PHAT: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, PHAT has $240,289K in assets. $662,823K in debts. $135,156K in cash and cash equivalents.

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

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	135,156	149,569
Prepaid expenses and other current assets	13,227	14,620
Accounts receivable, net	55,789	51,255
Inventory	3,611	3,431
Total current assets	207,783	218,875
Property and equipment, net	1,156	1,242
Operating lease right-of-use assets	2,694	873
Restricted cash	2,862	2,862
Inventory, non-current	24,101	24,675
Other long-term assets	1,693	1,693
Total assets	240,289	250,220

Accounts payable	1,075	4,008
Accrued expenses	65,349	64,296
Accrued interest	1,764	1,755
Operating lease liabilities, current	591	238
Current portion of revenue interest financing liability	24,344	21,526
Total current liabilities	93,123	91,823
Long-term debt, net of discount	207,093	205,139
Revenue interest financing liability	348,984	347,003
Operating lease liabilities	2,123	589
Other long-term liabilities	11,500	11,500
Total liabilities	662,823	656,054
Common stock, 0.0001 par value authorized shares - 400,000,000 at september 30, 2025 and december 31, 2024 issued and outstanding shares - 71,043,149 and 68,518,238 at september 30, 2025 and december 31, 2024, respectively	6	6
Treasury stock - 19 shares at september 30, 2025 and december 31, 2024	0	0
Additional paid-in capital	1,040,570	1,027,297
Accumulated deficit	-1,463,110	-1,433,137
Total stockholders' deficit	-422,534	-405,834
Total liabilities and stockholders' deficit	240,289	250,220

Unit: Thousand (K) dollars