POLA: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, POLA has $11,447K in assets. $9,057K in debts. $27K in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	27	200	4	175
Accounts receivable	1,511	330	856	2,031
Inventories	9,547	9,425	10,892	12,993
Prepaid expenses	78	76	70	42
Total current assets	11,163	10,031	11,822	15,241
Operating lease right-of-use assets	172	278	380	1,037
Total property and equipment, cost	4,512	4,512	4,512	-
Less accumulated depreciation and amortization	4,400	4,384	4,368	-
Deposits	-	-	-	108
Property and equipment, net	112	128	144	160
Total assets	11,447	10,437	12,346	16,546

Accounts payable (includes 1,070 and 778 of rents payable)	2,617	2,506	1,507	858
Customer deposits	756	764	723	638
Accrued liabilities and other current liabilities	807	1,462	1,218	1,139
Line of credit	3,704	4,036	4,652	5,302
Notes payable, current-Related Party	611	612	507	433
Notes payable, current-Nonrelated Party	365	438	-	-
Current portion of operating lease liabilities	197	475	840	1,116
Total current liabilities	9,057	10,293	9,447	9,486
Operating lease liabilities, net of current portion	-	-	-	76
Total liabilities	9,057	10,293	9,447	9,562
Additional paid-in capital	42,077	39,653	38,896	38,896
Accumulated deficit	-39,647	-39,469	-35,957	-31,872
Treasury stock, at cost (2,497 shares)	40	40	40	40
Total stockholders equity	2,390	144	2,899	6,984
Total liabilities and stockholders equity	11,447	10,437	12,346	16,546

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