Sow Good Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
SOWG$2.02-7.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
cial Statements.
CONDENSED BALANCE SHEETS
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS · (Unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $6,946,387 | $2,410,037 |
| Accounts receivable, net | 1,232,958 | 2,578,259 |
| Inventory | 19,434,041 | 4,123,246 |
| Prepaid inventory | 572,098 | 563,131 |
| Prepaid expenses | 202,430 | 563,164 |
| Total current assets | 28,387,914 | 10,237,837 |
| Property and equipment: | ||
| Construction in progress | 2,848,191 | 1,522,465 |
| Property and equipment | 9,430,983 | 6,287,422 |
| Less accumulated depreciation | (1,550,550) | (967,602) |
| Total property and equipment, net | 10,728,624 | 6,842,285 |
| Security deposit | 1,357,956 | 346,616 |
| Right-of-use asset | 17,193,154 | 4,061,820 |
| Total assets | $57,667,648 | $21,488,558 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,301,098 | $853,535 |
| Accrued interest | 398,617 | 860,693 |
| Accrued expenses | 1,839,323 | 648,947 |
| Income tax payable - current | 65,603 | - |
| Current portion of operating lease liabilities | 2,140,084 | 550,941 |
| Current maturities of notes payable, related parties, net of $447,236 and $431,854 of debt discounts at September 30, 2024 and December 31, 2023, respectively | 2,731,901 | 2,543,146 |
| Current maturities of notes payable, net of $26,116 and $86,062 of debt discounts as of September 30, 2024 and December 31, 2023, respectively | 213,134 | 313,938 |
| Total current liabilities | 8,689,760 | 5,771,200 |
| Operating lease liabilities | 16,005,280 | 3,671,729 |
| Notes payable, related parties, net of $0 and $1,448,858 of debt discounts as of September 30, 2024 and December 31, 2023, respectively | - | 4,171,142 |
| Notes payable, net of $0 and $135,962 of debt discounts as of September 30, 2024 and December 31, 2023, respectively | 150,000 | 594,038 |
| Total liabilities | 24,845,040 | 14,208,109 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding | - | - |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 10,245,388 and 6,029,371 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | 10,245 | 6,029 |
| Additional paid-in capital | 91,086,537 | 66,014,415 |
| Accumulated deficit | (58,274,174) | (58,739,995) |
| Total stockholders' equity | 32,822,608 | 7,280,449 |
| Total liabilities and stockholders' equity | $57,667,648 | $21,488,558 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.