Franklin Wireless Corp.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $13.4M | $14.7M | $12.3M | $12.2M | $26.3M | $45.8M | $28.2M | $6.4M |
| Accounts Receivable | $2.3M | $1.3M | $1.2M | $8.9M | $1.3M | $2.5M | $16.0M | $4.1M |
| Inventory | $5.3M | $2.4M | $1.4M | $3.7M | $4.2M | $975.5K | $11.8M | $1.1M |
| Total Current Assets | $40.5M | $45.2M | $40.2M | $51.9M | $48.4M | $54.8M | $61.4M | $17.1M |
| Property, Plant & Equipment | $59.8K | $72.9K | $114.9K | $101.1K | $106.0K | $151.6K | $220.9K | $131.9K |
| Goodwill | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K | $273.3K |
| Intangible Assets (Excl. Goodwill) | $928.4K | $1.0M | $1.3M | $2.2M | $1.4M | $1.2M | $1.1M | $1.1M |
| Total Assets | $46.4M | $51.3M | $46.7M | $56.9M | $52.0M | $57.8M | $65.4M | $21.2M |
| Liabilities | ||||||||
| Accounts Payable | $6.9M | $8.1M | $7.3M | $13.0M | $8.1M | $9.7M | $42.1M | $5.7M |
| Total Current Liabilities | $15.2M | $12.4M | $9.1M | $16.5M | $9.3M | $11.2M | $43.0M | $5.9M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $15.9M | $13.4M | $10.3M | $16.5M | $9.4M | $11.6M | $44.3M | $5.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $19.7M | $24.9M | $25.1M | $29.1M | $32.0M | $35.7M | $18.0M | $12.5M |
| Total Stockholders' Equity | $29.3M | $34.5M | $35.1M | $38.9M | $41.0M | $44.7M | $20.4M | $14.8M |