For the quarter ending 2025-09-30, SNAL has $51,063,145 in assets. $72,138,991 in debts. $12,284,675 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 12,284,675 | 7,905,426 | ||
| Accounts receivable-Related Party | - | 0 | ||
| Accounts receivable-Nonrelated Party | 7,498,570 | 17,675,727 | ||
| Loan and interest receivable related party-Related Party | 107,255 | 106,751 | ||
| Prepaid expenses related party | 9,009,917 | 5,658,551 | ||
| Prepaid expenses and other current assets | 1,331,103 | 1,308,225 | ||
| Prepaid taxes | 4,424,557 | 6,156,775 | ||
| Total current assets | 34,656,077 | 38,811,455 | ||
| Accounts receivable related party, net of current portion-Related Party | - | 0 | ||
| Restricted cash and cash equivalents | 935,000 | 935,000 | ||
| Prepaid expenses related party, net of current portion | 5,582,500 | 7,970,000 | ||
| Property and equipment | 9,073,378 | - | ||
| Accumulated depreciation | 4,889,496 | - | ||
| Property and equipment, net | 4,183,882 | 4,242,686 | ||
| Intangible assets, net | 4,383,534 | 3,514,699 | ||
| Deferred income taxes | 3,471 | 2,486 | ||
| Other noncurrent assets, net | 911,131 | 1,804,181 | ||
| Operating lease right-of-use assets, net | 407,550 | 676,918 | ||
| Total assets | 51,063,145 | 57,957,425 | ||
| Accounts payable-Nonrelated Party | 4,850,866 | 4,480,133 | ||
| Accounts payable-Related Party | 14,767,849 | 16,134,033 | ||
| Accrued expenses and other liabilities | 4,485,600 | 5,168,792 | ||
| Interest payable related parties | 527,770 | 527,770 | ||
| Revolving loan | 3,000,000 | 3,000,000 | ||
| Convertible notes at fair value | 1,598,589 | 2,415,050 | ||
| Current portion of long-term promissory note | 5,886,472 | 6,179,531 | ||
| Current portion of deferred revenue | 30,211,054 | 16,601,595 | ||
| Current portion of operating lease liabilities | 279,862 | 653,936 | ||
| Total current liabilities | 65,608,062 | 55,160,840 | ||
| Accrued expenses | 265,251 | 265,251 | ||
| Deferred revenue, net of current portion | 6,158,047 | 15,940,898 | ||
| Operating lease liabilities, net of current portion | 107,631 | 82,100 | ||
| Total liabilities | 72,138,991 | 71,449,089 | ||
| Common stock, value-Common Class A | 1,022 | 1,001 | ||
| Common stock, value-Common Class B | 2,875 | 2,875 | ||
| Additional paid-in capital | 26,777,076 | 26,501,044 | ||
| Accumulated other comprehensive loss | -188,156 | -193,615 | ||
| Accumulated deficit | -38,490,357 | -30,625,816 | ||
| Treasury stock at cost (1,350,275 shares as of september 30, 2025 and december 31, 2024) | 3,671,806 | 3,671,806 | ||
| Total snail, inc. equity (deficit) | -15,569,346 | -7,986,317 | ||
| Noncontrolling interests | -5,506,500 | -5,505,347 | ||
| Total stockholders equity (deficit) | -21,075,846 | -13,491,664 | ||
| Total liabilities, noncontrolling interests and stockholders equity | 51,063,145 | 57,957,425 | ||
Snail, Inc. (SNAL)
Snail, Inc. (SNAL)