For the quarter ending 2025-06-30, GTI has $1,891,021 in assets. $20,934,354 in debts. $51,314 in cash and cash equivalents.
| Balance Sheets | 2025-06-30 | 2025-03-31 | 2024-12-31 | |
|---|---|---|---|---|
| Cash | 51,314 | 227,828 | 596,667 | |
| Accounts receivable, net | 17,498 | - | - | |
| Inventories | 66,015 | 137,670 | 136,297 | |
| Advance in purchase of machinery | 127,436 | - | - | |
| Prepaid expenses | 520 | - | - | |
| Deposits | 29,246 | 27,798 | 27,528 | |
| Prepaid expenses | - | 9,057 | 6,242 | |
| Other receivables | 110,384 | 105,380 | 103,079 | |
| Total current assets | 402,413 | 507,733 | 869,813 | |
| Property and equipment, gross | 1,619,766 | - | - | |
| Less accumulated depreciation | 163,353 | - | - | |
| Property and equipment, net | 1,456,413 | 1,426,900 | 1,435,088 | |
| Intangible assets, net | 2,756 | 2,948 | 499 | |
| Operating right-of-use assets | 29,439 | 39,658 | - | |
| Total non-current assets | 1,488,608 | 1,469,506 | 1,435,587 | |
| Total assets | 1,891,021 | 1,977,239 | 2,305,400 | |
| Loans from third parties | 607,253 | 570,991 | - | |
| Compensation payable to a shareholder | - | 686,282 | 679,611 | |
| Loans from prior shareholders | 474,203 | 447,896 | 146,246 | |
| Payables to prior shareholders | 3,010,125 | 2,008,793 | 1,989,268 | |
| Deferred underwriting commission payable | - | 1,541,025 | 1,541,025 | |
| Accounts payable | - | 5,955 | 5,862 | |
| Other payables and accrued expenses | 1,134,526 | 1,211,078 | 1,026,326 | |
| Provision for bonus | 10,350,000 | 13,800,000 | 13,800,000 | |
| Loans from third parties-Third Parties | - | - | 559,380 | |
| Loans from a shareholder | 502,633 | - | - | |
| Loan from a director | - | - | 288,916 | |
| Operating lease liabilities, current | 29,439 | 39,658 | - | |
| Total current liabilities | 16,108,179 | 20,311,678 | 20,036,634 | |
| Payables to a prior shareholder | 3,575,716 | - | - | |
| Compensation payable to a prior shareholder | 1,250,459 | - | - | |
| Total non-current liabilities | 4,826,175 | 0 | 0 | |
| Ordinary shares value-Common Class B | - | 0 | 0 | |
| Total liabilities | 20,934,354 | 20,311,678 | 20,036,634 | |
| Ordinary shares value-Common Class A | - | 14,739 | 14,739 | |
| Ordinary share, 0.006 par value 8,333,333 shares authorized 2,467,337 and 2,445,647 shares issued and outstanding as of june 30, 2025 and september 30, 2024 | 14,804 | - | - | |
| Additional paid-in capital | 29,743,558 | 8,802,598 | 8,802,598 | |
| Accumulated deficit | -48,567,032 | -27,065,075 | -26,488,052 | |
| Accumulated other comprehensive loss | -234,663 | -86,701 | -60,519 | |
| Total shareholders deficit | -19,043,333 | -18,334,439 | -17,731,234 | |
| Total liabilities and shareholders deficit | 1,891,021 | 1,977,239 | 2,305,400 | |
GRAPHJET TECHNOLOGY (GTI)
GRAPHJET TECHNOLOGY (GTI)