T3 Defense Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & Equivalents | $2.6M | $6.9M | $51.4K | $6.1M | $283.4K | $712.8K | $27.7K |
| Accounts Receivable | $506.0K | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total Current Assets | $13.6M | $9.1M | $2.9M | $6.1M | $47.7M | $46.7M | — |
| Property, Plant & Equipment | $101.0K | — | — | — | — | — | — |
| Goodwill | $7.7M | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $16.0K | $19.3K | $33.0K | $8.1M | — | — | — |
| Total Assets | $202.4M | $9.1M | $3.4M | $6.1M | $47.7M | $46.7M | $210.0K |
| Liabilities | |||||||
| Accounts Payable | $124.0K | $70.0K | $138.7K | $315.0K | $309.6K | $25.9K | $427 |
| Total Current Liabilities | $43.5M | $171.5M | $9.1M | $4.0M | $1.9M | $328.0K | $205.7K |
| Long-Term Debt | — | $1.6M | — | — | — | — | — |
| Total Liabilities | $45.2M | $172.5M | $9.5M | $4.0M | $2.1M | $575.7K | $205.7K |
| Stockholders' Equity | |||||||
| Retained Earnings | $-122.5M | $-201.1M | $-31.8M | $-7.8M | $-5.7M | $-3.7M | $-20.7K |
| Total Stockholders' Equity | $-19.8M | $-163.4M | $-6.2M | $-3.9M | $-1.8M | $154.8K | $4.3K |