77 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA KODIAK SCIENCES INC. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm (PCAOB ID: 238) 78 Consolidated Balance Sheets 80 Consolidated Statements of Operations and Comprehensive Loss 81 Consolidated Statements of Stockholders’ Equity 82 Consolidated Statements of Cash Flows 83 Notes to Consolidated Financial Statements Note 1. The Company 84 Note 2. Summary of Significant Accounting Policies 84 Note 3. Property and Equipment, Net 89 Note 4. Accrued and Other Current Liabilities 89 Note 5. Fair Value Measurements 89 Note 6. Marketable Securities 90 Note 7. Derivatives 90 Note 8. Commitments and Contingencies 90 Note 9. Income Taxes 92 Note 10. Common Stock 95 Note 11. Stock-Based Compensation 95 Note 12. Segment Information 97 Note 13. Net Loss Per Common Share 98 Note 14. 401(k) Plan 98 Note 15. Liability Related to Sale of Future Royalties 99