| Cash Flow | 2025-09-30 |
|---|---|
| Net loss | -533,648 |
| Depreciation and amortization expense | 198,203 |
| Inventory reserve | 58,453 |
| Credit loss reserve | 49,713 |
| Loss on equity method investment | 0 |
| Stock-based compensation expense | 150,203 |
| Loss on deconsolidation of vie | -39,624 |
| Amortization of operating lease right of use assets | 312,374 |
| Amortization of debt premium / discount and non-cash financing costs | 0 |
| Accounts receivable | -968,103 |
| Inventories | -3,740,145 |
| Deferred tax assets | 192,244 |
| Prepayments and other current assets, net | -1,619,401 |
| Other non-current assets | -65,772 |
| Accounts payable | -3,476,465 |
| Other payables and accrued liabilities | -703,876 |
| Operating lease liabilities | -329,140 |
| Income taxes payable | -280,155 |
| Net cash provided by (used in) operating activities | 1,686,463 |
| Deconsolidation of vie | 160,113 |
| Investment in joint venture | 293,526 |
| Prepayments for software development | 583,633 |
| Net cash used in investing activities | -1,037,272 |
| Payments of offering cost settlement | 0 |
| Proceeds from short-term loans - related party | 500,000 |
| Payments on short-term loans - related party | 0 |
| Proceeds from revolving loan | 921,974 |
| Payments on revolving loan | 3,200,000 |
| Net cash used in financing activities | -1,778,026 |
| Effect of exchange rate on cash | 24,920 |
| Changes in cash and cash equivalent | -1,103,915 |
| Cash and cash equivalents at beginning of period | 2,007,890 |
| Cash and cash equivalents at end of period | 903,975 |
iPower Inc. (IPW)
iPower Inc. (IPW)