Solesence 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	0.43	1.41	1.72	2.19	0.66	0.96
Cash & Short-Term Investments	0.43	1.41	1.72	2.19	0.66	0.96
Cash Growth	-85.33%	-18.18%	-21.23%	232.72%	-31.35%	-19.85%
Receivables	9.71	4.87	3.47	4.73	3.94	2.93
Inventory	18.87	20.27	10.03	8.84	6.1	4.34
Prepaid Expenses	3.79	2.8	1.08	0.87	0.91	0.61
Total Current Assets	32.79	29.35	16.3	16.63	11.6	8.84
Property, Plant & Equipment	21.2	20.65	16.58	16.93	16.79	4.7
Other Long-Term Assets	-	0	0	0.01	0.01	0.01
Total Assets	53.99	50	32.88	33.56	28.39	13.54
Accounts Payable	4.83	9.09	6.26	6.36	3.57	2.13
Accrued Expenses	5.3	4.85	0.87	0.96	0.82	0.48
Short-Term Debt	5.32	-	2.81	4.28	1.35	2.66
Current Portion of Long-Term Debt	-	5	2	-	-	0.5
Current Portion of Leases	1.22	1.26	1.3	-	0.69	0.61
Current Unearned Revenue	1.2	5.57	2.35	2.17	0.78	0.41
Other Current Liabilities	-	-	-	0.06	0.12	-
Total Current Liabilities	17.86	25.77	15.59	13.84	7.34	6.78
Long-Term Debt	10.5	-	6	4	1	2.05
Long-Term Leases	8.14	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	36.76	35.06	30.98	27.91	20.93	10.81
Common Stock	0.71	0.7	0.5	0.49	0.49	0.38
Additional Paid-In Capital	115.32	114.67	106.07	105.23	104.42	102.12
Retained Earnings	-98.8	-100.43	-104.66	-100.07	-97.45	-99.77
Shareholders' Equity	17.23	14.95	1.9	5.65	7.47	2.73
Total Liabilities & Equity	53.99	50	32.88	33.56	28.39	13.54
Total Debt	25.18	15.3	21.26	18.11	14.75	7.57
Net Cash (Debt)	-24.76	-13.89	-19.54	-15.92	-14.09	-6.62
Net Cash Per Share	-0.34	-0.21	-0.39	-0.32	-0.30	-0.17
Filing Date Shares Outstanding	70.54	70.1	54.8	49.51	48.89	38.22
Total Common Shares Outstanding	70.54	70.1	49.63	49.32	48.89	38.22
Working Capital	14.93	3.58	0.71	2.79	4.26	2.05
Book Value Per Share	0.24	0.21	0.04	0.11	0.15	0.07
Tangible Book Value	17.23	14.95	1.9	5.65	7.47	2.73
Tangible Book Value Per Share	0.24	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q