For the quarter ending 2025-09-30, SLSN has $53,987K in assets. $429K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 429 | 4,108 | ||
| Trade accounts receivable | 11,438 | 12,470 | ||
| Allowance for credit losses | 1,729 | 1,421 | ||
| Trade accounts receivable, net | 9,709 | 11,049 | ||
| Inventories, net | 18,869 | 19,832 | ||
| Prepaid expenses and other current assets | 3,785 | 3,781 | ||
| Total current assets | 32,792 | 38,770 | ||
| Equipment and leasehold improvements, net | 13,938 | 13,559 | ||
| Other assets, net | - | 0 | ||
| Operating leases, right of use | 7,257 | 7,627 | ||
| Total assets | 53,987 | 59,956 | ||
| Current portion of term debt, related party | - | 0 | ||
| Line of credit accounts receivable, related party | 5,316 | 6,099 | ||
| Current portion of operating lease obligations | 1,224 | 1,231 | ||
| Accounts payable | 4,826 | 6,891 | ||
| Deferred revenue | 1,197 | 2,169 | ||
| Current portion of line of credit inventory, related party | - | 0 | ||
| Accrued expenses | 5,301 | 6,146 | ||
| Total current liabilities | 17,864 | 22,536 | ||
| Long-term portion of operating lease obligations | 8,144 | 8,482 | ||
| Long-term portion of line of credit inventory, related party | 9,500 | 9,500 | ||
| Long-term portion of term debt, related party | 1,000 | 1,000 | ||
| Asset retirement obligations | 252 | 250 | ||
| Preferred stock, .01 par value, 24,088 shares authorized, and no shares issued and outstanding | - | 0 | ||
| Total long-term liabilities | 18,896 | 19,232 | ||
| Common stock, .01 par value, 95,000,000 shares authorized 70,536,845 and 70,103,279 shares issued and outstanding on september 30, 2025 and december 31 2024, respectively | 705 | 704 | ||
| Additional paid-in capital | 115,323 | 115,165 | ||
| Accumulated deficit | -98,801 | -97,681 | ||
| Total stockholders equity | 17,227 | 18,188 | ||
| Total liabilities and stockholders equity | 53,987 | 59,956 | ||
SOLESENCE, INC. (SLSN)
SOLESENCE, INC. (SLSN)