FTK: the balance sheet

MyFinsight

For the year ending 2025-12-31, FTK has $220,049K in assets. $106,991K in debts. $5,731K in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	5,731
Restricted cash	104
Accounts receivable-Nonrelated Party	19,043
Accounts receivable-Related Party	64,204
Inventories, net	10,629
Other current assets	3,445
Current contract asset	7,621
Total current assets	110,777
Long-term contract asset	55,115
Property and equipment, net	20,344
Right-of-use assets	3,083
Deferred tax assets, net	29,152
Other long-term assets	1,578
Total assets	220,049

Accounts payable	48,317
Accrued liabilities	7,256
Income taxes payable	258
Interest payable, related party	1,008
Current portion of operating lease liabilities	1,251
Current portion of finance lease liabilities	153
Asset-based loan	3,332
Current portion of long-term debt	0
Total current liabilities	61,575
Deferred revenue, long-term	0
Note payable - related party, net of deferred financing costs	39,584
Long-term operating lease liabilities	5,608
Long-term finance lease liabilities	224
Total liabilities	106,991
Common stock, 0.0001 par value, 240,000,000 shares authorized 31,320,960 shares issued and 30,130,480 shares outstanding at december 31, 2025 30,938,073 shares issued and 29,826,508 shares outstanding at december31, 2024	3
Additional paid-in capital	434,964
Accumulated other comprehensive income	96
Accumulated deficit	-285,780
Treasury stock, at cost 1,190,480 and 1,111,565 shares at december 31, 2025 and december31, 2024, respectively	36,225
Total stockholders equity	113,058
Total liabilities and stockholders equity	220,049

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