NEXGEL, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies and Estimates (Policies)
Notes Tables
Notes Details

Description of Business, the Spin-off and Basis of Presentation (Tables)

Description of Business, the Spin-off and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2021

Description of Business, the Spin-off and Basis of Presentation.

Schedule of net liabilities assumed pursuant to Spin-Off and in exchange

Pursuant to the Spin-Off and in exchange for the 143,006 shares of common stock, NexGel assumed the following net liabilities from Parent as of June 21, 2019 ($ in thousands):


Assets:
Cash	$	186
Accounts receivable, net		72
Inventory		140
Prepaid expenses and other current assets		101
Property and equipment, net		155
Operating lease - right of use asset		976
Other assets		178
Total assets		1,808

Liabilities:
Accounts payable		(496)
Accrued expenses and other current liabilities		(395)
Operating lease liability		(976)

Total liabilities		(1,867)
Net liabilities assumed in Spin-Off on June 21, 2019	$	(59)