For the quarter ending 2026-03-31, TRUG has $19,602,827 in assets. $17,094,738 in debts. $8,836,670 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Other current assets | - | - | - | 0 |
| Cash and cash equivalents | 8,836,670 | 10,469,263 | 11,435,121 | 8,059,359 |
| Restricted cash | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 |
| Accounts receivable, net | 1,314,837 | 1,060,709 | 2,246,756 | 2,185,888 |
| Inventory, net | 1,360,668 | 863,257 | 2,675,839 | 2,698,310 |
| Pipe exchange consideration | - | - | - | 5,651,310 |
| Prepaid expenses | 766,947 | 985,076 | 701,123 | 290,389 |
| Total current assets | 14,379,122 | 15,478,305 | 19,158,839 | 20,985,256 |
| Property and equipment, gross | - | 1,307,113 | 1,199,674 | - |
| Less accumulated depreciation | - | 951,614 | 953,325 | - |
| Property and equipment, net | 411,054 | 355,499 | 246,349 | 210,463 |
| Capitalized software development costs, net | 4,230,512 | 3,633,661 | 3,183,751 | 2,674,845 |
| Right-of-use assets | 551,116 | 682,648 | 364,253 | 455,925 |
| Other long-term assets | 31,023 | 31,023 | 31,023 | 31,023 |
| Total assets | 19,602,827 | 20,181,136 | 22,984,215 | 24,357,512 |
| Accounts payable | 3,186,999 | 2,767,385 | 2,813,124 | 3,209,831 |
| Deferred revenue | 6,610,869 | 5,560,725 | 6,186,620 | 5,009,228 |
| Notes payable, current portion-Nonrelated Party | 294,138 | - | 10,573 | 10,573 |
| Notes payable-Nonrelated Party | - | 9,733 | - | - |
| Pipe loan payable, net | - | - | - | 3,734,990 |
| Notes payable-Related Party | - | 2,537,000 | - | - |
| Notes payable, current portion-Related Party | 2,250,000 | - | 2,668,500 | 2,668,500 |
| Accrued and other current liabilities - assumed in merger | - | 45,008 | 45,008 | 45,008 |
| Line of credit, bank | 802,738 | 802,738 | 802,738 | 802,738 |
| Dividend notes payable | 118,362 | 118,362 | 118,362 | 118,362 |
| Accrued interest | 594,461 | 594,590 | 600,233 | 564,947 |
| Accrued and other current liabilities | 1,405,705 | 1,463,742 | 1,594,330 | 1,772,877 |
| Lease liability, current portion | 398,302 | 502,526 | 159,834 | 228,536 |
| Total current liabilities | 15,661,574 | 14,401,809 | 14,999,322 | 18,165,590 |
| Note payables, net of current portion-Nonrelated Party | - | - | 1,716 | 4,232 |
| Pipe loan payable, net | - | - | - | 0 |
| Note payables | - | 287,000 | 505,500 | 624,000 |
| Note payables, net of current portion | 268,500 | - | - | - |
| Gross sales royalty payable | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Lease liability, net of current portion | 164,664 | 191,944 | 220,551 | 250,002 |
| Total liabilities | 17,094,738 | 15,880,753 | 16,727,089 | 20,043,824 |
| Preferred stock value-Series AConvertible Preferred Stock | - | 1 | 1 | 0 |
| Common stock, value-Common Class A | - | 41 | - | - |
| Preferred stock value | - | - | - | 0 |
| Common Stock Value | - | 2 | - | - |
| Common stock value-Series ACommon Stock | 63 | - | 189 | 80 |
| Common stock value-Series BCommon Stock | 2 | 2 | 20 | 20 |
| Common stock value | - | - | - | 0 |
| Treasury stock at cost, 9 shares of common stock held, respectively | 2,382,000 | 2,037,000 | 2,037,000 | 2,037,000 |
| Additional paid-in capital | 49,376,386 | 47,413,839 | 45,111,416 | 33,497,876 |
| Accumulated deficit | -44,486,362 | -41,076,500 | -36,817,500 | -27,147,288 |
| Total stockholders equity | 2,508,089 | 4,300,383 | 6,257,126 | 4,313,688 |
| Total liabilities and stockholders equity | 19,602,827 | 20,181,136 | 22,984,215 | 24,357,512 |
TruGolf Holdings, Inc. (TRUG)
TruGolf Holdings, Inc. (TRUG)