For the quarter ending 2025-09-30, TRUG has $22,984,215 in assets. $16,727,089 in debts. $11,435,121 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Other current assets | - | 0 | ||
| Cash and cash equivalents | 11,435,121 | 8,059,359 | ||
| Restricted cash | 2,100,000 | 2,100,000 | ||
| Accounts receivable, net | 2,246,756 | 2,185,888 | ||
| Inventory, net | 2,675,839 | 2,698,310 | ||
| Pipe exchange consideration | - | 5,651,310 | ||
| Prepaid expenses and other current assets | 701,123 | 290,389 | ||
| Total current assets | 19,158,839 | 20,985,256 | ||
| Property and equipment, gross | 1,199,674 | - | ||
| Less accumulated depreciation | 953,325 | - | ||
| Property and equipment, net | 246,349 | 210,463 | ||
| Capitalized software development costs, net | 3,183,751 | 2,674,845 | ||
| Right-of-use assets | 364,253 | 455,925 | ||
| Other long-term assets | 31,023 | 31,023 | ||
| Total assets | 22,984,215 | 24,357,512 | ||
| Accounts payable | 2,813,124 | 3,209,831 | ||
| Deferred revenue | 6,186,620 | 5,009,228 | ||
| Notes payable, current portion-Nonrelated Party | 10,573 | 10,573 | ||
| Pipe loan payable, net | - | 3,734,990 | ||
| Notes payable, current portion-Related Party | 2,668,500 | 2,668,500 | ||
| Line of credit, bank | 802,738 | 802,738 | ||
| Dividend notes payable | 118,362 | 118,362 | ||
| Accrued interest | 600,233 | 564,947 | ||
| Accrued and other current liabilities | 1,594,330 | 1,772,877 | ||
| Accrued and other current liabilities - assumed in merger | 45,008 | 45,008 | ||
| Lease liability, current portion | 159,834 | 228,536 | ||
| Total current liabilities | 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, net of current portion-Related Party | 505,500 | 624,000 | ||
| Gross sales royalty payable | 1,000,000 | 1,000,000 | ||
| Lease liability, net of current portion | 220,551 | 250,002 | ||
| Total liabilities | 16,727,089 | 20,043,824 | ||
| Preferred stock value-Series AConvertible Preferred Stock | 1 | 0 | ||
| Preferred stock value | - | 0 | ||
| Common stock value-Series ACommon Stock | 189 | 80 | ||
| Common stock value-Series BCommon Stock | 20 | 20 | ||
| Common stock value | - | 0 | ||
| Treasury stock at cost, 94 shares of common stock held, respectively | 2,037,000 | 2,037,000 | ||
| Additional paid-in capital | 45,111,416 | 33,497,876 | ||
| Accumulated deficit | -36,817,500 | -27,147,288 | ||
| Total stockholders equity (deficit) | 6,257,126 | 4,313,688 | ||
| Total liabilities and stockholders equity (deficit) | 22,984,215 | 24,357,512 | ||
TruGolf Holdings, Inc. (TRUG)
TruGolf Holdings, Inc. (TRUG)