For the quarter ending 2025-12-31, IPW has $33,997,288 in assets. $16,012,946 in debts. $2,011,738 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash and cash equivalent | 2,011,738 | 903,975 | 2,007,890 | |
| Accounts receivable, net | 5,168,143 | 5,106,192 | 6,124,008 | |
| Inventories, net | 3,611,859 | 4,332,605 | 8,131,203 | |
| Restricted cash - bitgo | 2,209,000 | - | - | |
| Prepayments and other current assets, net | 1,691,476 | 1,491,528 | 3,111,210 | |
| Total current assets | 14,692,216 | 11,834,300 | 19,374,311 | |
| Right of use - non-current | 3,286,752 | 3,603,165 | 3,915,539 | |
| Property and equipment, net | 187,372 | 350,972 | 390,349 | |
| Deferred tax assets, net | 4,753,025 | 3,916,706 | 3,724,462 | |
| Goodwill | 3,034,110 | 3,034,110 | 3,034,110 | |
| Investment in joint venture | 678,706 | 678,706 | 385,180 | |
| Intangible assets, net | 2,656,643 | 2,818,986 | 2,981,328 | |
| Digital assets | 2,214,759 | - | - | |
| Other non-current assets | 2,493,705 | 2,355,349 | 1,837,488 | |
| Total non-current assets | 19,305,072 | 16,757,994 | 16,268,456 | |
| Total assets | 33,997,288 | 28,592,294 | 35,642,767 | |
| Accounts payable, net | 3,056,935 | 3,603,377 | 7,180,009 | |
| Other payables and accrued liabilities | 981,832 | 1,176,041 | 1,893,921 | |
| Lease liability - current | 1,418,909 | 1,389,834 | 1,361,111 | |
| Short-term loan payable | 1,500,000 | - | 0 | |
| Short-term loan payable - related party | 1,063,278 | 500,000 | 0 | |
| Revolving loan payable, net | 0 | 1,449,438 | 3,737,602 | |
| Income taxes payable | 3,512 | 0 | 280,155 | |
| Total current liabilities | 8,024,466 | 8,118,690 | 14,452,798 | |
| Convertible notes payable | 4,381,531 | - | - | |
| Derivative liability - conversion option | 1,413,100 | - | - | |
| Lease liability - non-current | 2,193,849 | 2,556,104 | 2,913,967 | |
| Total non-current liabilities | 7,988,480 | 2,556,104 | 2,913,967 | |
| Total liabilities | 16,012,946 | 10,674,794 | 17,366,765 | |
| Common stock, 0.001 par value 180,000,000 shares authorized 1,081,460 and 1,045,330 shares issued and outstanding at december 31, 2025 and june 30, 2025 | 1,082 | 1,050 | 31,361 | |
| Additional paid in capital | 34,891,869 | 33,631,399 | 33,450,885 | |
| Accumulated deficits | -16,925,818 | -15,732,537 | -15,198,889 | |
| Non-controlling interest | -47,462 | -47,462 | -47,462 | |
| Accumulated other comprehensive loss | 64,671 | 65,050 | 40,107 | |
| Total stockholders' equity | 17,984,342 | 17,917,500 | 18,276,002 | |
| Total liabilities and stockholders' equity | 33,997,288 | 28,592,294 | 35,642,767 | |
iPower Inc. (IPW)
iPower Inc. (IPW)