SPAI: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, SPAI has $9,695,387 in assets. $1,256,051 in debts.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Cash	7,597,009	805,596
Accounts receivable and other receivables, net	40,394	38,559
Inventory	493,547	306,288
Prepaid expenses and other current assets	291,340	181,395
Total current assets	8,422,290	1,331,838
Property and equipment, net	281,650	296,932
Goodwill	-	684,867
Right of use assets, net	77,952	96,733
Intangible assets, net	903,695	1,119,161
Security deposits	9,800	9,800
Total other assets	1,273,097	2,207,493
Total assets	9,695,387	3,539,331

Accounts payable	261,113	168,693
Accrued expenses	260,474	129,313
Accrued compensation	7,566	4,065
Due to related parties	432,731	384,878
Contract liabilities	73,007	45,401
Lease liabilities, current portion	73,417	77,561
Total current liabilities	1,108,308	809,911
Note payable	146,000	146,000
Lease liabilities, net of current portion	1,743	16,192
Total long-term liabilities	147,743	162,192
Total liabilities	1,256,051	972,103
Preferred stock, value-Series APreferred Stock	0	0
Preferred stock, value-Series BPreferred Stock	0	0
Preferred stock, value-Series CPreferred Stock	0	0
Common stock 0.0001 par value, 200,000,000 shares authorized, 18,846,881 and 14,534,685 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively	1,885	1,537
Additional paid-in capital	33,578,136	22,696,018
Accumulated deficit	-25,140,685	-20,130,327
Total shareholders equity	8,439,336	2,567,228
Total liabilities and shareholders equity	9,695,387	3,539,331

Unit: Dollar