For the quarter ending 2025-09-30, RIME has $10,845K in assets. $10,745K in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Returns asset | - | 93 | ||
| Note receivable - related party-Related Party | - | 0 | ||
| Inventory | - | 2,733 | ||
| Cash | 2,839 | 1,134 | ||
| Accounts receivable-Related Party | - | 124 | ||
| Accounts receivable-Nonrelated Party | 1,816 | 2,317 | ||
| Prepaid expenses and other current assets | 859 | 1,219 | ||
| Total current assets | 5,514 | 7,620 | ||
| Property and equipment, net | 20 | 252 | ||
| Other non-current assets | 52 | 90 | ||
| Intangible assets, net | 841 | 315 | ||
| Goodwill | 4,418 | 4,418 | ||
| Total assets | 10,845 | 12,695 | ||
| Accounts payable | 1,229 | 1,996 | ||
| Warrant liability | - | 0 | ||
| Accrued expenses | 2,390 | 3,295 | ||
| Refund due to customer | 265 | 1,232 | ||
| Promissory note payable-Related Party | - | 1,500 | ||
| Promissory notes payable, net | 3,985 | - | ||
| Promissory note payable-Nonrelated Party | - | 379 | ||
| Current portion of notes payable to related parties-Related Party | 2,150 | 265 | ||
| Other current liabilities | 50 | 62 | ||
| Reserve for sales returns | - | 521 | ||
| Current liabilities of discontinued operations | 426 | - | ||
| Total current liabilities | 10,495 | 9,250 | ||
| Promoissory note payable - semicab, inc., net of current portion-Related Party | - | 250 | ||
| Notes payable to related parties, net of current portion-Related Party | 250 | 385 | ||
| Total liabilities | 10,745 | 9,885 | ||
| Common stock, 0.01 par value 800,000,000 and 100,000,000 shares authorized2,641,778 and 470,825 shares issued and outstanding at september 30, 2025 and december 31, 2024 | 26 | 25 | ||
| Additional paid-in capital | 64,125 | 63,854 | ||
| Accumulated deficit | -61,910 | -58,948 | ||
| Preferred stock, 1.00 par value 1,000,000 shares authorized no shares issued and outstanding at june 30, 2025 and december 31, 2024 | - | 0 | ||
| Non-controlling interest | -1,383 | -1,363 | ||
| Treasury stock, 10,990 and 0 shares reserved at september 30, 2025 and december 31, 2024 | 758 | 758 | ||
| Total shareholders equity (deficit) | 100 | 2,810 | ||
| Total liabilities and shareholders equity (deficit) | 10,845 | 12,695 | ||
Algorhythm Holdings, Inc. (RIME)
Algorhythm Holdings, Inc. (RIME)