FTK: the balance sheet

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Balance Sheets Overview

Current Ratio
183.03%
Quick Ratio
162.22%
Cash Ratio
8.26%
Debt to Asset Ratio
49.03%
Unit: Thousand (K) dollars
Assets Breakdown
Accounts receivable-Related Part...
Long-term contract asset
Deferred tax assets, net
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Accounts payable
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	5,676	5,731	4,603	5,028
Restricted cash	104	104	103	103
Accounts receivable-Nonrelated Party	21,794	19,043	26,767	22,221
Accounts receivable-Related Party	61,023	64,204	44,831	37,350
Equipment credit, related party	11,782	NaN	NaN	NaN
Inventories, net	14,303	10,629	13,232	12,302
Other current assets	2,709	3,445	2,305	3,084
Current contract asset	8,402	7,621	8,179	6,743
Total current assets	125,793	110,777	100,020	86,831
Long-term contract asset	52,102	55,115	56,655	59,386
Property and equipment, net	21,912	20,344	20,822	21,223
Right-of-use assets	2,895	3,083	3,266	3,174
Deferred tax assets, net	27,580	29,152	30,351	35
Other long-term assets	1,561	1,578	1,573	1,594
Total assets	231,843	220,049	212,687	172,243

Accounts payable	52,566	48,317	35,073	36,350
Accrued liabilities-Nonrelated Party	NaN	NaN	4,925	3,905
Accrued liabilities-Related Party	NaN	NaN	7,248	7,248
Accrued liabilities	8,771	7,256	NaN	NaN
Current portion of long-term debt	NaN	0	0	0
Income taxes payable	295	258	197	85
Interest payable, related party	986	1,008	1,008	701
Current portion of operating lease liabilities	1,287	1,251	1,216	1,186
Current portion of finance lease liabilities	156	153	149	146
Asset-based loan	4,666	3,332	6,662	5,055
Total current liabilities	68,727	61,575	56,478	54,676
Deferred revenue, long-term	NaN	0	0	0
Note payable - related party, net of deferred financing costs	39,608	39,584	39,560	39,536
Long-term operating lease liabilities	5,149	5,608	5,887	5,879
Long-term finance lease liabilities	184	224	264	302
Total liabilities	113,668	106,991	102,189	100,393
Common stock, 0.0001 par value, 240,000,000 shares authorized 37,390,332 shares issued and 36,174,338 shares outstanding at march 31, 2026 31,320,960 shares issued and 30,130,480 shares outstanding at december31, 2025	4	3	3	3
Additional paid-in capital	435,838	434,964	433,939	415,637
Accumulated other comprehensive income	130	96	109	96
Accumulated deficit	-281,116	-285,780	-288,805	-309,160
Treasury stock, at cost 1,215,994 and 1,190,480 shares at march 31, 2026 and december31, 2025, respectively	36,681	36,225	34,748	34,726
Total stockholders equity	118,175	113,058	110,498	71,850
Total liabilities and stockholders equity	231,843	220,049	212,687	172,243

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio183.03%Quick Ratio162.22%Cash Ratio8.26%Debt to Asset Ratio49.03%Unit: Thousand (K) dollarsAssets BreakdownAccounts receivable-Related Part...Long-term contract assetDeferred tax assets, netOthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitAccounts payableOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio183.03%Quick Ratio162.22%Cash Ratio8.26%Debt to Asset Ratio49.03%Unit: Thousand (K) dollarsAssets BreakdownAccounts receivable-Related Part...Long-term contract assetDeferred tax assets, netOthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitAccounts payableOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets