| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 157,682 | 605,305 | ||
| Accounts receivable, net | 847,559 | 606,355 | ||
| Inventories | 3,789,194 | 7,918,552 | ||
| Prepaid and other current assets | 1,847,940 | 211,141 | ||
| Total current assets | 6,642,375 | 9,341,353 | ||
| Goodwill | 1,291,098 | 1,291,098 | ||
| Property and equipment | 773,329 | 773,329 | ||
| Less accumulated depreciation | 359,678 | 336,072 | ||
| Property and equipment, net | 413,651 | 437,257 | ||
| Intangible asset, net | 5,250 | 7,500 | ||
| Right-of-use assets | 4,033,985 | 3,218,074 | ||
| Deposit | 60,200 | 60,200 | ||
| Total assets | 12,446,559 | 14,355,482 | ||
| Accounts payable | 2,902,327 | 1,966,179 | ||
| Accrued expenses | 1,333,958 | 1,704,981 | ||
| Notes payable | - | 1,762,699 | ||
| Other payables | - | 885,325 | ||
| Customer deposits and deferred revenue | 6,893,657 | 8,969,670 | ||
| Lease liability, current | 535,248 | 354,576 | ||
| Floor plan payable | 85,000 | 498,320 | ||
| Other payables | 899,075 | - | ||
| Total current liabilities | 12,649,265 | 16,141,750 | ||
| Warrant liabilities, at fair value | - | 589 | ||
| Lease liability, non-current | 3,856,963 | 3,199,502 | ||
| Convertible notes, net of debt discount | 9,350,860 | 18,142,482 | ||
| Derivative liabilities-Warrant Liabilities | 28,225 | - | ||
| Conversion option, at fair value | - | 1,219 | ||
| Derivative liabilities-Conversion Option | 17 | - | ||
| Total liabilities | 25,885,330 | 37,485,542 | ||
| Series a preferred stock, 0.0001 par value, 20,000,000 authorized shares 375 and 162 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively-Series APreferred Stock | 2 | - | ||
| Preferred stock-Series BPreferred Stock | 0 | 0 | ||
| Preferred stock-Series CPreferred Stock | 0 | 0 | ||
| Common stock, 0.0001 par value, 1,000,000,000 authorized shares 1,539,644 shares and 912,262 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 154 | 4,758 | ||
| Additional paid-in capital | 12,906,451 | 5,445,078 | ||
| Other comprehensive income | -6,696 | -8,361 | ||
| Accumulated deficit | -26,338,682 | -28,571,537 | ||
| Total stockholders deficit | -13,438,773 | -23,130,062 | ||
| Series a preferred stock, 0.0001 par value, 20,000,000 authorized shares 15,000 and 6,500 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively | - | 2 | ||
| Total liabilities, redeemable preferred stock and stockholders deficit | 12,446,559 | 14,355,482 | ||
ECD Automotive Design, Inc. (ECDA)
ECD Automotive Design, Inc. (ECDA)