FTCI: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, FTCI has $111,525K in assets. $125,257K in debts. $24,369K in cash and cash equivalents.

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

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	24,369	3,519
Accounts receivable, net of allowance for credit losses of 1,945 and 1,717 at september 30, 2025 and december 31, 2024, respectively	49,193	45,648
Inventories	7,655	7,316
Prepaid and other current assets	15,374	13,813
Total current assets	96,591	70,296
Operating lease right-of-use assets	1,026	930
Property and equipment, gross	5,864	-
Accumulated depreciation	3,635	-
Property and equipment, net	2,229	1,931
Goodwill	7,312	7,268
Equity method investment	2,298	391
Other assets	2,069	2,139
Total assets	111,525	82,955

Accounts payable	16,313	17,867
Accrued expenses	26,850	30,410
Income taxes payable	452	408
Deferred revenue	4,408	1,492
Other current liabilities	10,111	10,456
Total current liabilities	58,134	60,633
Long-term debt	16,648	10,895
Operating lease liability, net of current portion	583	436
Warrant liability	48,127	0
Other non-current liabilities	1,765	1,949
Total liabilities	125,257	73,913
Common stock par value of 0.0001 per share, 850,000,000 shares authorized 14,937,835 and 12,853,823 shares issued and outstanding as of september 30, 2025 and december 31, 2024	1	1
Treasury stock, at cost 1,076,257 shares as of september 30, 2025 and december 31, 2024	0	0
Additional paid-in capital	377,591	376,464
Accumulated other comprehensive loss	-396	-433
Accumulated deficit	-390,928	-366,990
Total stockholders' equity (deficit)	-13,732	9,042
Total liabilities and stockholders' equity (deficit)	111,525	82,955

Unit: Thousand (K) dollars