VATE: the balance sheet

MyFinsight

For the year ending 2025-12-31, VATE has $950,100K in assets. $1,165,400K in debts. $112,100K in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	112,100
Accounts receivable, net	241,100
Contract assets	64,100
Inventory	16,000
Other current assets	18,200
Total current assets	451,500
Investments	1,800
Deferred tax asset	2,000
Property, plant and equipment, net	141,800
Goodwill	127,000
Intangibles, net	165,200
Other assets	60,800
Total assets	950,100

Accounts payable	141,400
Accrued liabilities	122,500
Current portion of debt obligations	581,400
Contract liabilities	171,900
Other current liabilities	16,900
Total current liabilities	1,034,100
Deferred tax liability	4,700
Debt obligations	80,300
Other liabilities	46,300
Total liabilities	1,165,400
Preferred stock series a-3 and preferred stock series a-4, 0.001 par value shares authorized 20,000,000 shares issued and outstanding 6,125 of series a-3 1,937 and 10,000 of series a-4, respectively	9,300
Redeemable non-controlling interests	1,600
Total temporary equity	10,900
Additional paid-in capital	350,100
Treasury stock, at cost 163,842 and 148,800 shares, respectively	5,600
Accumulated deficit	-582,500
Accumulated other comprehensive loss	-2,100
Total innovate corp. stockholders deficit	-240,100
Non-controlling interests	13,900
Total stockholders deficit	-226,200
Total liabilities, temporary equity and stockholders deficit	950,100

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