TNF Pharmaceuticals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

The following is a description of the valuation methodologies used for assets measured at fair value as of September 30, 2021 and December 31, 2020.

Schedule of Marketable Securities

Marketable Securities: Valued using quoted prices in active markets for identical assets.

	Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2)		Significant Unobservable Inputs (Level 3)
Marketable securities at September 30, 2021	$	14,002,767	$	-	$	-

Marketable securities at December 31, 2020	$	-	$	-	$	-

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
Stock Options		4,188,315		3,821,710		4,188,315		3,821,710
Warrants to purchase common stock		5,316,249		-		5,316,249		-
Pre-funded Warrants to purchase common stock		520,270		-		520,270		-
Series D Preferred Convertible Stock		36,496		-		36,496		-
Warrants to purchase Series C Preferred stock		27,500		-		27,500		-
Total potentially dilutive shares		10,088,830		3,821,710		10,088,830		3,821,710

Schedule of Condensed Consolidated Balance Sheet Information Related to Operating Lease

The Company’s operating leases are comprised of the Supera Aviation, the Hyde Park and the N Wolfe St. Condensed Consolidated Balance Sheet information related to its leases are presented below:

	As of September 30, 2021								As of December 31, 2020
	Supera		Hyde		N Wolfe				Supera		Hyde		N Wolfe
Balance Sheet Location	Aviation		Park		Street		Total		Aviation		Park		Street		Total
Operating Leases
Lease Right of Use	$	-	$	18,010	$	46,221	$	64,231	$	431,809	$	34,722	$	60,664	$	527,195
Lease Payable, current		-		18,022		20,910		38,932		431,809		25,120		24,120		481,049
Lease Payable - net of current		-		-		25,978		25,978		-		9,704		36,665		46,369

Schedule of Lease Cost

The following provides details of the Company’s lease expense:

Schedule of Lease Cost

	Three Months Ended September 30, 2021								Nine Months Ended September 30, 2021
	Supera		Hyde		N Wolfe				Supera		Hyde		N Wolfe
Lease Expenses	Aviation		Park		Street		Total		Aviation		Park		Street		Total
Operating Leases
Lease Costs	$	-	$	6,257	$	6,000	$	12,257	$	150,000	$	16,830	$	19,455	$	186,285

Schedule of Other Information Related to Leases

Other information related to leases is presented below:

	As of September 30, 2021
	Supera			Hyde			N Wolfe
Other Information	Aviation			Park			Street			Total
Operating Leases
Operating cash used	$	150,000		$	16,830		$	19,455		$	186,285
Weighted-average remaining lease term		-			9			25			17
Weighted-average discount rate		10.0	%		10.0	%		10.0	%		10.0	%

Schedule of Operating Lease Minimum Lease Payments

As of September 30, 2021, the annual minimum lease payments of the Company’s operating lease liabilities were as follows:

	As of September 30, 2021
	Supera		Hyde		N Wolfe
	Aviation		Park		Street		Total
For Years Ending September 30,
2022	$	-	$	18,782	$	24,660	$	43,442
2023		-		-		25,400		25,400
2024		-		-		2,122		2,122
Total future minimum lease payments, undiscounted	$	-	$	18,782	$	52,182	$	70,964
Less: Imputed interest		-		12		667		679
Present value of future minimum lease payments	$	-	$	18,770	$	51,515	$	70,285