For the quarter ending 2026-03-31, MAMO has $44,285,647 in assets. $21,609,986 in debts. $4,147,216 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 4,147,216 | 5,787,993 | 2,595,614 | - |
| Accounts receivable, net | 4,087,261 | 5,327,037 | 5,382,674 | 8,130,043 |
| Inventories, net | 23,937,558 | 26,007,553 | 25,092,482 | 23,410,336 |
| Advance to suppliers | 194,971 | 193,403 | 341,778 | 341,778 |
| Due from a related party | - | - | - | 0 |
| Cash and cash equivalents | - | - | - | 2,441,007 |
| Prepaid and other current assets | 540,558 | 2,531,257 | 1,228,523 | 953,972 |
| Total current assets | 32,907,564 | 39,847,243 | 34,641,071 | 35,277,136 |
| Subtotal | 1,350,208 | 1,152,150 | 1,086,789 | - |
| Less accumulated depreciation and amortization | 705,082 | 696,072 | 594,120 | - |
| Property and equipment at cost, net | 645,126 | 456,078 | 492,669 | 465,254 |
| Right of use operating lease assets, net | 6,964,143 | 7,388,313 | 7,914,944 | 8,449,697 |
| Right of use financing lease assets, net | 20,133 | 30,513 | 40,893 | 51,272 |
| Crypto assets | 438,208 | 573,333 | - | - |
| Other non-current assets | 49,500 | 49,500 | 49,500 | 49,500 |
| Deferred tax assets | 3,260,973 | 3,087,831 | 1,241,337 | 1,648,112 |
| Total non-current assets | 11,378,083 | 11,585,568 | 9,739,343 | 10,663,835 |
| Total assets | 44,285,647 | 51,432,811 | 44,380,414 | 45,940,971 |
| Accounts payable | 2,330,776 | 7,726,558 | 4,699,212 | 6,243,195 |
| Other payable, accrued expenses and other current liabilities | 6,176,297 | 6,233,684 | 6,122,518 | 6,192,665 |
| Return liabilities | 11,438 | 12,166 | 22,989 | 31,645 |
| Warranty liabilities | 144,419 | 152,795 | 238,959 | 301,645 |
| Contract liabilities | 519,142 | 609,171 | 363,743 | 855,266 |
| Current portion of obligations under operating leases | 1,878,122 | 1,956,045 | 2,034,503 | 2,118,166 |
| Current portion of obligations under financing leases | 14,785 | 23,927 | 32,991 | 39,652 |
| Income tax payable | 3,543,727 | 3,539,447 | 1,085,103 | 1,081,261 |
| Loan from a related party | 2,000,089 | 2,000,089 | 2,130,248 | 2,530,248 |
| Total current liabilities | 16,618,795 | 22,253,882 | 16,730,266 | 19,393,743 |
| Obligations under operating leases, non-current | 4,983,516 | 5,456,648 | 5,919,867 | 6,373,380 |
| Obligations under financing leases, non-current | 7,675 | 9,676 | 11,638 | 15,889 |
| Total non-current liabilities | 4,991,191 | 5,466,324 | 5,931,505 | 6,389,269 |
| Total liabilities | 21,609,986 | 27,720,206 | 22,661,771 | 25,783,012 |
| Common shares, 0.001 par value, 100,000,000 shares authorized, 41,640,950 and 41,640,950 issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 41,640 | 41,640 | 41,640 | 41,640 |
| Additional paid-in-capital | 7,084,356 | 7,113,750 | 7,113,750 | 7,079,473 |
| Retained earnings | 15,549,665 | 16,557,215 | 14,563,253 | 13,036,846 |
| Total equity | 22,675,661 | 23,712,605 | 21,718,643 | 20,157,959 |
| Total liabilities and equity | 44,285,647 | 51,432,811 | 44,380,414 | 45,940,971 |
Massimo Group (MAMO)
Massimo Group (MAMO)