Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash $ 16,635 $ 19,960
Accounts receivable, net 3,153 4,895
Receivables - other, net 854 732
Inventory, net 5,215 4,881
Unbilled revenue 313 237
VAT receivable 371 371
Prepaid expenses 314 404
Total Current Assets 26,855 31,480
Property and equipment, net 2,839 3,407
Goodwill 156 156
Intangible assets, net 473 524
Operating right-of-use assets, net 623 812
Finance right-of-use assets, net 0 5
Deposits 87 94
Total Other Assets 1,339 1,591
Total Assets 31,033 36,478
Current Liabilities    
Accounts payable and accrued expenses 5,213 7,230
Contract liabilities 303 89
Notes payable 213 380
Due to related party 1 48
Operating lease liabilities 378 404
Finance lease liabilities 0 5
Income taxes payable 100 54
Total Current Liabilities 6,208 8,210
Long Term Liabilities:    
Long-term portion of notes payable 943 1,032
Operating lease liabilities, net of current portion 274 438
Total Liabilities 7,425 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 June 30, 2025 and December 31, 2024, respectively) 3 3
Additional paid-in capital 75,708 75,697
Accumulated deficit (52,082) (48,950)
Accumulated other comprehensive loss (135) (66)
Equity attributable to NextPlat Corp stockholders 23,494 26,684
Equity attributable to non-controlling interests 114 114
Total Equity 23,608 26,798
Total Liabilities and Equity $ 31,033 $ 36,478