Erayak Power Solution Group Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & Equivalents | $436.8K | $1.3M | $5.9M | $7.1M | — |
| Accounts Receivable | $13.6M | $12.0M | $6.3M | $10.0M | $1.8M |
| Inventory | $9.7M | $8.8M | $7.1M | $6.2M | $3.9M |
| Total Current Assets | $43.4M | $33.1M | $22.1M | $28.2M | $13.5M |
| Property, Plant & Equipment | $7.1M | $2.2M | $1.9M | $1.7M | $1.1M |
| Goodwill | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $2.7M | $62.0K | $31.9K | $8.8K | $11.1K |
| Total Assets | $59.4M | $46.0M | $35.3M | $37.6M | $23.5M |
| Liabilities | |||||
| Accounts Payable | $6.1M | $8.3M | $5.7M | $4.7M | $4.2M |
| Total Current Liabilities | $20.8M | $15.5M | $13.2M | $18.0M | $11.9M |
| Long-Term Debt | $3.4M | $3.9M | $1.9M | $217.5K | $4.7M |
| Total Liabilities | $24.2M | $19.4M | $15.1M | $18.3M | $16.6M |
| Stockholders' Equity | |||||
| Retained Earnings | — | — | — | — | — |
| Total Stockholders' Equity | $35.3M | $26.6M | $20.2M | $19.3M | $6.9M |