PHAT: the balance sheet

MyFinsight

For the year ending 2025-12-31, PHAT has $259,149K in assets. $697,318K in debts. $129,972K in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	129,972
Prepaid expenses and other current assets	15,353
Accounts receivable, net	78,129
Inventory	5,518
Total current assets	228,972
Total property and equipment, gross	4,539
Less accumulated depreciation and amortization	3,475
Property and equipment, net	1,064
Operating lease right-of-use assets	2,603
Restricted cash	2,861
Inventory, non-current	20,732
Other long-term assets	2,917
Total assets	259,149

Accounts payable	4,983
Accrued expenses	89,831
Accrued interest	1,833
Operating lease liabilities, current	648
Current portion of revenue interest financing liability	27,249
Other current liabilities	7,500
Total current liabilities	132,044
Long-term debt, net of discount	209,087
Revenue interest financing liability	350,122
Operating lease liabilities	2,065
Other long-term liabilities	4,000
Total liabilities	697,318
Common stock, 0.0001 par value authorized shares - 400,000,000 at december 31, 2025 and december 31, 2024 issued and outstanding shares - 71,419,025 and 68,518,238 at december 31, 2025 and december 31, 2024, respectively	6
Treasury stock - 19 shares at december 31, 2025 and december 31, 2024	0
Additional paid-in capital	1,046,083
Accumulated deficit	-1,484,258
Total stockholders' deficit	-438,169
Total liabilities and stockholders' deficit	259,149

Unit: Thousand (K) dollars (except for numbers of shares and EPS).