The latest financial statement is for the quarter ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Loss on equity method investment | - | - | -14,342 |
| Net loss | -1,193,281 | -533,648 | -4,977,546 |
| Depreciation and amortization expense | 197,548 | 198,203 | 779,976 |
| Inventory reserve | 0 | 58,453 | -335,358 |
| Credit loss reserve | 0 | 49,713 | 1,569,031 |
| Loss on equity method investment | 0 | 0 | - |
| Stock-based compensation expense | 950,202 | 150,203 | - |
| Shares issued for consulting services | 20,972 | - | - |
| Stock-based compensation expense | - | - | -12,998 |
| Loss on deconsolidation of vie | 0 | -39,624 | - |
| Amortization of operating lease right of use assets | 316,413 | 312,374 | 1,774,591 |
| Change in fv of derivative liability | 176,600 | - | - |
| Unrealized gain/loss on digital assets | 5,759 | - | - |
| Loss on extinguishment of debt | -24,100 | - | - |
| Gain on disposal of vehicle | 63,605 | - | - |
| Amortization of debt premium / discount and non-cash financing costs | 22,231 | 0 | 125,906 |
| Accounts receivable | 48,928 | -968,103 | -7,047,054 |
| Inventories | -720,746 | -3,740,145 | -2,750,428 |
| Deferred tax assets | 836,319 | 192,244 | 1,278,857 |
| Prepayments and other current assets, net | -171,080 | -1,619,401 | 764,676 |
| Other non-current assets | 0 | -65,772 | -334,490 |
| Accounts payable | -546,442 | -3,476,465 | -4,084,607 |
| Other payables and accrued liabilities | -145,247 | -703,876 | -1,684,961 |
| Operating lease liabilities | -333,180 | -329,140 | -1,839,999 |
| Income taxes payable | 3,512 | -280,155 | 3,997 |
| Net cash provided by (used in) operating activities | -922,557 | 1,686,463 | -579,187 |
| Deconsolidation of vie | 0 | 160,113 | - |
| Purchase of equipment | - | - | 163,588 |
| Investment in joint venture | 0 | 293,526 | - |
| Disposal of equipment | - | - | 13,183 |
| Restricted cash held in bitgo account | 2,209,000 | - | - |
| Investment in joint venture | - | - | 371,917 |
| Purchase of digital assets | 2,209,000 | - | - |
| Prepayments for software development | 138,356 | 583,633 | 1,519,928 |
| Net cash used in investing activities | -4,556,356 | -1,037,272 | -2,042,250 |
| Capital injection | - | - | 0 |
| Advance from shareholders | - | - | 0 |
| Payments of offering cost settlement | 0 | 0 | 325,000 |
| Net proceeds from sale of common stock | - | - | 0 |
| Proceeds from short-term loans -related party | 1,050,100 | - | 0 |
| Proceeds from short-term loans | 1,000,000 | 500,000 | 0 |
| Payments on short-term loans - related party | 0 | - | 350,000 |
| Payments on promissory note | - | - | 483,599 |
| Payments on short-term loans - related party | - | 0 | - |
| Net proceeds from convertible notes | 6,035,200 | - | - |
| Proceeds from revolving loan | 2,698,000 | 921,974 | 8,359,237 |
| Payments on revolving loan | 4,183,223 | 3,200,000 | 10,200,000 |
| Net cash provided by (used in) financing activities | 6,600,077 | -1,778,026 | -2,999,362 |
| Effect of exchange rate on cash | -13,401 | 24,920 | 250,852 |
| Changes in cash and cash equivalent | 1,107,763 | -1,103,915 | -5,369,947 |
| Cash and cash equivalent, beginning of period | 903,975 | 2,007,890 | 7,377,837 |
| Cash and cash equivalent, end of period | 2,011,738 | 903,975 | 2,007,890 |
iPower Inc. (IPW)
iPower Inc. (IPW)