For the quarter ending 2025-09-30, STAI has $5,146,328 in assets. $46,415,775 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Cash | 157,646 | 41,123 | 771,171 | |
| Prepaid expenses | - | 423,339 | 469,157 | |
| Prepaid expenses and other current assets | 397,782 | - | - | |
| Prepaid inventory | 57,071 | 90,857 | 1,215,027 | |
| Research and development tax credit receivable | 38,475 | 99,755 | 135,437 | |
| Inventories | 1,541,348 | 1,821,763 | 1,313,777 | |
| Security pledged to creditors - common stock | - | 2,065,422 | 1,111,322 | |
| Securities pledged to creditors - common stock | 2,872,653 | - | - | |
| Total current assets | 5,064,975 | 4,542,259 | 5,015,891 | |
| Property and equipment, net | 45,020 | 50,214 | 50,116 | |
| Other long-term assets | 36,333 | 36,333 | 36,333 | |
| Total assets | 5,146,328 | 4,628,806 | 5,102,340 | |
| Accrued issuable equity | - | - | 6,090,000 | |
| Accounts payable | 3,533,531 | 4,661,098 | 4,978,453 | |
| Accrued advisory fees | 7,625,000 | 7,625,000 | 7,625,000 | |
| Accrued expenses and other current liabilities | 316,433 | 290,271 | 2,583,627 | |
| Accrued compensation | 950,020 | 1,048,403 | 672,366 | |
| Accrued federal tax liability, including penalties and interest | 6,062,983 | 5,936,772 | 5,827,023 | |
| Interest payable-Nonrelated Party | 693,202 | 385,870 | 1,406,735 | |
| Interest payable-Related Party | 992,348 | 642,860 | 330,783 | |
| Deferred revenue | 727,634 | 755,405 | 1,275,657 | |
| Related parties payable | 105,095 | 455,095 | 1,255,095 | |
| Short-term debt, net-Nonrelated Party | 7,700,078 | 5,570,250 | 5,795,456 | |
| Total current liabilities | 28,706,324 | 27,371,024 | 37,840,195 | |
| Long-term debt, net-Nonrelated Party | 3,000,000 | 3,000,000 | 3,000,000 | |
| Long-term debt, net-Related Party | 14,701,451 | 14,701,451 | 14,701,451 | |
| Earn-out liability | 8,000 | 13,000 | 30,000 | |
| Total liabilities | 46,415,775 | 45,085,475 | 55,571,646 | |
| Common stock, 0.0001 par value 500,000,000 shares authorized 65,067,752 shares issued and outstanding as of september 30, 2025 14,184,397 as of december 31, 2024 | 6,507 | 4,826 | 2,561 | |
| Shares to be issued (851,083 shares of common stock as of september 30, 2025 none as of december 31, 2024) | 491,612 | 250,000 | 20,684,324 | |
| Additional paid-in capital | 177,228,725 | 168,611,934 | 131,227,059 | |
| Accumulated deficit | -218,996,291 | -209,323,429 | -202,383,250 | |
| Total shareholders' deficit | -41,269,447 | -40,456,669 | -50,469,306 | |
| Total liabilities and shareholders' deficit | 5,146,328 | 4,628,806 | 5,102,340 | |
ScanTech AI Systems Inc. (STAI)
ScanTech AI Systems Inc. (STAI)