For the quarter ending 2026-03-31, IPW has $31,306,588 in assets. $14,155,964 in debts. $713,685 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalent | 713,685 | 2,011,738 | 903,975 | 2,007,890 |
| Accounts receivable, net | 7,064,189 | 5,168,143 | 5,106,192 | 6,124,008 |
| Inventories, net | 2,536,961 | 3,611,859 | 4,332,605 | 8,131,203 |
| Restricted cash - bitgo | 2,209,000 | 2,209,000 | - | - |
| Prepayments and other current assets, net | 1,973,215 | 1,691,476 | 1,491,528 | 3,111,210 |
| Current assets held for sale | 0 | - | - | - |
| Total current assets | 14,497,050 | 14,692,216 | 11,834,300 | 19,374,311 |
| Right of use | 2,966,202 | 3,286,752 | 3,603,165 | 3,915,539 |
| Property and equipment, net | 166,441 | 187,372 | 350,972 | 390,349 |
| Deferred tax assets, net | 4,990,836 | 4,753,025 | 3,916,706 | 3,724,462 |
| Goodwill | 0 | 3,034,110 | 3,034,110 | 3,034,110 |
| Investment in joint venture | 13,264 | 678,706 | 678,706 | - |
| Note receivable | 2,300,000 | - | - | - |
| Investment in joint venture | - | - | - | 385,180 |
| Intangible assets, net | 2,494,300 | 2,656,643 | 2,818,986 | 2,981,328 |
| Digital assets | 1,664,827 | 2,214,759 | - | - |
| Other non-current assets | 2,213,668 | 2,493,705 | 2,355,349 | 1,837,488 |
| Total non-current assets | 16,809,538 | 19,305,072 | 16,757,994 | 16,268,456 |
| Total assets | 31,306,588 | 33,997,288 | 28,592,294 | 35,642,767 |
| Accounts payable, net | 3,016,663 | 3,056,935 | 3,603,377 | 7,180,009 |
| Other payables and accrued liabilities | 2,136,690 | 981,832 | 1,176,041 | 1,893,921 |
| Lease liability - current | 1,450,340 | 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 | 0 | 1,449,438 | 3,737,602 |
| Income taxes payable | 0 | 3,512 | 0 | 280,155 |
| Current liabilities held for sale | 0 | - | - | - |
| Total current liabilities | 6,603,693 | 8,024,466 | 8,118,690 | 14,452,798 |
| Convertible notes payable | 4,470,518 | 4,381,531 | - | - |
| Derivative liability - conversion option | 1,264,600 | 1,413,100 | - | - |
| Lease liability - non-current | 1,817,153 | 2,193,849 | 2,556,104 | 2,913,967 |
| Total non-current liabilities | 7,552,271 | 7,988,480 | 2,556,104 | 2,913,967 |
| Total liabilities | 14,155,964 | 16,012,946 | 10,674,794 | 17,366,765 |
| Common stock, 0.001 par value 180,000,000 shares authorized 1,773,999 and 1,045,330 shares issued and outstanding at march 31, 2026 and june 30, 2025 | 1,774 | 1,082 | 1,050 | 31,361 |
| Additional paid in capital | 37,528,080 | 34,891,869 | 33,631,399 | 33,450,885 |
| Accumulated deficits | -20,380,696 | -16,925,818 | -15,732,537 | -15,198,889 |
| Non-controlling interest | -47,462 | -47,462 | -47,462 | -47,462 |
| Accumulated other comprehensive loss | 48,928 | 64,671 | 65,050 | 40,107 |
| Total stockholders' equity | 17,150,624 | 17,984,342 | 17,917,500 | 18,276,002 |
| Total liabilities and stockholders' equity | 31,306,588 | 33,997,288 | 28,592,294 | 35,642,767 |
iPower Inc. (IPW)
iPower Inc. (IPW)