KUSTOM ENTERTAINMENT, INC. (KUST)
KUSTOM ENTERTAINMENT, INC. (KUST)
For the quarter ending 2026-03-31, KUST has $19,133,867 in assets. $14,839,361 in debts. $1,224,321 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 1,224,321 | 757,369 | ||
| Accounts receivable-trade, less allowance for doubtful accounts of 10,262 march 31, 2026 and 10,262 december 31, 2025 | 326,278 | 479,559 | ||
| Subscriptions receivables, net of 75,000 allowance march 31, 2026 and 75,000 december 31, 2025 | 3,035,465 | 3,219,647 | ||
| Other receivables | 292,601 | 292,503 | ||
| Notes receivable | 383,909 | - | ||
| Inventories, net | 2,148,228 | 2,330,492 | ||
| Prepaid expenses | 1,987,805 | 1,052,415 | ||
| Assets of revenue-cycle management business held-for-sale | - | 911,753 | ||
| Total current assets | 9,398,607 | 9,043,738 | ||
| Property, plant, and equipment, net | 519,516 | 402,226 | ||
| Goodwill and other intangible assets, net | 5,029,035 | 5,031,633 | ||
| Operating lease right of use assets, net | 1,041,420 | 1,104,784 | ||
| Subscriptions receivables long term | 2,456,719 | 2,976,758 | ||
| Notes receivable - long term | 396,640 | - | ||
| Other assets | 291,930 | 355,636 | ||
| Assets of revenue-cycle management business held-for-sale | - | 413,752 | ||
| Total assets | 19,133,867 | 19,328,527 | ||
| Accounts payable | 4,284,867 | 4,278,633 | ||
| Accrued expenses | 536,526 | 592,685 | ||
| Current portion of operating lease obligations | 248,841 | 180,900 | ||
| Deferred revenue current | 3,862,440 | 3,778,967 | ||
| Debt obligations current | 518,575 | 707,826 | ||
| Warrant derivative liabilities | 8 | 852,844 | ||
| Income taxes payable | 10,441 | 10,441 | ||
| Liabilities of revenue-cycle management business held for sale | - | 138,029 | ||
| Total current liabilities | 9,461,698 | 10,540,325 | ||
| Debt obligations long term | 136,635 | 137,541 | ||
| Operating lease obligation long term | 771,987 | 841,516 | ||
| Deferred revenue long term | 4,057,343 | 4,739,356 | ||
| Notes payable related party long term | 411,698 | 400,110 | ||
| Liabilities of revenue-cycle management business held for sale | - | 299,723 | ||
| Total liabilities | 14,839,361 | 16,958,571 | ||
| Common stock, 0.001 par value 13,333,333 authorized shares issued 526,860 march 31, 2026 and 138,004 december 31, 2025 | 527 | 690 | ||
| Additional paid in capital | 151,906,315 | 148,439,504 | ||
| Noncontrolling interest in consolidated subsidiary | - | -1,885,802 | ||
| Accumulated deficit | -147,612,336 | -144,184,436 | ||
| Total equity | 4,294,506 | 2,369,956 | ||
| Total liabilities and equity | 19,133,867 | 19,328,527 | ||