Polar Power, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $200.0K | $498.0K | $549.0K | $211.0K | $5.1M | $1.6M | $2.8M | $5.6M |
| Accounts Receivable | $330.0K | $2.2M | $1.7M | $2.2M | $4.2M | $1.2M | $934.0K | $7.7M |
| Inventory | $9.4M | $12.9M | $16.5M | $15.5M | $9.0M | $9.1M | $13.9M | $8.5M |
| Total Current Assets | $10.0M | $15.6M | $22.0M | $23.3M | $25.2M | $14.6M | $19.2M | $23.0M |
| Property, Plant & Equipment | $128.0K | $196.0K | $344.0K | $538.0K | $1.0M | $1.5M | $2.1M | $2.1M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $10.4M | $17.5M | $25.3M | $24.2M | $27.2M | $17.8M | $23.6M | $25.2M |
| Liabilities | ||||||||
| Accounts Payable | $2.5M | $408.0K | $1.8M | $230.0K | $328.0K | $311.0K | $575.0K | $1.1M |
| Total Current Liabilities | $10.3M | $8.6M | $10.2M | $6.0M | $3.4M | $4.5M | $2.7M | $1.9M |
| Long-Term Debt | — | — | $64.0K | $268.0K | $510.0K | $777.0K | $1.1M | $1.2M |
| Total Liabilities | $10.3M | $9.0M | $12.1M | $6.0M | $3.9M | $6.3M | $5.2M | $2.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-39.5M | $-30.3M | $-25.7M | $-19.1M | $-13.5M | $-12.1M | $-1.2M | $2.8M |
| Total Stockholders' Equity | $144.0K | $8.5M | $13.2M | $18.2M | $23.3M | $11.5M | $18.4M | $22.4M |