For the quarter ending 2025-09-30, MAMO has $44,380,414 in assets. $22,661,771 in debts. $2,595,614 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 2,595,614 | - | ||
| Accounts receivable, net | 5,382,674 | 8,130,043 | ||
| Inventories, net | 25,092,482 | 23,410,336 | ||
| Advance to suppliers | 341,778 | 341,778 | ||
| Due from a related party | - | 0 | ||
| Cash and cash equivalents | - | 2,441,007 | ||
| Prepaid and other current assets | 1,228,523 | 953,972 | ||
| Total current assets | 34,641,071 | 35,277,136 | ||
| Subtotal | 1,086,789 | - | ||
| Less accumulated depreciation and amortization | 594,120 | - | ||
| Property and equipment at cost, net | 492,669 | 465,254 | ||
| Right of use operating lease assets, net | 7,914,944 | 8,449,697 | ||
| Right of use financing lease assets, net | 40,893 | 51,272 | ||
| Other non-current assets | 49,500 | 49,500 | ||
| Deferred tax assets | 1,241,337 | 1,648,112 | ||
| Total non-current assets | 9,739,343 | 10,663,835 | ||
| Total assets | 44,380,414 | 45,940,971 | ||
| Accounts payable | 4,699,212 | 6,243,195 | ||
| Other payable, accrued expenses and other current liabilities | 6,122,518 | 6,192,665 | ||
| Return liabilities | 22,989 | 31,645 | ||
| Warranty liabilities | 238,959 | 301,645 | ||
| Contract liabilities | 363,743 | 855,266 | ||
| Current portion of obligations under operating leases | 2,034,503 | 2,118,166 | ||
| Current portion of obligations under financing leases | 32,991 | 39,652 | ||
| Income tax payable | 1,085,103 | 1,081,261 | ||
| Due to a shareholder | 2,130,248 | 2,530,248 | ||
| Total current liabilities | 16,730,266 | 19,393,743 | ||
| Obligations under operating leases, non-current | 5,919,867 | 6,373,380 | ||
| Obligations under financing leases, non-current | 11,638 | 15,889 | ||
| Total non-current liabilities | 5,931,505 | 6,389,269 | ||
| Total liabilities | 22,661,771 | 25,783,012 | ||
| Common shares, 0.001 par value, 100,000,000 shares authorized, 41,640,950 and 41,539,950 issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 41,640 | 41,640 | ||
| Additional paid-in-capital | 7,113,750 | 7,079,473 | ||
| Retained earnings | 14,563,253 | 13,036,846 | ||
| Total equity | 21,718,643 | 20,157,959 | ||
| Total liabilities and equity | 44,380,414 | 45,940,971 | ||
Massimo Group (MAMO)
Massimo Group (MAMO)