IDEAL POWER INC.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $6.1M | $15.8M | $8.5M | $16.3M | $23.2M | $3.2M | $3.1M | $3.3M |
| Accounts Receivable | $24.0K | $692 | $70.0K | $65.9K | $233.3K | $170.3K | — | $0 |
| Inventory | $9.7K | $96.4K | $81.5K | $0 | — | — | — | — |
| Total Current Assets | $6.5M | $16.3M | $9.1M | $16.9M | $23.4M | $3.4M | $3.3M | $4.7M |
| Property, Plant & Equipment | $376.7K | $415.2K | $359.2K | $200.1K | $56.2K | $37.1K | $47.3K | $63.2K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $2.7M | $2.6M | $2.6M | $2.0M | $2.1M | $1.6M | $1.6M | $1.4M |
| Total Assets | $10.0M | $19.8M | $12.2M | $19.4M | $25.9M | $5.1M | $5.3M | $6.2M |
| Liabilities | ||||||||
| Accounts Payable | $408.4K | $104.1K | $405.1K | $130.5K | $130.5K | $102.0K | $183.0K | $94.2K |
| Total Current Liabilities | $973.2K | $560.8K | $930.9K | $449.3K | $542.9K | $659.5K | $685.2K | $1.1M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $2.2M | $2.0M | $2.2M | $1.5M | $1.7M | $1.3M | $1.4M | $1.6M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-118.0M | $-107.5M | $-97.0M | $-87.1M | $-79.9M | $-75.1M | $-67.3M | $-63.4M |
| Total Stockholders' Equity | $7.9M | $17.9M | $10.1M | $17.9M | $24.1M | $3.8M | $3.9M | $4.6M |