For the quarter ending 2026-03-31, XPON has $7,530,279 in assets. $1,480,680 in debts. $3,056,538 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 3,056,538 | 2,969,096 | 4,293,797 | 684,920 |
| Accounts receivable, net | 616,448 | 718,964 | 567,991 | 715,724 |
| Inventory | 2,433,581 | 2,858,780 | 3,631,659 | 5,138,263 |
| Prepaid/in-transit inventory | 174,362 | 318,440 | 581,837 | 485,507 |
| Prepaid expenses and other current assets | 326,353 | 179,645 | 485,452 | 350,848 |
| Total current assets | 6,607,282 | 7,044,925 | 9,560,736 | 7,375,262 |
| Property and equipment | 807,083 | 807,083 | 807,082 | 807,082 |
| Accumulated depreciation | 503,774 | 478,861 | 453,857 | 427,459 |
| Property and equipment, net | 303,309 | 328,222 | 353,225 | 379,623 |
| Operating leases right-of-use asset | 587,672 | 666,199 | 743,024 | 818,188 |
| Deposits | 32,016 | 32,016 | 32,016 | 32,016 |
| Total other assets | 619,688 | 698,215 | 775,040 | 850,204 |
| Total assets | 7,530,279 | 8,071,362 | 10,689,001 | 8,605,089 |
| Accounts payable | 419,599 | 403,792 | 522,794 | 675,351 |
| Customer deposits | 1,042 | 2,978 | 6,516 | 48,693 |
| Accrued expenses and other current liabilities | 241,448 | 221,863 | 154,426 | 250,390 |
| Suspended liability | - | - | - | 4,485,948 |
| Current portion of operating lease liability | 332,410 | 337,246 | 327,683 | 318,335 |
| Current portion of long-term debt | 31,572 | 31,058 | 30,553 | 30,772 |
| Total current liabilities | 1,026,071 | 996,937 | 1,041,972 | 5,809,489 |
| Long-term debt, net of current portion and discount | 158,106 | 166,187 | 175,022 | 182,842 |
| Operating lease liability, net of current portion | 296,503 | 372,478 | 459,942 | 545,535 |
| Total liabilities | 1,480,680 | 1,535,602 | 1,676,936 | 6,537,866 |
| Common stock, par value 0.001 200,000,000 shares authorized 11,438,298 and 9,781,739 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 11,438 | 9,782 | 8,644 | 3,374 |
| Additional paid-in capital | 48,610,756 | 47,336,405 | 45,376,727 | 39,159,947 |
| Accumulated deficit | -42,572,595 | -40,810,427 | -36,373,306 | -37,096,098 |
| Total stockholders equity | 6,049,599 | 6,535,760 | 9,012,065 | 2,067,223 |
| Total liabilities and stockholders equity | 7,530,279 | 8,071,362 | 10,689,001 | 8,605,089 |