PCSA on Nasdaq
Processa Pharmaceuticals, Inc.
American pharmaceutical preparations company based in Vero Beach. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerPCSA on Nasdaq2
- IndustryPharmaceutical Preparations2
- HeadquartersVero Beach, United States2
- Incorporated inDE3
- Business address601 21St Street, Suite 300, Vero Beach, Fl 329603
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI529900A51HZIE4XJB9602
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o National Registered Agents, Inc.,1209 Orange Street, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 49610942
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(“NGC”) small molecules, one of which is currently in a Phase 2 trial, while the other is in pre-clinical development.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.12
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development expenses | $7.8M | $7.3M |
| General and administrative expenses | $6.2M | $4.8M |
| Operating Loss | -$14.0M | -$12.1M |
| Other income | $20.0K | |
| Unrealized gain on digital assets at fair value | $295.2K | |
| Interest and dividend income, net | $109.5K | $201.1K |
| Net Operating Loss Before Income Tax Benefit | -$13.6M | -$11.9M |
| Net Loss | -$13.6M | -$11.9M |
| Net Loss Per Common Share - Basic | -$10.36 | -$96.78 |
| Net Loss Per Common Share - Diluted | -$10.36 | -$96.78 |
| Weighted Average Common Shares Used to Compute Net Loss Per Common Shares - Basic | 1.3M shares | 122.4K shares |
| Weighted Average Common Shares Used to Compute Net Loss Per Common Shares - Diluted | 1.3M shares | 122.4K 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.12
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.5M | $1.2M | |
| Prepaid expenses and other | $133.9K | $687.8K | |
| Total Current Assets | $5.7M | $1.9M | |
| Digital assets at fair value | $1.1M | ||
| Prepaid expenses | $993.7K | $1.3M | |
| Equipment, net | $3.8K | $5.0K | |
| Operating lease right-of-use assets, net | $70.7K | ||
| Total Assets | $7.8M | $3.2M | |
| Current maturities of lease liability | $73.0K | ||
| Accounts payable | $1.1M | $880.9K | |
| Accrued expenses | $1.2M | $578.7K | |
| Total Current Liabilities | $2.2M | $1.5M | |
| Non-current lease liability | $487 | ||
| Total Liabilities | $2.2M | $1.5M | |
| Common stock, par value $0.0001, 1,000,000,000 shares authorized; 2,572,114 issued and 2,571,914 outstanding at December 31, 2025 and 148,308 issued and 148,108 outstanding at December 31, 2024 | $257 | $15 | |
| Additional paid-in capital | $106.7M | $89.2M | |
| Treasury stock, 200 shares at cost | -$300.0K | -$300.0K | |
| Accumulated deficit | -$100.8M | -$87.2M | |
| Total Stockholders Equity | $5.6M | $1.7M | $5.0M |
| Total Liabilities and Stockholders Equity | $7.8M | $3.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.0B shares | 100.0M shares | |
| Common stock, shares issued | 2.6M shares | 148.3K shares | |
| Common stock, shares outstanding | 2.6M shares | 148.1K shares | |
| Treasury stock, shares | 200 shares | 200 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.5M | $1.2M | |
| Prepaid expenses and other | $133.9K | $687.8K | |
| Total Current Assets | $5.7M | $1.9M | |
| Digital assets at fair value | $1.1M | ||
| Prepaid expenses | $993.7K | $1.3M | |
| Equipment, net | $3.8K | $5.0K | |
| Operating lease right-of-use assets, net | $70.7K | ||
| Total Assets | $7.8M | $3.2M | |
| Current maturities of lease liability | $73.0K | ||
| Accounts payable | $1.1M | $880.9K | |
| Accrued expenses | $1.2M | $578.7K | |
| Total Current Liabilities | $2.2M | $1.5M | |
| Non-current lease liability | $487 | ||
| Total Liabilities | $2.2M | $1.5M | |
