| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Cash | 10,962 | |||
| Restricted cash | 1,078 | |||
| Accounts receivable, net of allowance for doubtful accounts | 66,489 | |||
| Inventory, net | 4,207 | |||
| Prepaid expenses and other current assets | 6,095 | |||
| Total current assets | 88,831 | |||
| Property and equipment, gross | 9,899 | |||
| Less accumulated depreciation | 3,928 | |||
| Property and equipment, net | 5,971 | |||
| Intangible assets, gross | 45,548 | |||
| Less accumulated amortization | 14,550 | |||
| Intangible assets, net | 30,998 | |||
| Goodwill | 31,592 | |||
| Restricted cash | 0 | |||
| Restricted investment | 250 | |||
| Investment in marketable securities at fair value | 4,664 | |||
| Operating lease right of use asset | 7,760 | |||
| Security deposits and other long-term assets | 687 | |||
| Total other assets | 75,951 | |||
| Total assets | 170,753 | |||
| Line of credit | 3,801 | |||
| Accounts payable - trade | 98,244 | |||
| Accrued expenses and other current liabilities | 10,176 | |||
| Dividends payable | 1,649 | |||
| Current portion of earnout | 2,592 | |||
| Current portion of long-term debt | 911 | |||
| Current portion of subordinated promissory note-related party | 1,174 | |||
| Current portion of operating lease liabilities | 2,114 | |||
| Total current liabilities | 120,661 | |||
| Long-term debt | 7,166 | |||
| Long-term portion of earnout | 1,150 | |||
| Subordinated promissory notes-related party | 1,766 | |||
| Mandatorily redeemable non-controlling interest | 3,066 | |||
| Deferred income taxes | 4,547 | |||
| Long-term operating lease liabilities | 6,310 | |||
| Other liabilities | 285 | |||
| Total other liabilities | 24,290 | |||
| Total liabilities | 144,951 | |||
| Preferred stock | 0 | |||
| Preferred stock-Series CPreferred Stock | 0 | |||
| Common stock, 0.001 par value 4,500,000 shares authorized, 1,206,354 issued and 1,186,354 outstanding as of september 30, 2025 and september 30, 2024, respectively | 1 | |||
| Paid-in capital | 17,730 | |||
| Common treasury stock, at cost, 20,000 shares | 240 | |||
| Accumulated earnings | 8,311 | |||
| Total stockholders equity | 25,802 | |||
| Total liabilities and stockholders equity | 170,753 | |||
JANEL CORP (JANL)
JANEL CORP (JANL)