OPTT: the balance sheet

MyFinsight

For the quarter ending 2026-01-31, OPTT has $41,138K in assets. $21,050K in debts. $7,056K in cash and cash equivalents.

Balance Sheets	2026-01-31	2025-10-31	2025-07-31
Cash and cash equivalents	7,056	11,659	9,860
Accounts receivable, net	6,132	1,100	2,207
Contract assets	725	752	555
Inventory	5,237	4,694	4,865
Other current assets	1,957	722	893
Total current assets	21,107	18,927	18,380
Property and equipment, gross	8,965	8,797	7,434
Less accumulated depreciation	3,168	2,934	2,731
Property and equipment, net	5,797	5,863	4,703
Intangibles, net	3,390	3,423	3,456
Right-of-use assets, net	2,153	2,414	1,388
Restricted cash, long-term	154	154	154
Goodwill	8,537	8,537	8,537
Total assets	41,138	39,318	36,618

Accounts payable	1,543	1,436	1,283
Earnout payable	150	200	250
Convertible notes payable (note 13)	6,234	10,251	7,107
Derivative liability (note 13)	2,180	881	570
Accrued expenses	3,047	1,318	1,293
Right-of-use liabilities, current portion	1,171	1,140	981
Contract liabilities	5,372	135	135
Total current liabilities	19,697	15,361	11,619
Deferred tax liability	203	203	203
Right-of-use liabilities, less current portion	1,150	1,455	606
Total liabilities	21,050	17,019	12,428
Accumulated other comprehensive loss	-	-	0
Common stock, 0.001 par value authorized 300,000,000 shares, issued 218,789,721 shares and 172,050,563 shares, respectively outstanding 216,107,328 shares and 171,263,086 shares, respectively	219	190	178
Treasury stock, at cost 2,682,393 and 787,477 shares, respectively	1,823	1,018	1,018
Additional paid-in capital	380,360	370,429	361,508
Accumulated deficit	-358,668	-347,302	-336,478
Total shareholders equity	20,088	22,299	24,190
Total liabilities and shareholders equity	41,138	39,318	36,618

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