SONDW: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, SONDW has $1,004,807K in assets. $1,490,032K in debts. $27,130K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-06-30	2025-03-31
Cash and cash equivalents	27,130	23,329
Restricted cash	43,828	43,191
Accounts receivable, net of allowance of 15,953 and 14,587 at june30, 2025 and december31, 2024, respectively	12,003	8,526
Prepaid expenses	2,597	3,646
Other current assets	11,605	9,785
Total current assets	97,163	88,477
Property and equipment, net	4,387	4,383
Operating lease right-of-use (rou) assets	882,139	920,727
Othernon-currentassets	21,118	19,142
Total assets	1,004,807	1,032,729

Accounts payable	49,193	49,217
Accrued liabilities	36,167	34,463
Taxes payable	23,471	22,890
Deferred revenue	96,150	101,068
Other current liabilities	19,822	7,155
Current portion of long-term debt	1,000	1,000
Current operating lease liabilities	162,349	168,751
Total current liabilities	388,152	384,544
Non-current operating lease liabilities	867,816	907,266
Long-term debt, net	217,922	226,161
Othernon-currentliabilities	16,142	8,070
Total liabilities	1,490,032	1,526,041
Series a redeemable convertible preferred stock 0.0001 par value 250,000,000 shares authorized at june 30, 2025 and december 31, 2024, 59,690,000 and 43,300,000 shares issued and outstanding at june30, 2025 and december31, 2024, respectively	230,212	163,434
Common stock	1	1
Additionalpaid-incapital	971,552	978,855
Cumulative translation adjustment	-2,704	4,161
Accumulated deficit	-1,684,286	-1,639,763
Total stockholders deficit	-715,437	-656,746
Total liabilities and stockholders deficit	1,004,807	1,032,729