| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 573 | 1,288 | 429 | 4,108 |
| Trade accounts receivable | 7,246 | 7,642 | 11,438 | 12,470 |
| Allowance for credit losses | 867 | 806 | 1,729 | 1,421 |
| Trade accounts receivable, net | 6,379 | 6,836 | 9,709 | 11,049 |
| Inventories, net | 17,559 | 18,511 | 18,869 | 19,832 |
| Prepaid expenses and other current assets | 1,902 | 2,141 | 3,785 | 3,781 |
| Total current assets | 26,413 | 28,776 | 32,792 | 38,770 |
| Property plant and equipment,gross | NaN | 38,032 | NaN | NaN |
| Less accumulated depreciation and amortization | NaN | 23,703 | NaN | NaN |
| Equipment and leasehold improvements, net | 14,746 | 14,329 | 13,938 | 13,559 |
| Operating leases, right of use | 6,598 | 6,913 | 7,257 | 7,627 |
| Other assets, net | 37 | 37 | NaN | 0 |
| Total assets | 47,794 | 50,055 | 53,987 | 59,956 |
| Current portion of term debt, related party | NaN | NaN | NaN | 0 |
| Line of credit accounts receivable, related party | 3,047 | 4,767 | 5,316 | 6,099 |
| Current portion of operating lease obligations | 1,296 | 1,255 | 1,224 | 1,231 |
| Accounts payable | 4,672 | 4,098 | 4,826 | 6,891 |
| Deferred revenue | 1,165 | 930 | 1,197 | 2,169 |
| Current portion of line of credit inventory, related party | NaN | NaN | NaN | 0 |
| Accrued expenses | 2,511 | 2,879 | 5,301 | 6,146 |
| Total current liabilities | 12,691 | 13,929 | 17,864 | 22,536 |
| Long-term portion of operating lease obligations | 7,440 | 7,798 | 8,144 | 8,482 |
| Long-term line of credit inventory, related party | 9,500 | 9,500 | 9,500 | 9,500 |
| Long-term debt, related party | 1,000 | 1,000 | 1,000 | 1,000 |
| Asset retirement obligations | 196 | 194 | 252 | 250 |
| Preferred stock, .01 par value, 24,088 shares authorized, and no shares issued and outstanding | NaN | NaN | NaN | 0 |
| Total long-term liabilities | 18,136 | 18,492 | 18,896 | 19,232 |
| Common stock, .01 par value, 95,000,000 shares authorized 70,632,445 and 70,614,045 shares issued and outstanding on march 31, 2026 and december 31, 2025, respectively | 706 | 706 | 705 | 704 |
| Additional paid-in capital | 115,665 | 115,566 | 115,323 | 115,165 |
| Accumulated deficit | -99,404 | -98,638 | -98,801 | -97,681 |
| Total stockholders equity | 16,967 | 17,634 | 17,227 | 18,188 |
| Total liabilities and stockholders equity | 47,794 | 50,055 | 53,987 | 59,956 |
SOLESENCE, INC. (SLSN)
SOLESENCE, INC. (SLSN)