| Common stock, par value $0.0001, 1,000,000,000 shares authorized; 2,572,114 issued and 2,571,914 outstanding at December 31, 2025 and 148,308 issued and 148,108 outstanding at December 31, 2024 | $257 | $15 | |
| Additional paid-in capital | $106.7M | $89.2M | |
| Treasury stock, 200 shares at cost | -$300.0K | -$300.0K | |
| Accumulated deficit | -$100.8M | -$87.2M | |
| Total Stockholders Equity | $5.6M | $1.7M | $5.0M |
| Total Liabilities and Stockholders Equity | $7.8M | $3.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.0B shares | 100.0M shares | |
| Common stock, shares issued | 2.6M shares | 148.3K shares | |
| Common stock, shares outstanding | 2.6M shares | 148.1K shares | |
| Treasury stock, shares | 200 shares | 200 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.12
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$13.6M | -$11.9M |
| Depreciation | $1.2K | $782 |
| Non-cash lease expense for right-of-use assets | $70.7K | $87.2K |
| Unrealized gain on digital assets at fair value | -$295.2K | |
| Stock-based compensation | $857.5K | $629.5K |
| Prepaid expenses and other | $834.7K | -$1.0M |
| Operating lease liability | -$66.9K | -$83.6K |
| Accounts payable | $175.9K | $569.3K |
| Due from related parties | -$39 | |
| Accrued expenses | $600.7K | $432.5K |
| Net cash used in operating activities | -$11.4M | -$11.2M |
| Purchase of digital asset | -$850.0K | |
| Purchase of equipment | -$3.2K | |
| Net cash used in investing activities | -$850.0K | -$3.2K |
| Net proceeds from issuance of common stock | $16.6M | $7.8M |
| Shares withheld to pay taxes on stock-based compensation | -$10.4K | -$15.9K |
| Settlement of stock award | -$8.6K | |
| Payment of finance lease obligation | -$6.6K | -$5.2K |
| Net cash provided by financing activities | $16.6M | $7.7M |
| Net Increase (Decrease) in Cash and Cash Equivalents | $4.3M | -$3.5M |
| Cash paid for interest | $5.6K | $1.2K |
| Issuance of 200 shares of common stock in connection with a licensing agreement which had previously been recorded as a due to licensor | $189.0K | |
| Right-of-use asset obtained in exchange for financing lease liability | $11.8K | |
| Financing lease liability | -$11.8K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Processa Pharmaceuticals, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerGeorge K. Ng Aug 9, 2023 to now13
- Chief financial officerRussell Skibsted Jul 18, 2024 to now14
- Chief financial officerJames H. Stanker Oct 2, 2020 to Aug 2, 202415
- Chief operating officerRobert Michael Floyd Oct 16, 2020 to Feb 10, 202316
Board members and other officers (10)
- Chief Business - Strategy OffPatrick Lin Oct 2, 2020 to now17
- Chief Development OfficerSian Bigora Oct 2, 2020 to now18
- Chief Administrative OfficerWendy Guy Oct 2, 2020 to now19
- Board memberSheila Gujrathi Jul 30, 2026 to now20
- Board memberGeorge K. Ng Oct 10, 2023 to now21
- Board memberKhoso Baluch Jul 11, 2022 to now22
- Board memberJames R. Neal Jul 21, 2022 to now23
- Board memberGeraldine Pannu Oct 2, 2020 to now24
- Board memberJustin W. Yorke Oct 2, 2020 to now25
- Board memberKhalid Islam Nov 13, 2020 to Apr 19, 202226
Former names
- Heatwurx, Inc.Oct 28, 2011 to Oct 20, 20173
Timeline
Filings
423 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 77 major events, 246 insider forms, 14 large holders, 64 other. The latest 20:
- Oct 9, 2026PRE 14A EDGAR
- Oct 9, 2026PRE 14A EDGAR
- Oct 9, 2026S-3 EDGAR
- Oct 5, 20268-K/A EDGAR
- Aug 18, 2026SCHEDULE 13G EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 11, 20264 EDGAR
- Aug 4, 20268-K EDGAR
- Jul 30, 20264 EDGAR
- Jul 30, 20263 EDGAR
- Jul 29, 20268-K EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 1, 20264 EDGAR
The 423 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
