XMax Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $6.7M | $161.9K | $369.1K | $1.4M | $6.3M | $8.7M | $7.4M | $243.6K |
| Accounts Receivable | $2.4M | $36.4K | $47.0K | $288.5K | $103.4K | $514.9K | $390.2K | $66.6M |
| Inventory | $2.2M | $2.8M | $2.2M | $4.9M | $2.6M | $32.8M | $29.7M | $6.4M |
| Total Current Assets | $11.8M | $7.9M | $3.7M | $8.2M | $25.6M | $43.3M | $68.5M | $85.4M |
| Property, Plant & Equipment | $21.9K | $252.2K | $287.7K | $368.6K | $453.8K | $453.5K | $136.5K | $147.1K |
| Goodwill | — | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K |
| Intangible Assets (Excl. Goodwill) | — | $3.1K | $8.5K | $13.8K | $19.2K | $0 | $0 | $3.8M |
| Total Assets | $35.5M | $9.9M | $6.2M | $11.5M | $29.5M | $46.5M | $71.6M | $90.1M |
| Liabilities | ||||||||
| Accounts Payable | $327.1K | $728.5K | $430.0K | $321.3K | $358.4K | $743.8K | $417.9K | $4.1M |
| Total Current Liabilities | $2.4M | $5.8M | $3.7M | $1.6M | $1.8M | $2.0M | $1.5M | $11.8M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $7.6M | $6.8M | $5.7M | $4.9M | $6.1M | $5.6M | $5.5M | $15.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-53.4M | $-50.0M | $-44.4M | $-36.7M | $-19.6M | $351.4K | $26.4M | $35.0M |
| Total Stockholders' Equity | $28.0M | $3.1M | $496.4K | $6.6M | $23.4M | $40.9M | $66.0M | $74.9M |