AIRI: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, AIRI has $57,951K in assets. $39,108K in debts.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash	126	507
Restricted cash	3,930	-
Accounts receivable, net of allowance for credit losses of 376,000 and 396,000	6,745	-
Inventory	34,427	30,187
Contract costs receivable	-	0
Prepaid expenses and other current assets	509	388
Accounts receivable, net of allowance for credit losses	-	6,975
Prepaid taxes	76	76
Total current assets	45,813	38,133
Property and equipment, net	9,882	9,735
Finance lease right-of-use-assets	966	1,015
Operating lease right-of-use-assets	676	833
Deferred financing costs, net, deposits and other assets	614	661
Total assets	57,951	50,377

Debt	22,227	18,727
Subordinated notes - related party-Related Party	4,871	-
Accounts payable and accrued expenses	9,058	8,264
Operating lease liabilities	925	896
Deferred gain on sale	38	38
Customer deposits	442	442
Total current liabilities	37,561	28,367
Operating lease liabilities	-	239
Subordinated notes - related party-Related Party	-	4,871
Debt	1,547	1,624
Deferred gain on sale	-	10
Preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both june 30, 2025 and december 31, 2024	-	0
Total liabilities	39,108	35,111
Common stock - par value .001 - authorized 20,000,000 shares, 4,771,954 and 3,474,970 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	5	4
Additional paid-in capital	89,399	85,779
Accumulated deficit	-70,561	-70,517
Total stockholders equity	18,843	15,266
Total liabilities and stockholders equity	57,951	50,377