Meridian Holdings Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $18.1M | $30.1M | $20.4M | $13.1M | $16.8M | $1.9M | $1.7M | $446.6K |
| Accounts Receivable | $8.0M | $6.1M | $2.7M | $2.6M | $1.8M | $791.3K | $264.6K | $10.0K |
| Inventory | $5.5M | $3.9M | $133.9K | $1.1M | $0 | — | — | — |
| Total Current Assets | $35.4M | $45.1M | $26.9M | $19.3M | $20.0M | $3.7M | $3.0M | $819.9K |
| Property, Plant & Equipment | $29.0M | $27.4M | $27.8M | $72.4K | $0 | — | — | — |
| Goodwill | $8.5M | $71.2M | $10.4M | $10.5M | $0 | — | — | — |
| Intangible Assets (Excl. Goodwill) | $26.5M | $56.4M | $15.1M | $2.6M | $135.3K | — | — | — |
| Total Assets | $118.1M | $213.7M | $79.9M | $32.6M | $20.5M | $3.7M | $3.0M | $819.9K |
| Liabilities | ||||||||
| Accounts Payable | $20.6M | $12.9M | $11.3M | $1.4M | $1.1M | $25.6K | $41.1K | $14.4K |
| Total Current Liabilities | $59.6M | $63.6M | $17.6M | $2.7M | $1.3M | $1.2M | $1.8M | $2.2M |
| Long-Term Debt | $6.6M | $14.4M | $0 | — | — | — | — | — |
| Total Liabilities | $69.7M | $104.8M | $19.9M | $2.8M | $1.5M | $1.2M | $2.0M | $2.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-33.1M | $57.0M | $59.3M | $-24.7M | $-24.4M | $-25.5M | $-26.4M | $-28.2M |
| Total Stockholders' Equity | $46.5M | $105.1M | $59.0M | $47.1M | $18.9M | $2.5M | $1.0M | $-1.3M |