rime: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, RIME has $12,695K in assets. $9,885K in debts.

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

Balance Sheets	2025-06-30
Property and equipment, net	252
Intangible assets, net	315
Prepaid expenses and other current assets	1,219
Returns asset	93
Note receivable - related party-Related Party	0
Inventory	2,733
Cash	1,134
Accounts receivable-Related Party	124
Accounts receivable-Nonrelated Party	2,317
Total current assets	7,620
Other non-current assets	90
Goodwill	4,418
Total assets	12,695

Notes payable to related parties, net of current portion-Related Party	385
Promissory note payable-Related Party	1,500
Promissory note payable-Nonrelated Party	379
Other current liabilities	62
Current portion of notes payable to related parties-Related Party	265
Warrant liability	0
Refund due to customer	1,232
Accrued expenses	3,295
Accounts payable	1,996
Reserve for sales returns	521
Total current liabilities	9,250
Promoissory note payable - semicab, inc., net of current portion-Related Party	250
Total liabilities	9,885
Treasury stock, 10,990 and 0 shares reserved at june 30, 2025 and december 31, 2024	758
Accumulated deficit	-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	-1,363
Common stock, 0.01 par value 800,000,000 and 100,000,000 shares authorized 2,514,571 and 470,825 shares issued and outstanding at june 30, 2025 and december 31, 2024	25
Additional paid-in capital	63,854
Total algorhythm holdings shareholders equity (deficit)	2,810
Total liabilities and shareholders equity (deficit)	12,695