For the quarter ending 2025-09-30, SKYX has $58,414,184 in assets. $57,253,277 in debts. $7,829,739 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 7,829,739 | 12,846,554 | ||
| Accounts receivable | 3,155,426 | 2,330,651 | ||
| Inventory, net | 3,716,758 | 3,104,442 | ||
| Prepaid expenses and other assets | 1,736,273 | 2,149,581 | ||
| Total current assets | 16,438,196 | 20,431,228 | ||
| Total | 1,306,929 | - | ||
| Less accumulated depreciation | 952,738 | - | ||
| Property and equipment, net | 354,191 | 1,992,228 | ||
| Restricted cash | 2,050,000 | 2,861,054 | ||
| Right of use assets | 18,088,768 | 18,625,498 | ||
| Intangibles, definite life | 5,121,008 | 4,167,224 | ||
| Goodwill | 16,157,000 | 16,157,000 | ||
| Other assets | 205,021 | 204,807 | ||
| Total long term assets | 41,975,988 | 44,007,811 | ||
| Total assets | 58,414,184 | 64,439,039 | ||
| Accounts payable and accrued expenses | 14,844,370 | - | ||
| Notes payable, current | 488,605 | 3,712,275 | ||
| Operating lease liabilities | 2,547,608 | 2,480,929 | ||
| Royalty obligations | 750,000 | 800,000 | ||
| Deferred revenues | 2,772,112 | 2,402,126 | ||
| Accounts payable and accrued expenses-Related Party | - | 187,597 | ||
| Convertible notes-Related Party | 950,000 | 950,000 | ||
| Accounts payable and accrued expenses-Nonrelated Party | - | 15,212,592 | ||
| Convertible notes-Nonrelated Party | 2,810,261 | 3,292,408 | ||
| Total current liabilities | 25,162,956 | 29,037,927 | ||
| Long term accounts payable | 885,188 | 1,243,060 | ||
| Notes payable | 145,022 | 233,232 | ||
| Operating lease liabilities | 18,451,841 | 19,105,110 | ||
| Royalty obligations | 650,000 | 700,000 | ||
| Convertible notes | 11,958,270 | 8,429,771 | ||
| Total long-term liabilities | 32,090,321 | 29,711,173 | ||
| Total liabilities | 57,253,277 | 58,749,100 | ||
| Series a preferred stock-shares authorized 400,000, outstanding 200,000 and 200,000 | 5,000,000 | 5,000,000 | ||
| Series a-1 preferred stock-shares authorized 480,000, outstanding 374,000 and 240,000 | 9,174,167 | 9,174,167 | ||
| Common stock and additional paid-in-capital shares authorized 500,000,000 outstanding 112,666,177 and 103,358,975 | 195,040,922 | 191,667,028 | ||
| Accumulated deficit | -208,054,182 | -200,151,256 | ||
| Total stockholders equity (deficit) | -3,839,093 | 689,939 | ||
| Total liabilities and stockholders equity (deficit) | 58,414,184 | 64,439,039 | ||
SKYX Platforms Corp. (SKYX)
SKYX Platforms Corp. (SKYX)