v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 19,960 $ 26,307
Accounts receivable, net 4,895 8,923
Receivables - other, net 732 1,846
Inventory, net 4,881 5,135
Unbilled revenue 237 189
VAT receivable 371 342
Prepaid expenses 404 640
Notes receivable due from related party 0 256
Total Current Assets 31,480 43,638
Property and equipment, net 3,407 3,989
Goodwill 156 731
Intangible assets, net 524 14,423
Operating right-of-use assets, net 812 1,566
Finance right-of-use assets, net 5 22
Deposits 94 39
Prepaid expenses, net of current portion 0 61
Total Other Assets 1,591 16,842
Total Assets 36,478 64,469
Current Liabilities    
Accounts payable and accrued expenses 7,230 13,176
Contract liabilities 89 42
Notes payable 380 312
Due to related party 48 18
Operating lease liabilities 404 532
Finance lease liabilities 5 18
Income taxes payable 54 139
Total Current Liabilities 8,210 14,237
Long Term Liabilities    
Long-term portion of notes payable 1,032 1,211
Long-term portion of lease liabilities, operating lease 438 929
Long-term portion of lease liabilities, finance lease 0 5
Total Liabilities 9,680 16,382
Commitments and Contingencies
Equity    
Common stock ($0.0001 par value; 50,000,000 shares authorized; 25,963,051 and 18,724,596 shares issued and outstanding as of December 31, 2024 and 2023, respectively) 3 2
Additional paid-in capital 75,697 67,170
Accumulated deficit (48,950) (34,925)
Accumulated other comprehensive loss (66) (63)
Equity attributable to NextPlat Corp stockholders 26,684 32,184
Equity attributable to noncontrolling interests 114 15,903
Total Equity 26,798 48,087
Total Liabilities and Equity $ 36,478 $ 64,469

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