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Cash Flow
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Balance Sheets Overview
Current Ratio
9.50%
Quick Ratio
4.58%
Debt to Asset Ratio
144.56%
Unit: Dollar
Assets Breakdown
Accounts receivable, net of allo...
Prepaid expenses and other curre...
Cash
Others
Liabilities Breakdown
Accumulated deficit
Additional paid-in capital
Due to related parties
Others
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Page 1
Quarterly
123
Page 1
Balance Sheets
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Cash
479,857
63,859
128,869
206,579
Accounts receivable, net of allowance for credit losses of 197,003 and 230,000 as of march 31, 2026 and december 31, 2025, respectively
1,742,569
2,648,229
2,574,783
2,319,901
Inventories, net
3,532,536
4,582,576
5,997,898
7,001,994
Prepaid expenses and other current assets
1,069,601
760,616
769,073
402,200
Total current assets
6,824,563
8,055,280
9,470,623
9,930,674
Property, plant and equipment, net
43,505,919
43,891,964
44,325,607
44,778,821
Intangible assets
298,041
298,041
383,710
351,009
Right - of-use asset, net
148,371
158,361
30,615
42,090
Goodwill
-
-
1,917,356
1,917,356
Other non-current assets
169,685
169,685
169,685
254,685
Total assets
50,946,579
52,573,331
56,297,596
57,274,635
Convertible notes payable, current portion
-
-
-
0
Accounts payable and accrued expenses
17,363,227
16,046,886
14,030,501
13,990,784
Due to related parties
28,717,709
27,295,885
19,134,580
18,854,580
Line of credit, current portion
2,209,383
2,691,096
10,149,641
0
Convertible notes payable, current portion
3,000,000
3,000,000
-
-
Notes payable, current portion, net of capitalized loan costs
19,850,380
20,100,380
20,166,932
5,956,085
Operating lease payable, current portion
37,912
39,982
31,710
44,008
Finance leases payable, current portion
668,338
642,474
606,031
578,082
Total current liabilities
71,846,949
69,816,703
64,119,395
39,423,539
Due to related parties, net of current portion-Related Party
-
-
-
0
Operating lease payable, net of current portion
110,928
118,528
-
0
Notes payable, net of current portion
-
-
-
14,132,682
Line of credit
-
-
-
7,600,000
Convertible notes payable, net of current portion
-
-
3,000,000
3,000,000
Finance leases payable, net of current portion
312,356
489,461
666,856
829,247
Deferred tax liability
1,379,226
1,379,226
1,459,923
1,459,923
Common shares, no par value
-
-
-
0
Total liabilities
73,649,459
71,803,918
69,246,174
66,445,391
Additional paid-in capital
90,580,730
90,540,605
90,412,531
90,409,532
Accumulated deficit
-113,283,610
-109,771,192
-103,361,109
-99,580,288
Total shareholders (deficit)
-22,702,880
-19,230,587
-12,948,578
-9,170,756
Total liabilities and shareholders (deficit)
50,946,579
52,573,331
56,297,596
57,274,635
Page 1
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Page 1
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Time Plot
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Balance Sheets
Inventories, net
$3,532,536
Accounts receivable, net
of allowance for...
$1,742,569
Prepaid expenses and
other current assets
$1,069,601
Cash
$479,857
Property, plant and
equipment, net
$43,505,919
Total current assets
$6,824,563
Intangible assets
$298,041
Other non-current
assets
$169,685
Right - of-use asset,
net
$148,371
Total assets
$50,946,579
Accumulated deficit
-$113,283,610
Total liabilities and
shareholders (deficit)
$50,946,579
Total shareholders
(deficit)
-$22,702,880
Additional paid-in capital
$90,580,730
Total liabilities
$73,649,459
Total current
liabilities
$71,846,949
Deferred tax liability
$1,379,226
Finance leases payable,
net of current...
$312,356
Operating lease payable,
net of current...
$110,928
Due to related
parties
$28,717,709
Notes payable,
current portion, net of...
$19,850,380
Accounts payable and
accrued expenses
$17,363,227
Convertible notes payable,
current portion
$3,000,000
Line of credit,
current portion
$2,209,383
Finance leases payable,
current portion
$668,338
Operating lease payable,
current portion
$37,912
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Borealis Foods Inc. (BRLSW)
Borealis Foods Inc. (BRLSW)