AmpliTech Group, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $5.0M | $19.3M | $6.7M | $13.3M | $18.0M | $199.5K | $574.7K | $442.1K |
| Accounts Receivable | $3.3M | $1.3M | $2.5M | $1.8M | $1.7M | $357.1K | $619.2K | $262.0K |
| Inventory | $8.9M | $7.6M | $6.5M | $6.6M | $4.2M | $517.3K | $557.7K | $391.2K |
| Total Current Assets | $25.1M | $28.3M | $17.1M | $22.2M | $24.3M | $1.4M | $1.9M | $1.2M |
| Property, Plant & Equipment | $2.9M | $2.3M | $2.6M | $2.0M | $1.4M | $289.3K | $198.1K | $180.7K |
| Goodwill | $4.7M | $4.7M | $4.7M | $4.7M | $4.8M | $120.1K | $120.1K | — |
| Intangible Assets (Excl. Goodwill) | $13.1M | $2.4M | $3.0M | $3.1M | $3.3M | $632.2K | $673.4K | — |
| Total Assets | $51.5M | $43.2M | $31.4M | $36.7M | $35.2M | $2.8M | $3.4M | $1.4M |
| Liabilities | ||||||||
| Accounts Payable | $4.7M | $941.4K | $846.2K | $860.4K | $3.0M | $113.5K | $154.5K | $86.1K |
| Total Current Liabilities | $14.9M | $1.5M | $1.5M | $4.0M | $3.8M | $654.4K | $521.1K | $378.6K |
| Long-Term Debt | — | — | $80.8K | $234.0K | $330.4K | $1.6M | $1.5M | — |
| Total Liabilities | $18.6M | $5.7M | $4.7M | $7.9M | $6.2M | $2.4M | $2.3M | $492.5K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-28.0M | $-21.0M | $-9.8M | $-7.3M | $-6.6M | $-1.9M | $-842.8K | $-848.8K |
| Total Stockholders' Equity | $32.9M | $37.5M | $26.7M | $28.8M | $29.0M | $440.3K | $1.1M | $915.3K |