For the quarter ending 2025-12-31, ELTP has $126,412,637 in assets. $46,098,554 in debts.
| Balance Sheets | 2025-12-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash | 21,094,904 | 26,617,346 | 21,737,797 | |
| Accounts receivable, net of allowance for expected credit losses of 1,271,875 and 387,533 respectively | 48,529,574 | 40,871,924 | 36,218,671 | |
| Inventory | 25,099,135 | 18,164,934 | 19,356,728 | |
| Prepaid expenses and other current assets | 2,066,258 | 139,494 | 547,904 | |
| Total current assets | 96,789,871 | 85,793,698 | 77,861,100 | |
| Property and equipment, gross | 27,883,555 | 27,677,483 | - | |
| Less accumulated depreciation | 17,848,166 | 17,579,504 | - | |
| Property and equipment, net of accumulated depreciation of 17,848,166 and 17,028,700 respectively | 10,035,389 | 10,097,979 | 10,270,036 | |
| Intangible assets | 5,637,802 | 5,637,802 | 5,637,802 | |
| Finance lease - right-of-use asset, net of accumulated amortization of 866,889 and 508,470 respectively | 1,413,074 | 1,532,547 | 1,652,021 | |
| Operating lease - right-of-use asset | 1,651,592 | 1,770,693 | 1,886,899 | |
| Deferred income tax asset | 10,325,353 | 11,804,166 | 13,481,213 | |
| Restricted cash - debt service for njeda bonds | 467,575 | 463,240 | 458,318 | |
| Security deposits | 91,981 | 147,686 | 91,981 | |
| Total other assets | 559,556 | 610,926 | 550,299 | |
| Total assets | 126,412,637 | 117,247,811 | 111,339,370 | |
| Deferred revenue | - | - | 2,222 | |
| Accounts payable | 6,522,108 | 3,424,625 | 5,088,869 | |
| Accrued expenses | 5,547,783 | 6,152,304 | 4,581,743 | |
| Bonds payable, current portion, net of bond issuance costs | 135,822 | 135,822 | 125,822 | |
| Loans payable, current portion | 91,680 | 95,529 | 104,799 | |
| Related party loans payable (note 8) | - | - | 0 | |
| Lease obligation - finance lease, current portion | 370,047 | 361,723 | 371,443 | |
| Lease obligation - operating lease, current portion | 519,739 | 503,513 | 487,759 | |
| Total current liabilities | 13,187,179 | 10,673,516 | 10,762,657 | |
| Bonds payable, net of current portion and bond issuance costs | 648,015 | 644,470 | 790,926 | |
| Loans payable, net of current portion | 2,176,938 | 2,200,343 | 2,223,181 | |
| Lease obligation - finance lease, net of current portion | 957,555 | 1,062,473 | 1,147,113 | |
| Lease obligation - operating lease, net of current portion | 1,157,161 | 1,292,960 | 1,424,120 | |
| Derivative financial instruments - warrants | 27,971,706 | 39,789,081 | 47,308,730 | |
| Total long-term liabilities | 32,911,375 | 44,989,327 | 52,894,070 | |
| Total liabilities | 46,098,554 | 55,662,843 | 63,656,727 | |
| Common stock par value 0.001 1,445,000,000 shares authorized 1,074,596,442 and 1,068,463,108 shares issued as of december 31, 2025 and march 31, 2025, respectively 1,074,496,442 and 1,068,363,108 shares outstanding as of december 31, 2025 and march 31, 2025, respectively | 1,074,600 | 1,073,467 | 1,068,467 | |
| Additional paid-in capital | 173,838,752 | 173,704,576 | 173,509,658 | |
| Treasury stock 100,000 shares as of both december 31, 2025 and march 31, 2025, at cost | 306,841 | 306,841 | 306,841 | |
| Accumulated deficit | -94,292,428 | -112,886,234 | -126,588,641 | |
| Total shareholders equity | 80,314,083 | 61,584,968 | 47,682,643 | |
| Total liabilities and shareholders equity | 126,412,637 | 117,247,811 | 111,339,370 | |
ELITE PHARMACEUTICALS INC NV (ELTP)
ELITE PHARMACEUTICALS INC NV (ELTP)