ITXP: the balance sheet

MyFinsight

Balance Sheets	2026-06-30	2025-12-31
Cash and cash equivalents	164,293	1,576,367
Accrued interest receivable	1,063,086	1,068,577
Current portion of note receivable	64,950,000	21,650,000
Prepaid expenses and other current assets	131,083	282,893
Total current assets	66,308,462	24,577,837
Property and equipment	1,890,000	588,490
Right-of-use operating lease asset, related party	297,897	588,490
Long-term note receivable, net of currently due	21,650,000	64,950,000
Contract asset	2,394,598	2,394,598
Patents	306,995	298,945
Total other assets	26,539,490	67,643,543
Total assets	92,847,952	92,809,870

Accounts payable	36,021	530,038
Payables to related parties	82,082	283,833
Accrued and other liabilities	23,244	11,577
Line of credit, related party	1,800,000	-
Operating lease obligation, related party	397,897	588,490
Total current liabilities	2,339,244	1,413,938
Deferred tax liability	-	17,941,976
Net deferred tax liability	17,755,888	-
Total liabilities	20,095,132	19,355,914
Common stock, value-Common Class A	6,945	4,165
Common stock, value-Common Class B	19,620	22,400
Additional paid-in capital	15,110,991	10,446,991
Retained earnings	57,615,264	62,980,400
Total shareholders' equity	72,752,820	73,453,956
Total liabilities and shareholders' equity	92,847,952	92,809,870

Unit: Dollar. Numbers labeled with * are estimated quarterly values.