STABLECOIN DEVELOPMENT CORPORATION
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $8.0M | $430.0K | $2.9M | $5.4M | $7.5M | $12.0M | $6.9M | $3.2M |
| Accounts Receivable | — | — | $759.0K | $2.0M | — | — | — | — |
| Inventory | — | $765.0K | $501.0K | $3.4M | $3.2M | $608.0K | $492.0K | $280.0K |
| Total Current Assets | $8.7M | $1.9M | $7.2M | $11.3M | $13.2M | $14.2M | $9.4M | $8.6M |
| Property, Plant & Equipment | — | $53.0K | $87.0K | $119.0K | $193.0K | $84.0K | $110.0K | $201.0K |
| Goodwill | — | — | $0 | $348.0K | $4.5M | $0 | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | $0 | $2.3M | $5.2M | $0 | — | — |
| Total Assets | $9.0M | $3.4M | $9.0M | $16.4M | $24.0M | $15.2M | $11.2M | $9.4M |
| Liabilities | ||||||||
| Accounts Payable | $257.0K | $109.0K | $906.0K | $1.1M | $1.0M | $302.0K | $331.0K | $551.0K |
| Total Current Liabilities | $1.1M | $2.8M | $4.3M | $4.3M | $3.4M | $2.8M | $5.7M | $3.8M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $640.5M | $3.6M | $5.7M | $5.8M | $13.8M | $2.9M | $10.2M | $4.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-819.1M | $-183.5M | $-174.8M | $-158.2M | $-141.9M | $-136.1M | $-125.0M | $-115.0M |
| Total Stockholders' Equity | $-631.8M | $-129.0K | $3.3M | $10.6M | $10.2M | $12.3M | $973.0K | $5.0M |