69 open-market trades by officers, directors and large owners since October 2021: 66 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | Ng George KChief Executive Officer | Buy | 3,057 | $1.93 | $5.9K | Form 4 |
| Jun 30, 2026 | Guy WendyChief Administrative Officer | Buy | 2,436 | $1.93 | $4.7K | Form 4 |
| Jun 30, 2026 | Lin PatrickChief Business - Strategy Off | Buy | 2,106 | $1.93 | $4.1K | Form 4 |
| Jun 30, 2026 | SKIBSTED RUSSELLChief Financial Officer | Buy | 3,277 | $1.93 | $6.3K | Form 4 |
| Jun 30, 2026 | Young DavidPres. Research & Development | Buy | 2,531 | $1.93 | $4.9K | Form 4 |
| Jun 15, 2026 | Young DavidPres. Research & Development | Buy | 2,067 | $2.22 | $4.6K | Form 4 |
| Jun 15, 2026 | SKIBSTED RUSSELLChief Financial Officer | Buy | 2,654 | $2.22 | $5.9K | Form 4 |
| Jun 15, 2026 | Ng George KChief Executive Officer | Buy | 2,465 | $2.22 | $5.5K | Form 4 |
| Jun 15, 2026 | Lin PatrickChief Business - Strategy Off | Buy | 1,831 | $2.22 | $4.1K | Form 4 |
| Jun 15, 2026 | Guy WendyChief Administrative Officer | Buy | 2,118 | $2.22 | $4.7K | Form 4 |
| May 29, 2026 | Young DavidPres. Research & Development | Buy | 1,786 | $2.57 | $4.6K | Form 4 |
| May 29, 2026 | SKIBSTED RUSSELLChief Financial Officer | Buy | 2,292 | $2.57 | $5.9K | Form 4 |
| May 29, 2026 | Ng George KChief Executive Officer | Buy | 2,129 | $2.57 | $5.5K | Form 4 |
| May 29, 2026 | Lin PatrickChief Business - Strategy Off | Buy | 1,582 | $2.57 | $4.1K | Form 4 |
| May 29, 2026 | Guy WendyChief Administrative Officer | Buy | 1,829 | $2.57 | $4.7K | Form 4 |
| May 15, 2026 | Ng George KChief Executive Officer | Buy | 1,843 | $2.97 | $5.5K | Form 4 |
| May 15, 2026 | Young DavidPres. Research & Development | Buy | 1,545 | $2.97 | $4.6K | Form 4 |
| May 15, 2026 | Lin PatrickChief Business - Strategy Off | Buy | 1,369 | $2.97 | $4.1K | Form 4 |
| May 15, 2026 | Guy WendyChief Administrative Officer | Buy | 1,583 | $2.97 | $4.7K | Form 4 |
| May 15, 2026 | SKIBSTED RUSSELLChief Financial Officer | Buy | 1,984 | $2.97 | $5.9K | Form 4 |
All 69 trades can be filtered by person here when JavaScript is on.
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.
- Soleus Capital Master Fund, L.P.SCHEDULE 13G, 1 filing Aug 18, 202627
- CVI Investments, Inc.SCHEDULE 13G/A, 4 filings Jun 24, 2025 to May 15, 202628
- Chiliz Group Ltd.SCHEDULE 13D/A, 3 filings Aug 13, 2025 to Feb 23, 202629
- INTRACOASTAL CAPITAL, LLCSCHEDULE 13G/A, 3 filings Jun 23, 2025 to Feb 13, 202630
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 2 filings May 15, 2025 to Aug 14, 202531
- 3i, LPSCHEDULE 13G, 1 filing Jun 23, 202532
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Connective Capital Management, LLC | 85,274 | $163.7K | 0.1% | +14,538 |
| Stonepine Capital Management, LLC | 55,000 | $105.6K | 0.1% | No change |
| Geode Capital Management, LLC | 22,090 | $42.4K | 0.0% | −2,818 |
| Citadel Advisors LLC | 21,306 | $40.9K | 0.0% | New |
| StoneX Group Inc. | 11,437 | $29.6K | 0.0% | New |
| XTX Topco Ltd | 13,292 | $25.5K | 0.0% | New |
| Jane Street Group, LLC | 13,264 | $25.5K | 0.0% | New |
| Vanguard Capital Management LLC | 12,729 | $24.4K | 0.0% | No change |
| Vanguard Fiduciary Trust Co | 10,857 | $20.8K | 0.0% | No change |
| UBS Group AG | 7,794 | $15.0K | 0.0% | +5,263 |
| Tower Research Capital LLC (TRC) | 2,499 | $4.8K | 0.0% | +1,581 |
| Jones Financial Companies Lllp | 7 | $13 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARSheila Gujrathi, Board member
- 21SEC EDGARGeorge K. Ng, Board member
- 22SEC EDGARKhoso Baluch, Board member
- 23SEC EDGARJames R. Neal, Board member
- 24SEC EDGARGeraldine Pannu, Board member
- 25SEC EDGARJustin W. Yorke, Board member
- 26SEC EDGARKhalid Islam, Board member
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