NetBrands Corp.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $4.3K | — | $1.0K | $54.2K | $312.6K | $62.6K | $22.3K | $21.5K |
| Accounts Receivable | — | — | $5.4K | $63.9K | $174.6K | $134.6K | $52.3K | $2.0K |
| Inventory | — | — | $6.1K | $237.5K | $664.3K | $350.6K | $224.4K | $453.0K |
| Total Current Assets | $4.3K | — | $13.5K | $408.1K | $1.2M | $590.1K | $337.5K | $485.6K |
| Property, Plant & Equipment | — | — | — | $277 | $833 | $1.4K | $1.9K | $2.5K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $102.2K | $1.6K | $15.1K | $980.4K | $1.3M | $607.3K | $371.5K | $489.7K |
| Liabilities | ||||||||
| Accounts Payable | $1.1M | $1.2M | $710.8K | $325.4K | $491.7K | $472.5K | $332.1K | $357.9K |
| Total Current Liabilities | $2.0M | $1.9M | $1.4M | $709.1K | $1.1M | $658.7K | $451.0K | $434.1K |
| Long-Term Debt | — | — | — | — | — | — | — | $0 |
| Total Liabilities | $2.5M | $2.4M | $1.9M | $1.7M | $1.1M | $658.7K | $466.8K | $434.1K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-32.9M | $-31.2M | $-30.0M | $-28.6M | $-27.5M | $-26.3M | $-174.7K | $-23.7K |
| Total Stockholders' Equity | $-2.4M | $-2.4M | $-1.9M | $-711.0K | $148.3K | $-51.4K | $-95.2K | $55.6K |