For the quarter ending 2025-09-30, GIFT has $32,142,059 in assets. $10,964,927 in debts. $4,021,227 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents (includes restricted cash of 1,000,000 and 1,258,826 at september 30, 2025 and december 31, 2024) | 4,021,227 | 3,257,427 | ||
| Accounts receivable | 122,697 | 121,139 | ||
| Inventories | 2,798,063 | 2,021,395 | ||
| Prepaid expenses and other current assets | 274,720 | 368,871 | ||
| Total current assets | 7,216,707 | 5,768,832 | ||
| Property and equipment, gross | 2,563,312 | - | ||
| Accumulated depreciation | 1,957,160 | - | ||
| Property and equipment, net | 606,152 | 766,904 | ||
| Operating lease right of use asset, net | 1,170,174 | 1,250,518 | ||
| Deposits | 68,189 | 68,189 | ||
| Intangible assets, gross | 7,191,163 | - | ||
| Accumulated amortization | 4,117,996 | - | ||
| Intangible assets, net | 3,073,167 | 3,640,517 | ||
| Goodwill | 20,007,670 | 20,007,670 | ||
| Total assets | 32,142,059 | 31,502,630 | ||
| Accounts payable | 1,909,145 | 1,619,833 | ||
| Accrued expenses | 1,708,012 | 1,772,419 | ||
| Customer deposits | 1,612 | 153 | ||
| Deferred revenue | 123,583 | 107,504 | ||
| Secured revolving line of credit | 2,693,735 | 1,715,897 | ||
| Convertible promissory notes | 45,387 | 44,637 | ||
| Secured notes payable related party, net of debt discount of 0 and 4,000, at june 30, 2025 and december 31, 2024, respectively | - | 0 | ||
| Notes payable, current portion, net of debt discount of 4,283 and 0, at september 30, 2025 and december 31, 2024, respectively | 1,925,315 | 1,881,668 | ||
| Operating lease liability, current portion | 347,912 | 337,195 | ||
| Total current liabilities | 8,754,701 | 7,479,306 | ||
| Notes payable, net of current portion | 659,367 | 664,500 | ||
| Deferred income taxes | 682,426 | 829,284 | ||
| Operating lease liability, net of current portion | 868,433 | 960,386 | ||
| Total liabilities | 10,964,927 | 9,933,476 | ||
| Common stock, 0.001 par value, 750,000,000 shares authorized 30,710,580 and 27,021,423 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 30,711 | 30,155 | ||
| Additional paid-in-capital | 117,334,768 | 115,289,884 | ||
| Common stock issuable, 350,843 and 350,843 shares, respectively | 350,843 | 350,843 | ||
| Accumulated deficit | -96,539,190 | -94,101,728 | ||
| Total stockholders equity | 21,177,132 | 21,569,154 | ||
| Total liabilities and stockholders equity | 32,142,059 | 31,502,630 | ||
GIFTIFY, INC. (GIFT)
GIFTIFY, INC. (GIFT)