| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 276 | 112 | ||
| Accounts receivable, net | 3,625 | 3,974 | ||
| Inventories | 38,357 | 39,521 | ||
| Prepaid expenses and other current assets, net | 1,395 | 2,060 | ||
| Amounts due to a related party-Related Party | 17 | 17 | ||
| Battery lease receivables | 4,645 | 4,645 | ||
| Total current assets | 48,315 | 50,329 | ||
| Property and equipment, net | 2,530 | 2,942 | ||
| Operating lease right-of-use assets | 886 | 1,175 | ||
| Net investment in leases | 28 | 40 | ||
| Total assets | 51,759 | 54,486 | ||
| Accounts payable | 4,232 | 3,827 | ||
| Accrued liabilities | 7,786 | 8,395 | ||
| Derivative liability | - | 0 | ||
| Amounts due to a related party-Customers | 9,268 | 8,157 | ||
| Deferred income | 1,129 | 1,202 | ||
| Warranty reserve, current | 1,986 | 3,462 | ||
| Lease liabilities, current | 1,393 | 1,673 | ||
| Amounts due to a related party-Related Party | 23 | 23 | ||
| Short-term borrowing | 514 | 0 | ||
| Warrant liability | 960 | 218 | ||
| Convertible note, current | 4,448 | 3,440 | ||
| Other payable | 509 | - | ||
| Long-term borrowing, current | 3 | 3 | ||
| Advance from customers, noncurrent-Customers | - | 0 | ||
| Total current liabilities | 32,251 | 30,400 | ||
| Lease liabilities, noncurrent | 265 | 392 | ||
| Warranty reserve, noncurrent | 6,060 | 8,035 | ||
| Long-term borrowings | 138 | 136 | ||
| Deferred tax liabilities | 7,716 | 7,716 | ||
| Total liabilities | 46,430 | 46,679 | ||
| Common stock, par 0.0004, 450,000,000 shares authorized, 12,549,503 and 8,534,973 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 21 | 20 | ||
| Additional paid-in capital | 55,001 | 53,800 | ||
| Accumulated deficit | -49,693 | -46,013 | ||
| Total stockholders equity | 5,329 | 7,807 | ||
| Total liabilities and stockholders equity | 51,759 | 54,486 | ||
PHOENIX MOTOR INC. (PEVM)
PHOENIX MOTOR INC. (PEVM)