RAND CAPITAL CORPORATION
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $429.6K | $330.6K | $4.2M | $9.5M | $4.4M | $4.9M | $834.8K | $3.4M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $57.7M | $52.5M | $53.2M | $54.6M | $57.6M | $67.8M | $72.5M | $79.8M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $6.2M | $1.6M | $1.0M | $958.3K | $925.6K | $2.5M | $7.1M | $9.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-11.3M | $-11.8M | $-10.6M | $-9.2M | $-6.1M | $2.5M | $2.5M | $15.9M |
| Total Stockholders' Equity | $51.5M | $51.0M | $52.2M | $53.6M | $56.7M | $65.3M | $65.3M | $70.4M |