Nocopi Technologies Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	11.5	10.84	2.27	0.92	1.85	1.36
Short-Term Investments	-	-	7.99	4.39	-	-
Cash & Short-Term Investments	11.5	10.84	10.25	5.3	1.85	1.36
Cash Growth	5.09%	5.70%	93.39%	187.14%	35.51%	98.08%
Accounts Receivable	0.99	1.23	1.12	1.1	0.97	1.28
Other Receivables	-	-	0.16	0.04	-	-
Receivables	0.99	1.23	1.28	1.14	0.97	1.28
Inventory	0.4	0.35	0.45	0.49	0.42	0.32
Prepaid Expenses	0.1	0.16	0.12	0.1	0.16	0.1
Total Current Assets	12.99	12.58	12.11	7.03	3.4	3.07
Property, Plant & Equipment	0.19	0.05	0.05	0.12	0.2	0.25
Long-Term Accounts Receivable	0.92	1.29	-	-	-	-
Other Long-Term Assets	-	-	1.84	2.46	0.19	0.56
Total Assets	14.1	13.92	14	9.62	3.79	3.87
Accounts Payable	0.06	0.02	0.03	0.1	0	0.01
Accrued Expenses	0.11	0.14	1.44	0.17	0.15	0.18
Current Portion of Leases	0.08	0.04	0.02	0.05	0.05	0.04
Current Income Taxes Payable	-	-	-	0.29	-	0.04
Total Current Liabilities	0.26	0.19	1.49	0.61	0.2	0.27
Long-Term Leases	0.11	-	-	0.02	0.07	0.12
Other Long-Term Liabilities	0.06	0.09	0.13	0.17	0.01	0.04
Total Liabilities	0.43	0.28	1.62	0.8	0.28	0.42
Common Stock	0.11	0.11	0.11	0.09	0.07	0.67
Additional Paid-In Capital	25.67	25.58	21.65	16.66	13.18	12.58
Retained Earnings	-12.11	-12.05	-9.37	-7.93	-9.75	-9.8
Shareholders' Equity	13.67	13.64	12.38	8.82	3.51	3.45
Total Liabilities & Equity	14.1	13.92	14	9.62	3.79	3.87
Total Debt	0.19	0.04	0.02	0.07	0.12	0.16
Net Cash (Debt)	11.31	10.8	10.24	5.23	1.73	1.2
Net Cash Growth	3.87%	5.54%	95.58%	202.40%	43.94%	209.84%
Net Cash Per Share	1.05	1.03	1.06	0.69	0.26	0.19
Filing Date Shares Outstanding	10.81	10.79	10.5	9.25	6.75	6.74
Total Common Shares Outstanding	10.81	10.79	10.5	9.25	6.75	6.74
Working Capital	12.73	12.39	10.62	6.42	3.2	2.8
Book Value Per Share	1.26	1.26	1.18	0.95	0.52	0.51
Tangible Book Value	13.67	13.64	12.38	8.82	3.51	3.45
Tangible Book Value Per Share	1.26	1.26	1.18	0.95	0.52	0.51
Machinery	0.18	0.18	0.17	0.16	0.16	0.16
Leasehold Improvements	0.08	0.08	0.08	0.06	0.06	0.03

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.