GCTS: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, GCTS has $24,275K in assets. $104,424K in debts. $8,343K 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	8,343	1,266
Accounts receivable, net	3,686	3,826
Inventory	1,905	2,995
Contract assets	5,631	5,962
Prepaid expenses and other current assets	2,302	1,697
Total current assets	21,867	15,746
Property and equipment, net	1,582	830
Operating lease right-of-use assets	412	589
Intangibles, net	10	10
Other assets	404	444
Total assets	24,275	17,619

Accounts payable	1,053	823
Contract liabilities	11	24
Accrued and other current liabilities	20,970	20,871
Common stock forward liability	4	20
Borrowings	59,413	46,675
Convertible promissory notes, current	5,287	5,123
Operating lease liabilities, current	372	508
Total current liabilities	87,110	74,044
Convertible promissory notes, net of current	0	0
Net defined benefit liabilities	7,913	8,052
Long-term operating lease liabilities	63	106
Income taxes payable	2,330	2,196
Warrant liabilities	6,923	3,111
Other liabilities	85	86
Total liabilities	104,424	87,595
Common stock, par value 0.0001 per share 400,000 shares authorized as of september 30, 2025 and december 31, 2024 56,465 and 47,987 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	6	6
Additional paid-in capital	515,603	512,782
Accumulated other comprehensive income	630	-225
Accumulated deficit	-596,388	-582,539
Total stockholders' deficit	-80,149	-69,976
Total liabilities and stockholders' deficit	24,275	17,619

Unit: Thousand (K) dollars