MSAI: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MSAI has $32,835K in assets. $3,116K in debts. $22,552K in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	22,552	24,365	1,064	3,192
Trade accounts receivable, net of allowance for credit losses of 28 and 35, respectively	1,190	1,670	760	891
Inventories, current	3,794	4,020	4,286	4,358
Other current assets	907	826	699	936
Total current assets	28,443	30,881	6,809	9,377
Property, plant and equipment, net	3,859	4,085	4,273	4,480
Right-of-use assets, net	-	0	26	57
Inventories, noncurrent	331	379	708	701
Other noncurrent assets	202	129	55	14
Total assets	32,835	35,474	11,871	14,629

Accounts payable	429	291	727	1,268
Income taxes payable	1	0	2	-
Legacy smap promissory notes	-	0	-	-
Right-of-use liabilities, current	-	0	28	60
Accrued expense	820	981	816	1,049
Contract liabilities	893	1,255	1,675	2,215
Other current liabilities	46	121	131	124
Total current liabilities	2,189	2,648	3,379	4,716
Contract liabilities, noncurrent	854	751	130	63
Warrants	10	10	10	10
Deferred tax liabilities, net	63	33	73	89
Total liabilities	3,116	3,442	3,592	4,878
Common stock, 0.0001 par value 300,000,000 shares authorized as of december 31, 2025 and december 31, 2024, and 80,304,531 and 30,526,052 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively	-	8	3	3
Additional paid-in capital	98,529	98,363	72,337	72,132
Accumulated deficit	-68,810	-66,339	-64,061	-62,384
Total shareholders' equity	29,719	32,032	8,279	9,751
Total liabilities and shareholders' equity	32,835	35,474	11,871	14,629

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.