For the quarter ending 2025-09-30, KRMD has $27,103,526 in assets. $10,638,701 in debts. $8,464,019 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 8,464,019 | 8,054,716 | ||
| Accounts receivable less allowance for credit losses of 0 as of september 30, 2025 and december 31, 2024 | 5,412,004 | 4,929,071 | ||
| Inventory | 4,411,710 | 3,947,843 | ||
| Other receivables | 103,079 | 161,190 | ||
| Prepaid expenses | 1,028,484 | 486,524 | ||
| Total current assets | 19,419,296 | 17,579,344 | ||
| Property and equipment, net | 4,235,983 | 4,370,629 | ||
| Intangible assets, net of accumulated amortization of 510,597 and 458,538 as of september 30, 2025 and december 31, 2024, respectively | 681,621 | 698,974 | ||
| Operating lease right-of-use assets | 2,667,656 | 2,768,376 | ||
| Other assets | 98,970 | 98,970 | ||
| Total assets | 27,103,526 | 25,516,293 | ||
| Accounts payable | 1,872,162 | 1,094,539 | ||
| Accrued expenses | 4,634,183 | 3,635,525 | ||
| Note payable | 334,931 | 0 | ||
| Other liabilities | 2,893 | 104,102 | ||
| Accrued payroll and related taxes | 456,066 | 688,942 | ||
| Financing lease liability | 120,211 | 118,647 | ||
| Operating lease liability | 413,486 | 409,019 | ||
| Total current liabilities | 7,833,932 | 6,050,774 | ||
| Financing lease liability, net of current portion | 116,279 | 145,469 | ||
| Operating lease liability, net of current portion | 2,688,490 | 2,793,676 | ||
| Total liabilities | 10,638,701 | 8,989,919 | ||
| Common stock, 0.01 par value, 75,000,000 shares authorized, 49,713,694 and 49,377,617 shares issued 46,293,192 and 45,957,115 shares outstanding as of september 30, 2025, and december 31, 2024, respectively | 497,137 | 496,555 | ||
| Additional paid-in capital | 51,380,158 | 50,664,323 | ||
| Treasury stock, 3,438,526 shares as of september 30, 2025 and december 31, 2024, at cost | 3,882,494 | 3,882,494 | ||
| Accumulated deficit | -31,529,976 | -30,752,010 | ||
| Total stockholders equity | 16,464,825 | 16,526,374 | ||
| Total liabilities and stockholders equity | 27,103,526 | 25,516,293 | ||
KORU Medical Systems, Inc. (KRMD)
KORU Medical Systems, Inc. (KRMD)