TPCS: the balance sheet

MyFinsight

For the quarter ending 2025-12-31, TPCS has $32,796K in assets. $24,817K in debts. $50K in cash and cash equivalents.

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

Balance Sheets	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Cash and cash equivalents	50	220	143	195
Accounts receivable, less allowances for credit losses of 0 and 53, on december 31 and march 31, 2025	2,656	3,102	2,794	2,192
Contract assets	11,420	10,132	9,077	9,587
Raw materials	1,935	2,525	1,899	1,800
Work-in-process	988	1,197	1,320	1,082
Other current assets	515	552	405	490
Total current assets	17,564	17,728	15,638	15,346
Property, plant and equipment, net	11,370	12,091	12,296	13,791
Right of use asset, net	3,740	3,902	4,086	4,268
Other noncurrent assets	122	122	122	122
Total assets	32,796	33,843	32,142	33,527

Accounts payable	2,246	3,122	2,615	2,437
Accrued expenses	3,587	3,268	3,688	3,685
Contract liabilities	3,146	1,442	1,962	1,040
Customer deposits	1,631	1,631	1,631	1,631
Current portion of long-term lease liability	793	782	776	770
Current portion of long-term debt, net	6,650	7,199	5,714	7,353
Long-term equipment financing	-	-	-	3
Total current liabilities	18,053	17,444	16,386	16,916
Long-term lease liability	3,067	3,246	3,443	3,638
Other noncurrent liability	3,697	4,046	4,101	4,230
Total liabilities	24,817	24,736	23,930	24,787
Common stock - par value .0001 per share, 50,000,000 shares authorized shares issued and outstanding december 31, 2025 - 10,011,332 and 10,006,332, respectively. shares issued and outstanding march 31, 2025 - 9,761,825 and 9,751,825, respectively	1	1	1	1
Additional paid in capital	19,369	19,024	18,954	18,885
Accumulated deficit	-11,391	-9,918	-10,743	-10,146
Total stockholders' equity	7,979	9,107	8,212	8,740
Total liabilities and stockholders' equity	32,796	33,843	32,142	33,527

Unit: Thousand (K) dollars