The Trendlines Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	4.82	4.97	6.11	5.95	14.31
Short-Term Investments	-	0.92	-	2	4.15
Cash & Short-Term Investments	4.82	5.89	6.11	7.95	18.46
Cash Growth	-18.27%	-3.54%	-23.15%	-56.92%	73.22%
Accounts Receivable	2.18	0.4	0.39	2.87	0.67
Other Receivables	-	0.38	2	2.08	2.69
Receivables	2.45	0.9	2.51	5.03	3.65
Other Current Assets	0.11	0.09	0.09	0.09	0.1
Total Current Assets	7.38	6.88	8.71	13.08	22.21
Property, Plant & Equipment	1.47	2.34	2.93	2.91	3.95
Long-Term Investments	76.45	66.1	66.41	89.78	83.05
Other Long-Term Assets	0.51	0.03	0.03	2.23	11.88
Total Assets	85.81	75.35	78.07	107.99	121.08
Accounts Payable	3.09	0.27	0.18	0.05	0.35
Accrued Expenses	-	2.44	2.81	3.23	3.37
Short-Term Debt	1.41	0.42	0.34	0.29	4.24
Current Portion of Leases	0.27	0.3	0.41	0.42	0.78
Current Unearned Revenue	-	-	0.98	2.74	1.18
Other Current Liabilities	-	0.45	0.15	0.11	0.52
Total Current Liabilities	4.78	3.88	4.88	6.84	10.45
Long-Term Debt	2.59	2.21	2.26	2.47	2.72
Long-Term Leases	1.08	1.21	1.63	1.67	2.27
Long-Term Unearned Revenue	-	-	-	0.89	0.68
Long-Term Deferred Tax Liabilities	-	-	-	-	2.16
Other Long-Term Liabilities	0.02	0.02	0.22	0.22	0.27
Total Liabilities	8.46	7.32	9	12.1	18.54
Common Stock	3.8	2.96	2.61	2.37	2.12
Additional Paid-In Capital	106.02	99.37	93.82	86.58	79.31
Retained Earnings	-38.71	-40.63	-31.2	2.79	17.27
Comprehensive Income & Other	7.2	6.85	5.67	5.24	4.38
Total Common Equity	78.31	68.55	70.89	96.99	103.09
Minority Interest	-0.95	-0.52	-1.82	-1.09	-0.54
Shareholders' Equity	77.35	68.03	69.08	95.9	102.54
Total Liabilities & Equity	85.81	75.35	78.07	107.99	121.08
Total Debt	5.35	4.15	4.64	4.85	10.01
Net Cash (Debt)	-0.53	1.74	1.47	3.1	8.45
Net Cash Growth	-	18.89%	-52.66%	-63.34%	66.84%
Net Cash Per Share	-0.00	0.00	0.00	0.00	0.01
Filing Date Shares Outstanding	1,372	1,092	960.11	893.25	791.19
Total Common Shares Outstanding	1,372	1,092	960.11	875.65	791.19
Working Capital	2.6	3	3.83	6.24	11.76
Book Value Per Share	0.06	0.06	0.07	0.11	0.13
Tangible Book Value	78.31	68.55	70.89	96.99	103.09
Tangible Book Value Per Share	0.06	0.06	0.07	0.11	0.13
Machinery	-	1.5	1.49	1.44	1.54
Leasehold Improvements	-	1.75	1.75	1.74	1.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.