GIFT: the balance sheet

MyFinsight

For the year ending 2025-12-31, GIFT has $31,841,058 in assets. $9,530,111 in debts. $3,654,944 in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents (includes restricted cash of 1,000,000 and 1,250,000 at december 31, 2025 and 2024, respectively)	3,654,944
Accounts receivable	142,878
Inventories, net	3,751,549
Prepaid expenses and other current assets	196,104
Total current assets	7,745,475
Property and equipment, net	443,811
Operating lease right-of- use asset, net	1,088,091
Deposits	68,189
Intangible assets, gross	7,191,163
Accumulated amortization	4,703,341
Intangible assets, net	2,487,822
Goodwill	20,007,670
Total assets	31,841,058

Accounts payable	1,815,727
Accrued expenses	1,917,961
Customer deposits	2,015
Deferred revenue	130,376
Secured revolving line of credit	3,212,935
Convertible promissory note	46,137
Notes payable, current portion	12,240
Operating lease liability, current portion	358,861
Total current liabilities	7,496,252
Notes payable, net of current portion	651,349
Deferred income taxes	608,000
Operating lease liability, net of current portion	774,510
Total liabilities	9,530,111
Common stock, 0.001 par value, 750,000,000 shares authorized 33,146,517 and 27,021,423 shares issued and outstanding at december 31, 2025 and 2024, respectively	33,147
Additional paid-in-capital	120,713,202
Common stock issuable, 350,843 and 350,843 shares, respectively	350,843
Accumulated deficit	-98,786,245
Total stockholders equity	22,310,947
Total liabilities and stockholders equity	31,841,058

Unit: Dollar.