TPCS: the balance sheet

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TECHPRECISION CORP (TPCS)

Balance Sheets	2026-03-31	2025-03-31
Cash and cash equivalents	NaN	195
Cash	431	NaN
Accounts receivable, less allowances for credit losses of 0 and 53, on march 31, 2026 and 2025, respectively	2,488	2,192
Contract assets	10,808	9,587
Raw materials	1,927	1,800
Work-in-process	1,027	1,082
Other current assets	1,045	490
Total current assets	17,726	15,346
Property, plant and equipment, net	10,874	13,791
Right of use asset, net	3,550	4,268
Other noncurrent assets	122	122
Total assets	32,272	33,527

Accounts payable	2,415	2,437
Accrued expenses	3,868	3,685
Income taxes payable	31	NaN
Contract liabilities	2,917	1,040
Customer deposits	1,252	1,631
Current portion of long-term lease liability	800	770
Current portion of long-term debt, net	6,884	7,353
Long-term equipment financing	NaN	3
Total current liabilities	18,167	16,916
Long-term lease liability	2,864	3,638
Other noncurrent liability	3,568	4,230
Total liabilities	24,599	24,787
Common stock - par value .0001 per share, 50,000,000 shares authorized shares issued and outstanding march 31, 2026 - 10,078,381 and 10,024,469 march 31, 2025 - 9,761,825 and 9,751,825, respectively	1	1
Additional paid in capital	19,482	18,885
Accumulated deficit	-11,810	-10,146
Total stockholders' equity	7,673	8,740
Total liabilities and stockholders' equity	32,272	33,527

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