CNFN: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, CNFN has $5,527,251 in assets. $28,243,714 in debts. $102,324 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Cash	102,324	1,795,524
Accounts receivable, net	821,300	1,352,635
Inventories, net	1,841,691	991,346
Total current assets	2,765,315	4,139,505
Property and equipment, net	345,762	248,721
Intangible assets, net	21,750	-
Right of use asset	2,075,348	2,353,382
Deposits	297,269	297,269
Other assets	21,807	25,999
Total assets	5,527,251	7,064,876

Accounts payable	9,586,928	-
Accrued liabilities	7,151,212	-
Due to related party	501,140	-
Deferred revenue	112,888	-
Current portion of notes payable	7,433,238	-
Due to seller	1,000,000	-
Contingent consideration	208,000	-
Current portion of right of use liability	1,124,091	-
Total current liabilities	27,117,497	-
Right of use liability	1,008,739	-
Long-term note payable, net of current portion and discounts	117,478	-
Total liabilities	28,243,714	-
Preferred shares-Series APreferred Stock	1	-
Preferred shares-Series BPreferred Stock	3	-
Common shares	8,431	-
Additional paid-in capital	61,668,587	-
Accumulated deficit	-84,393,485	-
Total stockholders' deficit	-22,716,463	-
Total liabilities and stockholders' deficit	5,527,251	7,064,876