XAGEW: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, XAGEW has $3,298,979 in assets. $7,276,342 in debts.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Cash	1,109,228	1,551,199
Accounts receivable	46,522	54,496
Inventory	1,013,368	1,172,634
Prepaid expenses	372,991	95,720
Deferred offering costs	0	65,000
Income taxes receivable	301,838	301,838
Total current assets	2,843,947	3,240,887
Operating lease right of use asset	322,047	343,426
Property and equipment, gross	877,403	-
Less accumulated depreciation	760,649	-
Property and equipment, net of accumulated depreciation of 760,649 and 701,655, respectively	116,754	117,662
Intangible assets, net of accumulated amortization of 54,515 and 51,105, respectively	16,231	17,367
Total assets	3,298,979	3,719,342

Accounts payable	4,171,099	4,590,542
Accrued interest	1,175,845	1,175,845
Accrued expenses and other liabilities	997,865	920,049
Loans payable	286,059	16,672
Consideration payable	67,742	67,742
Earnout liabilities	49,070	51,325
Operating lease liability	93,314	91,473
Total current liabilities	6,840,994	6,913,648
Earnout payable, net of current portion	196,089	279,938
Operating lease liability, net of current portion	239,259	263,290
Total liabilities	7,276,342	7,456,876
Common stock, 0.0001 par value, 250,000,000 shares authorized, and 1,781,738 and 696,969 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively	178	148
Additionalpaid-incapital	69,716,181	68,526,285
Accumulated deficit	-73,693,722	-72,263,967
Total stockholders' deficit	-3,977,363	-3,737,534
Total liabilities and stockholders' deficit	3,298,979	3,719,342