shares) | 12.6M shares | 7.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash & Cash Equivalents | $1.6M | $3.5K | |
| Restricted Cash | $8.0M | ||
| Short Term Investments | $2.0M | ||
| Prepaid Expenses | $2.3M | $9.6K | |
| Other Current Assets | $48.5K | ||
| Total current assets | $14.0M | $13.1K | |
| Digital assets, at fair value | $149.9M | ||
| Long-term portion of prepaid expenses | $75.5K | ||
| Operating Lease ROU Asset | $187.4K | ||
| Property and Equipment, net | $51.6K | ||
| Total assets | $164.2M | $13.1K | |
| Accounts payable and accrued expenses | $918.6K | $591.2K | |
| Accrued offering costs | $500.0K | ||
| Accrued interest - related party | $28.0K | $106.6K | |
| Advance payable to related party | $12.0K | $76.5K | |
| Notes payable - related party | $500.1K | $250.0K | |
| Derivative Liability | $1.6M | ||
| Convertible Notes, net | $7.1M | ||
| Operating Lease Liability | $39.6K | ||
| Total current liabilities | $10.7M | $1.0M | |
| Long-Term Portion of Operating Lease Liability | $129.5K | ||
| Long-term convertible notes payable related party | $346.8K | ||
| Total liabilities | $10.8M | $1.4M | |
| Preferred stock, par value $0.01, 10,000,000 shares authorized: 7,477,017 and none issued and outstanding at December 31,2025 and 2024, respectively | $74.8K | ||
| Common stock, par value $0.01, 100,000,000 shares authorized; 12,575,983 and 7,903,850 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $125.8K | $79.0K | |
| Additional paid-in capital | $163.5M | $3.0M | |
| Retained Earnings (Deficit) | -$10.4M | -$4.4M | |
| Total shareholders equity (deficit) | $153.3M | -$1.4M | $31.9K |
| Total liabilities and shareholders equity | $164.2M | $13.1K | |
| Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in Shares) | 7.5M shares | ||
| Preferred stock, shares outstanding (in Shares) | 7.5M shares | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in Shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in Shares) | 12.6M shares | 7.9M shares | |
| Common stock, shares outstanding (in Shares) | 12.6M shares | 7.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$6.0M | -$1.4M |
| Stock based compensation - Common Stock Grants | $1.7M | |
| Stock based compensation - stock options and warrants | $1.6M | |
| Change in fair value of warrant liability | -$22.4K | |
| Change in fair value of derivative liability | -$55.1K | |
| Depreciation expense | $5.7K | |
| Interest expense | $283.0K | $117.7K |
| Unrealized gain from changes in fair value of digital assets | -$6.0M | |
| Non-cash digital asset operating expenses | $2.4M | |
| Prepaid expenses and other current assets | -$2.4M | $2.0K |
| Deferred offering costs related to the merger | -$408.2K | $536.8K |
| Net cash used in operating activities | -$8.9M | -$733.5K |
| Cash from short term investments | -$2.0M | |
| Restricted cash | -$8.0M | |
| Purchases of PP&E | -$57.3K | |
| Cash paid to acquire operating lease | -$18.4K | |
| Cash acquired in accordance with merger | $15.3K | |
| Net cash used in investing activities | -$10.1M | |
| Cash proceeds from issuance of common stock in IPO | $11.6M | |
| Proceeds from notes payable - related parties | $250.1K | $250.0K |
| Proceeds from PIPE convertible note | $10.0M | |
| Payment of debt issuance costs | -$946.0K | |
| Cash advances from related parties | $29.3K | $76.5K |
| Cash advances paid to related parties | -$343.8K | |
| Net cash provided by financing activities | $20.6M | $326.5K |
| Net increase (decrease) in cash, cash equivalents | $1.6M | -$407.0K |
| Net Assets Acquired in the Merger | $15.3K | |
| Operating Lease | -$18.4K |
No quarter-by-quarter statement was filed.
Compare Apimeds Pharmaceuticals US, Inc. with another company
Corporate structure
Apimeds Pharmaceuticals US, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Apimeds Pharmaceuticals US, Inc.
- Inscobee Inc. Filed SCHEDULE 13D/A on Apimeds Pharmaceuticals US, Inc., latest May 7, 2026 (5 filings since May 19, 2025)
- Ayrton Capital LLC Filed SCHEDULE 13G on Apimeds Pharmaceuticals US, Inc., latest Feb 11, 2026
- Apimeds Pharmaceuticals US, Inc. Matawan, New Jersey
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Apimeds Pharmaceuticals US, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $51.6K5 Dec 31, 2025 | ||
| Operating-lease assets (leased space) | $187.4K5 Dec 31, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.6M5 Dec 31, 2025 | $3.5K5 Dec 31, 2024 | +47270.6% |
| Marketable securities, current | $2.0M5 Dec 31, 2025 | ||
| Deposits held (banks) | $8.0M5 Dec 31, 2025 |
Properties, in its own words
Our principal executive offices are located at 100 Matawan Rd, Suite 325, Matawan, New Jersey 07747. Our Digital Asset Treasury business operations are headquartered at 60 Paya Lebar Road #04-23, Singapore 409051.
We do not own any real property. We believe our current facilities are suitable for our current operations.
Item 2 of the 10-K filed May 4, 2026.3
Leadership
Who has led Apimeds Pharmaceuticals US, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerErik Emerson May 8, 2025 to now8
- Chief financial officerMark Corrao May 8, 2025 to now9
Board members and other officers (6)
- Board memberBennett Weintraub May 8, 2025 to now10
- Board memberCarol A. O'Donnell May 8, 2025 to now11
- Board memberElona Kogan Esq. May 8, 2025 to now12
- Board memberErik Emerson May 8, 2025 to now8
- Board memberHankil Yoon May 8, 2025 to now13
- Board memberJakap Koo May 8, 2025 to now14
Timeline
- Oct 13, 20268-K Other events15
- Oct 1, 20268-K Executive or director change16
- Sep 29, 20268-K Other events17
- Sep 23, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed18
- Sep 11, 20268-K Entered a material agreement; Executive or director change19
- Aug 21, 20268-K Entered a material agreement20
- Aug 6, 20268-K Other events21
- Jul 13, 20268-K Other events22
- May 5, 20268-K Executive or director change23
- May 4, 20268-K Entered a material agreement; Executive or director change; Other events24
- Apr 22, 20268-K Listing notice or transfer25
- Apr 16, 20268-K Other events26
- May 8, 2025New chief executive Erik Emerson becomes CEO8
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/202627
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
127 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 28 major events, 35 insider forms, 6 large holders, 50 other. The latest 20:
- Oct 13, 20268-K CURRENT REPORT EDGAR
- Oct 1, 20268-K CURRENT REPORT EDGAR
- Sep 29, 20268-K CURRENT REPORT EDGAR
- Sep 23, 20268-K CURRENT REPORT EDGAR
- Sep 11, 20268-K CURRENT REPORT EDGAR
- Aug 21, 20268-K CURRENT REPORT EDGAR
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- Aug 6, 20268-K CURRENT REPORT EDGAR
- Jul 13, 20268-K CURRENT REPORT EDGAR
- May 26, 202610-Q QUARTERLY REPORT EDGAR
- May 15, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- May 7, 2026SCHEDULE 13D/A EDGAR
- May 5, 20268-K CURRENT REPORT EDGAR
- May 4, 202610-K ANNUAL REPORT EDGAR
- May 4, 20268-K CURRENT REPORT EDGAR
- Apr 22, 20268-K EDGAR
- Apr 16, 20268-K CURRENT REPORT EDGAR
- Apr 9, 2026425 AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Apr 9, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Mar 31, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
The 127 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 14, 2025 | Kim ChristopherChairman and CMO | Buy | 7,730 | $1.86 | $14.4K | Form 4 |
| May 13, 2025 | Kim ChristopherChairman and CMO | Buy | 19,770 | $1.82 | $36.0K | Form 4 |
| May 12, 2025 | Koo JakapDirector | Buy | 28,500 | $1.99 | $56.7K | Form 4 |
| May 12, 2025 | Inscobee Inc.10% owner | Buy | 500,000 | $4.00 | $2.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Inscobee Inc.SCHEDULE 13D/A, 5 filings May 19, 2025 to May 7, 202628
- Ayrton Capital LLCSCHEDULE 13G, 1 filing Feb 11, 202629
SEC filer profile
How Apimeds Pharmaceuticals US, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARApimeds Pharmaceuticals US, Inc.1
- CIK0001894525
- Employer ID (EIN)85-10997003
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address100 Matawan Rd, Suite 325, Matawan, NJ 077471
- Phone848-201-50101
- Shares outstanding1,509,118 as of Aug 12, 20267
- Public float$7.8M as of Jun 30, 20253
- AuditorKreit & Chiu CPA LLP, New York, New York PCAOB ID 6651; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJan 29, 20241
- Filings127 in all: 8-K (25), 4 (22), 3 (9), CORRESP (8), S-1/A (7), UPLOAD (7), 10-Q (5), SCHEDULE 13D/A (4)1
All 31 form types
425 (3), 8-K/A (3), DRS/A (3), DRSLTR (3), NT 10-Q (3), POS AM (3), 10-K (2), 3/A (2), 4/A (2), EFFECT (2), NT 10-K (2), 10-K/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14C (1), DRS (1), FWP (1), PREM14C (1), S-1 (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) May 4, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 | APUS | NYSE |
From the cover page of the 10-K filed May 4, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
Legal proceedings
From time to time, we may be involved in legal proceedings, claims, or regulatory matters arising in the ordinary course of business. As of the date of this Annual Report, we are not a party to any material pending legal proceedings, nor are we aware of any such proceedings contemplated by governmental authorities.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9SEC EDGARMark Corrao, Chief financial officer
- 10SEC EDGARBennett Weintraub, Board member
- 11SEC EDGARCarol A. O'Donnell, Board member
- 12SEC EDGARElona Kogan Esq., Board member
- 13SEC EDGARHankil Yoon, Board member
- 14SEC EDGARJakap Koo, Board member
- 15SEC EDGAROther events
- 16SEC EDGARExecutive or director change
- 17SEC EDGAROther events
- 18
- 19
- 20SEC EDGAREntered a material agreement
- 21SEC EDGAROther events
- 22SEC EDGAROther events
- 23SEC EDGARExecutive or director change
- 24
- 25SEC EDGARListing notice or transfer
- 26SEC EDGAROther events
- 27NasdaqNasdaq calendar
- 28
- 29