v3.25.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash $ 17,737 $ 19,960
Accounts receivable, net 5,527 4,895
Receivables - other, net 1,718 732
Inventory, net 4,510 4,881
Unbilled revenue 269 237
VAT receivable 316 371
Prepaid expenses 398 404
Total Current Assets 30,475 31,480
Property and equipment, net 3,267 3,407
Goodwill 156 156
Intangible assets, net 498 524
Operating right-of-use assets, net 714 812
Finance right-of-use assets, net 0 5
Deposits 94 94
Total Other Assets 1,462 1,591
Total Assets 35,204 36,478
Current Liabilities    
Accounts payable and accrued expenses 7,496 7,230
Contract liabilities 139 89
Notes payable 305 380
Due to related party 27 48
Operating lease liabilities 392 404
Finance lease liabilities 0 5
Income taxes payable 65 54
Total Current Liabilities 8,424 8,210
Long Term Liabilities:    
Long-term portion of notes payable 978 1,032
Operating lease liabilities, net of current portion 351 438
Total Liabilities 9,753 9,680
Commitments and Contingencies
Equity    
Common stock ($0.0001 par value; 50,000,000 shares authorized, 25,963,051 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively) 3 3
Additional paid-in capital 75,704 75,697
Accumulated deficit (50,293) (48,950)
Accumulated other comprehensive loss (77) (66)
Equity attributable to NextPlat Corp stockholders 25,337 26,684
Equity attributable to non-controlling interests 114 114
Total Equity 25,451 26,798
Total Liabilities and Equity $ 35,204 $ 36,478

Source