GWAV: the balance sheet

MyFinsight

For the quarter ending 2025-03-31, GWAV has $67,519,865 in assets. $25,986,815 in debts.

Unit: Dollar

Balance Sheets	2025-03-31
Cash	5,501,755
Inventories, net	4,555,050
Accounts receivable, net of allowance for doubtful accounts	2,277,869
Prepaid expenses	288,445
Total current assets	12,623,119
Property and equipment, net-Nonrelated Party	26,254,138
Property and equipment, net-Related Party	11,448,399
Operating lease right of use assets, net	968,066
Intangible assets, net-License	13,828,100
Intangible assets, net-Customer List	1,455,350
Intangible assets, net-Intellectual Property	910,800
Security deposit	31,893
Total assets	67,519,865

Bank overdraft	459,501
Accounts payable and accrued expenses	5,421,674
Accrued payroll and related expenses	3,946,410
Non-convertible notes payable, current portion, net of unamortized debt discount of 821,167 and 633,396, respectively	2,344,320
Stock subscription payable	1,334,800
Related party note payable-Related Party	5,391,859
Due to related parties-Related Party	862,266
Operating lease obligations, current portion	341,246
Total current liabilities	20,102,076
Operating lease obligations, less current portion	702,355
Non-convertible notes payable, net of unamortized debt discount of 1,629,009 and 1,076,554, respectively	5,182,384
Total liabilities	25,986,815
Preferred stock, value-Series A1Preferred Stock	450
Common stock, 0.001 par value, 1,200,000,000 shares authorized 519,723 and 237,191 shares issued and outstanding, respectively	520
Additional paid in capital	545,510,129
Accumulated deficit	-503,978,049
Total stockholders equity	41,533,050
Total liabilities and stockholders equity	67,519,865