REFR: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	1,279,301	664,299	1,130,390	1,274,276
Royalties receivable, net of reserves of 1,354,850 in 2026 and 1,354,850 in 2025, respectively	544,985	408,666	371,878	536,373
Prepaid expenses and other current assets	192,457	70,969	112,604	161,281
Total current assets	2,016,743	1,143,934	1,614,872	1,971,930
Fixed assets, net	3,147	3,393	6,355	9,095
Operating lease rou assets	1,004,671	1,048,352	1,092,033	1,135,715
Deposits and other assets	56,066	56,066	56,066	56,066
Total assets	3,080,627	2,251,745	2,769,326	3,172,806

Current portion of operating lease liability	149,471	146,043	141,894	137,817
Accounts payable	101,112	132,666	29,137	24,358
Deferred revenue	NaN	NaN	5,336	71,563
Accrued expenses	65,524	19,168	35,721	46,497
Total current liabilities	316,107	297,877	212,088	280,235
Operating lease liability, net of current portion	981,259	1,020,242	1,057,720	1,094,545
Total liabilities	1,297,366	1,318,119	1,269,808	1,374,780
Common stock, par value 0.0001 per share authorized 100,000,000 shares, issued and outstanding 34,867,786 in 2026 and 33,648,221 in 2025	3,487	3,365	3,365	3,365
Additional paid-in capital	129,926,946	128,552,068	128,352,397	128,352,397
Accumulated deficit	-128,147,172	-127,621,807	-126,856,244	-126,557,736
Total shareholders equity	1,783,261	933,626	1,499,518	1,798,026
Total liabilities and shareholders equity	3,080,627	2,251,745	2,769,326	3,172,806

Unit: Dollar. Numbers labeled with * are estimated quarterly values.