Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash $ 24,877,000 $ 26,307,000
Accounts receivable, net 10,369,000 8,923,000
Receivables - other, net 1,013,000 1,846,000
Inventories, net 4,701,000 5,135,000
Unbilled revenue 206,000 189,000
VAT receivable 333,000 342,000
Prepaid expenses 273,000 640,000
Notes receivable due from related party 265,000 256,000
Total Current Assets 42,037,000 43,638,000
Property and equipment, net 3,694,000 3,989,000
Goodwill 156,000 731,000
Intangible assets, net 4,564,000 14,423,000
Operating right of use assets, net 887,000 1,566,000
Finance right-of-use assets, net 18,000 22,000
Deposits 39,000 39,000
Prepaid expenses, net of current portion 66,000 61,000
Total Other Assets 5,730,000 16,842,000
Total Assets 51,461,000 64,469,000
Current Liabilities    
Accounts payable and accrued expenses 11,894,000 13,176,000
Contract liabilities 142,000 42,000
Notes payable 205,000 312,000
Due to related party 23,000 18,000
Operating lease liabilities 380,000 532,000
Finance lease liabilities 13,000 18,000
Income taxes payable 93,000 139,000
Total Current Liabilities 12,750,000 14,237,000
Long Term Liabilities:    
Long-term portion of notes payable 1,120,000 1,211,000
Operating lease liabilities, net of current portion 619,000 929,000
Finance lease liabilities, net of current portion 0 5,000
Total Liabilities 14,489,000 16,382,000
Commitments and Contingencies
Equity    
Preferred stock ($0.0001 par value; 3,333,333 shares authorized) 0 0
Common stock ($0.0001 par value; 50,000,000 shares authorized, 18,973,146 and 18,724,596 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 2,000 2,000
Additional paid-in capital 68,348,000 67,170,000
Accumulated deficit (41,717,000) (34,925,000)
Accumulated other comprehensive loss (99,000) (63,000)
Equity attributable to NextPlat Corp stockholders 26,534,000 32,184,000
Equity attributable to non-controlling interests 10,438,000 15,903,000
Total Equity 36,972,000 48,087,000
Total Liabilities and Equity $ 51,461,000 $ 64,469,000