POLA: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, POLA has $12,346K in assets. $9,447K in debts. $4K in cash and cash equivalents.

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	4	175
Accounts receivable, net	856	2,031
Inventories, net	10,892	12,993
Prepaid expenses	70	42
Total current assets	11,822	15,241
Operating lease right-of-use assets	380	1,037
Total property and equipment, cost	4,512	-
Less accumulated depreciation and amortization	4,368	-
Deposits	-	108
Property and equipment, net	144	160
Total assets	12,346	16,546

Line of credit, over advanced (note 4)	4,652	5,302
Accounts payable	1,507	858
Customer deposits	723	638
Accrued liabilities and other current liabilities	1,218	1,139
Notes payable-related party-Related Party	507	433
Current portion of operating lease liabilities	840	1,116
Total current liabilities	9,447	9,486
Operating lease liabilities, net of current portion	-	76
Total liabilities	9,447	9,562
Additional paid-in capital	38,896	38,896
Accumulated deficit	-35,957	-31,872
Treasury stock, at cost (2,497 shares)	40	40
Total stockholders equity	2,899	6,984
Total liabilities and stockholders equity	12,346	16,546

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