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Northann Corp. (NCL)

Northann Corp. (NCL)

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Balance Sheets Overview

Current Ratio
150.58%
Quick Ratio
77.82%
Cash Ratio
2.87%
Debt to Asset Ratio
40.08%
Unit: Dollar
Assets Breakdown
    • Intangible assets, net
    • Accounts receivable, net
    • Construction in progress
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated deficit
    • Subscription receivable
    • Others
Balance Sheets
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Cash and cash equivalents
239,641
1,030,612
40,883
1,062,038
Accounts receivable, net
3,850,848
3,512,715
2,456,698
2,755,263
Inventory
6,065,681
6,185,698
3,478,390
3,519,140
Prepaid expense
708,545
573,094
526,201
738,442
Other receivables and other current assets
28,242
50,075
49,925
67,020
Tax recoverable
18,136
-
22,631
-
Due from related party
1,643,288
985,018
-
-
Total current assets
12,554,381
12,337,212
6,574,728
8,141,903
Property, plant and equipment, net
3,404,651
3,507,401
3,596,214
3,659,631
Construction in progress
2,364,488
2,127,295
2,230,705
2,059,807
Intangible assets, net
11,085,329
994,928
983,920
983,961
Operating lease right-of-use assets, net
1,372,742
1,466,512
1,559,121
1,648,594
Security deposits
9,030
9,030
9,030
9,030
Total assets
30,790,621
20,442,378
14,953,718
16,502,926
Tax payable
-
-
0
-13,034
Bank borrowings, current
-
-
-
1,996,203
Due to related party
-
0
689,172
863,083
Accounts and other payables and accruals
5,970,838
4,322,020
5,062,684
4,006,142
Unearned revenue
674,690
1,349,672
1,594,981
764,523
Operating lease liabilities, current
373,584
374,585
375,573
370,800
Loan payable, current
1,318,477
1,302,745
1,279,857
-
Tax payable
0
22,538
-
-
Total current liabilities
8,337,589
7,371,560
9,002,267
7,987,717
Operating lease liabilities, non-current
999,157
1,091,927
1,183,547
1,277,794
Bank borrowings, non-current
-
-
-
2,857,677
Loan payable, non-current
3,003,953
2,968,709
2,923,281
-
Total liabilities
12,340,699
11,432,196
13,109,095
12,123,188
Preferred stock-Series APreferred Stock
625
625
5,000
5,000
Preferred stock-Undesignated
0
0
0
-
Common stock 0.001 par value, 400,000,000 shares authorized, 53,733,083 shares issued and outstanding as of march 31, 2026 and 22,933,083 shares issued and outstanding as of december 31, 2025
53,733
22,933
179,798
95,464
Subscription receivable
11,879,902
12,706,602
16,395,050
4,967,850
Additional paid-in capital
53,137,586
41,709,686
41,267,415
23,580,165
Accrued compensation expense
-
0
2,110,500
2,110,500
Accumulated deficit
-24,263,124
-21,367,799
-23,385,418
-14,586,105
Accumulated other comprehensive income
1,401,004
1,351,339
2,283,378
2,363,564
Total stockholders' equity
18,449,922
9,010,182
1,844,623
4,379,738
Total liabilities and stockholders' equity
30,790,621
20,442,378
14,953,718
16,502,926
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Inventory$6,065,681 (159.11%↑ Y/Y)Accounts receivable, net$3,850,848 (2.75%↑ Y/Y)Due from relatedparty$1,643,288 Prepaid expense$708,545 (24.00%↑ Y/Y)Cash and cashequivalents$239,641 Other receivables andother current assets$28,242 (-3.46%↓ Y/Y)Tax recoverable$18,136 Total current assets$12,554,381 (46.74%↑ Y/Y)Intangible assets, net$11,085,329 Property, plant andequipment, net$3,404,651 (-10.35%↓ Y/Y)Construction in progress$2,364,488 (67.96%↑ Y/Y)Operating leaseright-of-use assets, net$1,372,742 (-20.92%↓ Y/Y)Security deposits$9,030 (0.00%↑ Y/Y)Total assets$30,790,621 (86.68%↑ Y/Y)Total liabilities andstockholders' equity$30,790,621 (86.68%↑ Y/Y)Total stockholders'equity$18,449,922 (371.75%↑ Y/Y)Total liabilities$12,340,699 (-1.93%↓ Y/Y)Accumulated deficit-$24,263,124 (-96.87%↓ Y/Y)Subscription receivable$11,879,902 (92.36%↑ Y/Y)Additional paid-in capital$53,137,586 (125.35%↑ Y/Y)Total currentliabilities$8,337,589 (-24.71%↓ Y/Y)Loan payable,non-current$3,003,953 Operating leaseliabilities, non-current$999,157 (-27.21%↓ Y/Y)Accumulated othercomprehensive income$1,401,004 (66.54%↑ Y/Y)Common stock 0.001 parvalue, 400,000,000...$53,733 (-43.71%↓ Y/Y)Preferred stock-SeriesAPreferred Stock$625 (-87.50%↓ Y/Y)Accounts and otherpayables and accruals$5,970,838 (24.06%↑ Y/Y)Loan payable,current$1,318,477 Unearned revenue$674,690 Operating leaseliabilities, current$373,584 (2.85%↑ Y/Y)