SWAG: the balance sheet

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For the quarter ending 2026-03-31, SWAG has $53,157K in assets. $21,755K in debts. $7,648K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
219.54%
Quick Ratio
175.81%
Cash Ratio
39.11%
Debt to Asset Ratio
40.93%
Unit: Thousand (K) dollars
Assets Breakdown
Cash and cash equivalents
Investments
Intangible assets - customer lis...
Others
Liabilities Breakdown
Additional paid-in capital
Accounts payable and accrued exp...
Accumulated deficit
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	7,648	6,753	6,697	13,070
Investments	5,115	4,872	5,058	4,997
Prepaid corporate taxes	-	-	63	0
Accounts receivable, net	17,444	17,252	16,626	22,063
Accounts receivable - related parties, net-Related Party	-	-	402	402
Inventory	8,553	7,621	7,740	6,736
Prepaid expenses	3,359	1,778	2,163	2,391
Other current assets	-	2	2	4
Deposits	813	363	580	467
Total current assets	42,932	38,641	39,331	50,130
Property and equipment, gross	-	4,311	4,203	-
Accumulated depreciation	-	2,367	2,251	-
Property and equipment, net	1,775	1,944	1,952	1,618
Intangible assets - customer lists, net	3,568	3,690	3,812	3,934
Intangible assets - trade name	654	654	654	654
Goodwill	2,321	2,321	2,321	2,321
Other assets	-	53	-	222
Right of use assets	1,907	2,045	2,192	2,336
Total other assets	8,450	8,763	8,979	9,467
Total assets	53,157	49,348	50,262	61,215

Accounts payable and accrued expenses	9,992	8,568	7,462	9,513
Accrued payroll and related	1,587	1,970	1,605	2,044
Corporate taxes payable	-	-	-	9
Unearned revenue	5,520	3,201	4,159	4,817
Rewards program liability	923	1,500	2,951	9,000
Sales tax payable	550	327	251	315
Corporate taxes payable	71	-	-	-
Current portion of contingent earn-out liabilities	105	105	105	105
Current portion of installment payment liabilities	210	230	170	158
Current portion of lease liabilities	597	602	615	661
Total current liabilities	19,555	16,503	17,318	26,622
Long-term contingent earn-out liabilities	455	455	455	455
Long-term installment payment liabilities	145	147	400	425
Long-term lease liabilities	1,555	1,695	1,861	1,880
Other liabilities	-	-	32	-
Loan - vehicle	45	47	-	-
Total long-term liabilities	2,200	2,344	2,748	2,760
Total liabilities	21,755	18,847	20,066	29,382
Common stock, 0.0001 par value 300,000,000 shares authorized, 18,770,157 and 18,508,157 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively	2	2	2	2
Additional paid-in capital	38,084	37,925	37,902	38,285
Accumulated deficit	-6,745	-7,489	-7,732	-6,492
Accumulated other comprehensive income	61	63	24	38
Total stockholders equity	31,402	30,501	30,196	31,833
Total liabilities and stockholders equity	53,157	49,348	50,262	61,215

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets