For the quarter ending 2025-09-30, KRT has $302,837K in assets. $141,251K in debts. $24,022K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents (including 1,437 and 1,703 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 24,022 | 30,549 | ||
| Short-term investments (including 7,935 and 11,128 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 19,946 | 26,443 | ||
| Accounts receivable, net of allowance for bad debt of 559 and 758 at september30, 2025 and december31, 2024, respectively | 37,868 | 36,385 | ||
| Inventories | 84,134 | 88,779 | ||
| Prepaid expenses and other current assets (including 159 and 27 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 4,709 | 4,095 | ||
| Total current assets | 170,679 | 186,251 | ||
| Property and equipment, net (including 42,061 and 42,972 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 84,168 | 83,495 | ||
| Deposits | 2 | 0 | ||
| Goodwill | 3,510 | 3,510 | ||
| Intangible assets, net | 280 | 287 | ||
| Operating right-of-use assets | 42,969 | 46,187 | ||
| Deferred tax asset | 196 | 196 | ||
| Other non-current assets (including 54 and 34 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 1,033 | 1,037 | ||
| Total assets | 302,837 | 320,963 | ||
| Accounts payable (including 97 and 16 associated with variable interest entity at september30, 2025 and december31, 2024, respectively)-Nonrelated Party | 25,272 | 33,160 | ||
| Accrued expenses (including 400 and 489 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 16,210 | 14,228 | ||
| Accounts payable (including 97 and 16 associated with variable interest entity at september30, 2025 and december31, 2024, respectively)-Related Party | 3,120 | 7,974 | ||
| Income taxes payable (including 0 and 3 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 0 | 151 | ||
| Deferred revenue | 1,116 | 1,137 | ||
| Long-term debt, current portion (including 21,100 and 1,179 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 21,100 | 1,206 | ||
| Operating lease liabilities, current portion | 11,647 | 11,545 | ||
| Line of credit | 1,000 | - | ||
| Other current liabilities (including 48 and 916 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 139 | 97 | ||
| Total current liabilities | 79,604 | 69,498 | ||
| Deferred tax liability | 622 | 622 | ||
| Long-term debt, net of current portion and debt discount of 70 and 141 at september30, 2025 and december31, 2024, respectively (including 23,031 and 47,279 associated with variable interest entity at september30, 2025 and december31, 2024, respectively, and debt discount of 70 and 141 associated with variable interest entity at september30, 2025 and december31, 2024, respectively) | 23,031 | 46,700 | ||
| Operating lease liabilities, net of current portion | 35,252 | 38,678 | ||
| Other non-current liabilities (including 1,233 and 1,198 associated with variable interest entity at september30, 2025 and december31, 2024 respectively) | 2,742 | 2,759 | ||
| Total liabilities | 141,251 | 158,257 | ||
| Common stock, 0.001 par value, 100,000,000 shares authorized, 20,120,505 and 20,097,505 shares issued and outstanding, respectively, as of september30, 2025 and 20,059,505 and 20,036,505 shares issued and outstanding, respectively, as of december31, 2024 | 20 | 20 | ||
| Additional paid in capital | 90,800 | 90,443 | ||
| Treasury stock, 0.001 par value, 23,000 shares as of both september30, 2025 and december31, 2024 | 248 | 248 | ||
| Retained earnings | 63,909 | 65,632 | ||
| Total karat packaging inc. stockholders equity | 154,481 | 155,847 | ||
| Noncontrolling interest | 7,105 | 6,859 | ||
| Total stockholders equity | 161,586 | 162,706 | ||
| Total liabilities and stockholders equity | 302,837 | 320,963 | ||
Karat Packaging Inc. (KRT)
Karat Packaging Inc. (KRT)