Solesence, Inc. (SLSN)

Solesence 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	4.11	1.41	1.72	2.19	0.66	0.96
Cash & Short-Term Investments	4.11	1.41	1.72	2.19	0.66	0.96
Cash Growth	74.22%	-18.18%	-21.23%	232.72%	-31.35%	-19.85%
Receivables	11.05	4.87	3.47	4.73	3.94	2.93
Inventory	19.83	20.27	10.03	8.84	6.1	4.34
Prepaid Expenses	3.78	2.8	1.08	0.87	0.91	0.61
Total Current Assets	38.77	29.35	16.3	16.63	11.6	8.84
Property, Plant & Equipment	21.19	20.65	16.58	16.93	16.79	4.7
Other Long-Term Assets	-	0	0	0.01	0.01	0.01
Total Assets	59.96	50	32.88	33.56	28.39	13.54
Accounts Payable	6.89	9.09	6.26	6.36	3.57	2.13
Accrued Expenses	6.15	4.85	0.87	0.96	0.82	0.48
Short-Term Debt	6.1	-	2.81	4.28	1.35	2.66
Current Portion of Long-Term Debt	-	5	2	-	-	0.5
Current Portion of Leases	1.23	1.26	1.3	-	0.69	0.61
Current Unearned Revenue	2.17	5.57	2.35	2.17	0.78	0.41
Other Current Liabilities	-	-	-	0.06	0.12	-
Total Current Liabilities	22.54	25.77	15.59	13.84	7.34	6.78
Long-Term Debt	10.5	-	6	4	1	2.05
Long-Term Leases	8.48	9.04	9.15	9.82	11.71	1.76
Long-Term Unearned Revenue	-	-	-	0.02	0.66	-
Other Long-Term Liabilities	0.25	0.25	0.24	0.23	0.22	0.21
Total Liabilities	41.77	35.06	30.98	27.91	20.93	10.81
Common Stock	0.7	0.7	0.5	0.49	0.49	0.38
Additional Paid-In Capital	115.17	114.67	106.07	105.23	104.42	102.12
Retained Earnings	-97.68	-100.43	-104.66	-100.07	-97.45	-99.77
Shareholders' Equity	18.19	14.95	1.9	5.65	7.47	2.73
Total Liabilities & Equity	59.96	50	32.88	33.56	28.39	13.54
Total Debt	26.31	15.3	21.26	18.11	14.75	7.57
Net Cash (Debt)	-22.2	-13.89	-19.54	-15.92	-14.09	-6.62
Net Cash Per Share	-0.30	-0.21	-0.39	-0.32	-0.30	-0.17
Filing Date Shares Outstanding	70.48	70.1	54.8	49.51	48.89	38.22
Total Common Shares Outstanding	70.48	70.1	49.63	49.32	48.89	38.22
Working Capital	16.23	3.58	0.71	2.79	4.26	2.05
Book Value Per Share	0.26	0.21	0.04	0.11	0.15	0.07
Tangible Book Value	18.19	14.95	1.9	5.65	7.47	2.73
Tangible Book Value Per Share	0.26	0.21	0.04	0.11	0.15	0.07
Machinery	-	24.69	24.48	21.02	19.36	17.74
Construction In Progress	-	5.71	0.93	2.95	1.06	0.45
Leasehold Improvements	-	5.15	5.16	5.14	4.9	4.85

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q