WRAP: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, WRAP has $16,722K in assets. $2,288K in debts. $7,264K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
758.60%
Quick Ratio
515.15%
Cash Ratio
380.71%
Debt to Asset Ratio
13.68%
Unit: Thousand (K) dollars
Assets Breakdown
Cash and cash equivalents
Accounts receivable and contract...
Accumulated amortization
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Accounts payable
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	7,264	3,468	5,965	4,177
Accounts receivable and contract assets, net	1,991	2,787	1,822	906
Inventories, net	4,645	4,971	5,461	5,904
Prepaid expenses and other current assets	574	194	334	334
Total current assets	14,474	11,420	13,582	11,321
Property and equipment, gross	-	1,225	1,214	-
Accumulated depreciation	-	1,102	1,076	-
Property and equipment, net	105	123	138	87
Operating lease right-of-use asset, net	447	2,175	2,242	1,814
Gross amortizable intangibles	2,074	2,021	3,344	-
Accumulated amortization	903	870	1,618	-
Total amortizable, net	1,171	1,151	1,726	-
Indefinite life assets (non-amortizable)	421	421	421	-
Intangible assets, net	1,592	1,572	2,147	2,262
Other assets	104	128	128	128
Total assets	16,722	15,418	18,237	15,612

Accounts payable	787	620	596	583
Accrued liabilities	531	407	563	872
Customer deposits	51	62	61	27
Warrants- short term	-	-	0	0
Deferred revenue - short term	449	408	382	302
Operating lease liability - short term	90	320	305	218
Total current liabilities	1,908	1,817	1,907	2,002
Deferred revenue - long term	11	14	18	23
Operating lease liability - long term	369	2,097	2,186	1,826
Total long-term liabilities	380	2,111	2,204	1,849
Preferred stock-Convertible Preferred Stock	-	-	-	0
Total liabilities	2,288	3,928	4,111	3,851
Preferred stock	0	0	0	0
Common stock - 200,000,000 authorized par value 0.0001 per share 55,506,692 and 51,733,217 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively	5	5	5	5
Preferred stock-Series AConvertible Preferred Stock	0	0	0	-
Preferred stock-Series BConvertible Preferred Stock	0	0	0	-
Additional paid-in capital	135,537	127,804	126,085	120,783
Accumulated deficit	-121,108	-116,319	-111,964	-109,027
Accumulated other comprehensive loss	-	0	-	-
Total stockholders' equity	14,434	11,490	14,126	11,761
Total liabilities and stockholders' equity	16,722	15,418	18,237	15,612

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets