Registration of securities issued in business combination transactions

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.24.2.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current Assets          
Cash $ 23,526,000 $ 26,307,000   $ 18,891,000  
Accounts receivable, net 12,928,000 8,923,000   384,000  
Receivables - other, net 2,068,000 1,846,000   0  
Inventory, net 5,610,000 5,135,000   1,287,000  
Unbilled revenue 185,000 189,000   142,000  
VAT receivable 357,000 342,000   433,000  
Prepaid expenses 404,000 640,000   46,000  
Notes receivable due from related party 260,000 256,000   0  
Total Current Assets 45,338,000 43,638,000   21,183,000  
Property and equipment, net 3,846,000 3,989,000   1,246,000  
Goodwill 731,000 731,000   0 $ 0
Intangible assets, net 13,725,000 14,423,000   50,000  
Operating right of use assets, net 1,303,000 1,566,000   855,000  
Finance lease right-of-use assets, net 18,000 22,000   0  
Deposits 39,000 39,000   0  
Prepaid expenses, net of current portion 61,000 61,000   49,000  
Total Other Assets 15,877,000 16,842,000   6,215,000  
Total Assets 65,061,000 64,469,000   28,644,000  
Current Liabilities          
Accounts payable and accrued expenses 14,893,000 13,176,000   1,523,000  
Contract liabilities 140,000 42,000   36,000  
Notes payable 233,000 312,000   60,000  
Due to related party 42,000 18,000   28,000  
Operating lease liabilities 532,000 532,000   209,000  
Current portion, Finance Lease Liability 20,000 18,000   0  
Income taxes payable 90,000 139,000   94,000  
Total Current Liabilities 15,950,000 14,237,000   2,062,000  
Long Term Liabilities:          
Long-term portion of notes payable 1,165,000 1,211,000   156,000  
Long-term portion of lease liabilities, operating lease 853,000 929,000   650,000  
Long-term portion of lease liabilities, finance lease 0 5,000   0  
Total Liabilities 17,968,000 16,382,000   2,868,000  
Commitments and Contingencies    
Equity          
Preferred stock ($0.0001 par value; 3,333,333 shares authorized) 0 0   0  
Common stock ($0.0001 par value; 50,000,000 shares authorized, 18,724,596 and 18,724,596 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively) 2,000 2,000   1,000  
Additional paid-in capital 67,717,000 67,170,000   56,963,000  
Accumulated deficit (36,406,000) (34,925,000)   (31,147,000)  
Accumulated other comprehensive loss (90,000) (63,000)   (41,000)  
Equity attributable to NextPlat Corp stockholders 31,223,000 32,184,000   25,776,000  
Equity attributable to non-controlling interests 15,870,000 15,903,000   0  
Total Equity 47,093,000 48,087,000 $ 24,627,000 25,776,000 $ 17,531,000
Total Liabilities and Equity $ 65,061,000 $ 64,469,000   $ 28,644,000