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SOLESENCE, INC. (SLSN)

SOLESENCE, INC. (SLSN)

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Balance Sheets Overview

Current Ratio
97.14%
Quick Ratio
47.33%
Cash Ratio
4.02%
Unit: Thousand (K) dollars
Assets Breakdown
    • Equipment and leasehold improvem...
    • Trade accounts receivable
    • Operating leases, right of use
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated deficit
    • Current portion of line of credi...
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash
1,046
573
1,288
429
Trade accounts receivable
10,240
7,246
7,642
11,438
Allowance for credit losses
895
867
806
1,729
Trade accounts receivable, net
9,345
6,379
6,836
9,709
Inventories, net
12,957
17,559
18,511
18,869
Prepaid expenses and other current assets
1,922
1,902
2,141
3,785
Total current assets
25,270
26,413
28,776
32,792
Property plant and equipment,gross
-
-
38,032
-
Less accumulated depreciation and amortization
-
-
23,703
-
Equipment and leasehold improvements, net
14,794
14,746
14,329
13,938
Operating leases, right of use
6,337
6,598
6,913
7,257
Other assets, net
36
37
37
-
Total assets
46,437
47,794
50,055
53,987
Line of credit accounts receivable, related party
3,787
3,047
4,767
5,316
Current portion of line of credit, inventory, related party
9,500
-
-
-
Current portion of debt, related parties
1,000
-
-
-
Current portion of operating lease obligations
1,343
1,296
1,255
1,224
Accounts payable
4,968
4,672
4,098
4,826
Deferred revenue
1,937
1,165
930
1,197
Accrued expenses
3,478
2,511
2,879
5,301
Total current liabilities
26,013
12,691
13,929
17,864
Long-term portion of operating lease obligations
7,070
7,440
7,798
8,144
Long-term line of credit inventory, related party
-
9,500
9,500
9,500
Long-term debt, related party
-
1,000
1,000
1,000
Asset retirement obligations
200
196
194
252
Total long-term liabilities
7,270
18,136
18,492
18,896
Common stock, .01 par value, 95,000,000 shares authorized 70,647,045 and 70,614,045 shares issued and outstanding on june 30, 2026 and december 31, 2025, respectively
706
706
706
705
Additional paid-in capital
115,754
115,665
115,566
115,323
Accumulated deficit
-103,306
-99,404
-98,638
-98,801
Total stockholders equity
13,154
16,967
17,634
17,227
Total liabilities and stockholders equity
46,437
47,794
50,055
53,987
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Trade accountsreceivable$10,240K (-17.88%↓ Y/Y)Inventories, net$12,957K (-34.67%↓ Y/Y)Trade accountsreceivable, net$9,345K (-15.42%↓ Y/Y)Prepaid expenses andother current assets$1,922K (-49.17%↓ Y/Y)Cash$1,046K (-74.54%↓ Y/Y)Allowance for creditlosses$895K (-37.02%↓ Y/Y)Total current assets$25,270K (-34.82%↓ Y/Y)Equipment and leaseholdimprovements, net$14,794K (9.11%↑ Y/Y)Operating leases, right ofuse$6,337K (-16.91%↓ Y/Y)Other assets, net$36K Total assets$46,437K (-22.55%↓ Y/Y)Total liabilities andstockholders equity$46,437K (-22.55%↓ Y/Y)Total currentliabilities$26,013K (15.43%↑ Y/Y)Total stockholdersequity$13,154K (-27.68%↓ Y/Y)Total long-termliabilities$7,270K (-62.20%↓ Y/Y)Accumulated deficit-$103,306K (-5.76%↓ Y/Y)Current portion of lineof credit,...$9,500K Accounts payable$4,968K (-27.91%↓ Y/Y)Line of credit accounts receivable,...$3,787K (-37.91%↓ Y/Y)Accrued expenses$3,478K (-43.41%↓ Y/Y)Deferred revenue$1,937K (-10.70%↓ Y/Y)Current portion ofoperating lease...$1,343K (9.10%↑ Y/Y)Current portion of debt,related parties$1,000K Additional paid-in capital$115,754K (0.51%↑ Y/Y)Long-term portion ofoperating lease...$7,070K (-16.65%↓ Y/Y)Asset retirementobligations$200K (-20.00%↓ Y/Y)Common stock, .01 parvalue, 95,000,000...$706K (0.28%↑ Y/Y)