MindForge Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Assets | |||
| Cash & Equivalents | $11.2M | $4.8M | $1.3M |
| Accounts Receivable | $227.0K | $396.3K | $264.8K |
| Inventory | — | — | — |
| Total Current Assets | $15.1M | $16.7M | $4.6M |
| Property, Plant & Equipment | $4.1K | $7.5K | $3.7K |
| Goodwill | — | — | — |
| Intangible Assets (Excl. Goodwill) | $5.3K | $5.7K | — |
| Total Assets | $21.0M | $16.8M | $4.9M |
| Liabilities | |||
| Accounts Payable | $201.4K | $718.1K | $573.6K |
| Total Current Liabilities | $1.5M | $2.9M | $3.8M |
| Long-Term Debt | — | — | — |
| Total Liabilities | $2.0M | $2.9M | $3.8M |
| Stockholders' Equity | |||
| Retained Earnings | $-3.8M | $-1.2M | $-214.3K |
| Total Stockholders' Equity | $19.0M | $13.9M | $1.1M |