Guardforce AI Co., Limited (GFAI)

Guardforce AI Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	23.45	21.94	20.24	6.93	12.73	8.41
Cash & Short-Term Investments	23.45	21.94	20.24	6.93	12.73	8.41
Cash Growth	67.77%	8.41%	191.97%	-45.55%	51.28%	38.42%
Accounts Receivable	5	5.92	5.63	5.4	4.94	5.49
Other Receivables	-	0.3	0.33	0.29	0.13	0.13
Receivables	5	6.22	5.96	5.69	5.07	5.62
Inventory	0.29	0.27	0.51	5.11	1.39	0.5
Prepaid Expenses	-	1.82	1.1	0.98	1.01	1.3
Restricted Cash	0.01	0.03	0.1	-	1.6	-
Other Current Assets	3.18	0.57	3.22	16.55	0.17	1.2
Total Current Assets	31.93	30.85	31.12	35.26	21.96	17.03
Property, Plant & Equipment	5.73	5.45	6.73	12.24	12.26	12.07
Goodwill	0.41	0.41	0.41	2.68	0.33	-
Other Intangible Assets	2.13	2.3	2.84	5.79	0.16	0.22
Long-Term Deferred Tax Assets	1.31	1.28	1.09	1.51	1.64	1.04
Long-Term Deferred Charges	-	-	-	0.01	0.05	-
Other Long-Term Assets	6.01	4.4	3.63	3.67	5.35	5.61
Total Assets	47.51	44.69	45.81	61.17	41.75	35.97
Accounts Payable	4.53	2	2.11	2.06	0.68	1.59
Accrued Expenses	-	2.08	5.9	5.22	2.14	2.48
Short-Term Debt	-	-	3.25	4.88	0.02	-
Current Portion of Long-Term Debt	-	0.04	0.2	3.18	16.07	0.49
Current Portion of Leases	1.54	1.67	1.35	2.17	2.99	2.84
Current Income Taxes Payable	-	-	-	-	-	0.28
Current Unearned Revenue	-	0.12	0.26	0.57	0.04	-
Other Current Liabilities	-	0.34	0.95	1.13	0.57	0.39
Total Current Liabilities	6.07	6.26	14.01	19.21	22.5	8.08
Long-Term Debt	-	-	0.04	15.36	6.19	20.08
Long-Term Leases	1.39	0.89	1.67	2.57	0.67	3.13
Other Long-Term Liabilities	-	-	-	0.04	0.05	-
Total Liabilities	13.28	12.7	20.66	42.03	35.23	38.13
Common Stock	2.62	2.14	1.18	0.19	0.06	0.05
Additional Paid-In Capital	96.36	93.1	80.98	46.23	15.38	2.08
Retained Earnings	-66.22	-63.98	-58.12	-28.55	-9.98	-4.5
Comprehensive Income & Other	1.51	0.79	1.19	1.31	1.02	0.15
Total Common Equity	34.28	32.05	25.23	19.19	6.49	-2.21
Minority Interest	-0.05	-0.06	-0.08	-0.06	0.04	0.05
Shareholders' Equity	34.22	31.99	25.15	19.13	6.52	-2.16
Total Liabilities & Equity	47.51	44.69	45.81	61.17	41.75	35.97
Total Debt	2.93	2.61	6.51	28.16	25.93	26.55
Net Cash (Debt)	20.53	19.33	13.73	-21.23	-13.2	-18.13
Net Cash Growth	87.39%	40.83%	-	-	-	-
Net Cash Per Share	1.27	1.73	2.10	-17.12	-28.64	-42.14
Filing Date Shares Outstanding	21.82	21.02	9.95	1.94	0.79	0.44
Total Common Shares Outstanding	21.82	17.81	9.83	1.62	0.53	0.43
Working Capital	25.86	24.58	17.11	16.05	-0.54	8.94
Book Value Per Share	1.57	1.80	2.57	11.86	12.23	-5.09
Tangible Book Value	31.74	29.34	21.98	10.72	5.99	-2.43
Tangible Book Value Per Share	1.45	1.65	2.24	6.62	11.30	-5.61
Machinery	-	29.6	32.76	34.88	33.84	32.32
Construction In Progress	-	0.03	0.11	0.03	0.25	-
Leasehold Improvements	-	2.05	3.07	3.15	3.24	3.65

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

SEC Filings: 10-K · 10-Q