Solesence, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $1.3M | $1.4M | $1.7M | $2.2M | $657.0K | $957.0K | $1.2M | $1.3M |
| Accounts Receivable | $6.8M | $4.9M | $3.5M | $4.7M | $3.9M | $2.9M | $970.0K | $829.0K |
| Inventory | $18.5M | $20.3M | $10.0M | $8.8M | $6.1M | $4.3M | $2.6M | $2.2M |
| Total Current Assets | $28.8M | $29.3M | $16.3M | $16.6M | $11.6M | $8.8M | $5.0M | $4.7M |
| Property, Plant & Equipment | $14.3M | $12.7M | $8.7M | $7.9M | $4.7M | $2.9M | $2.3M | $1.9M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $50.1M | $50.0M | $32.9M | $33.6M | $28.4M | $13.5M | $9.4M | $6.6M |
| Liabilities | ||||||||
| Accounts Payable | $4.1M | $9.1M | $6.3M | $6.4M | $3.6M | $2.1M | $1.7M | $1.6M |
| Total Current Liabilities | $13.9M | $25.8M | $15.6M | $13.8M | $7.3M | $6.8M | $4.4M | $3.6M |
| Long-Term Debt | — | — | — | $1.0M | $1.0M | $952.0K | — | — |
| Total Liabilities | $32.4M | $35.1M | $31.0M | $27.9M | $20.9M | $10.8M | $7.9M | $5.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-98.6M | $-100.4M | $-104.7M | $-100.1M | $-97.4M | $-99.8M | $-100.8M | $-97.8M |
| Total Stockholders' Equity | $17.6M | $14.9M | $1.9M | $5.6M | $7.5M | $2.7M | $1.5M | $1.4M |