Sow Good Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
SOWG$2.02-7.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2024 and 2023
BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,723,440 | $2,410,037 |
| Accounts receivable, net | 460,147 | 2,578,259 |
| Inventory, net | 20,313,315 | 4,123,246 |
| Prepaid inventory | 55,796 | 563,131 |
| Prepaid expenses | 523,442 | 703,966 |
| Total current assets | 25,076,140 | 10,378,639 |
| Property and equipment, net | 11,802,420 | 6,701,483 |
| Security deposit | 1,357,956 | 346,616 |
| Right-of-use asset | 16,459,215 | 4,061,820 |
| Total assets | $54,695,731 | $21,488,558 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,368,006 | $853,535 |
| Accrued interest | - | 860,693 |
| Accrued expenses | 976,153 | 648,947 |
| Current portion of operating lease liabilities | 2,599,102 | 550,941 |
| Current maturities of notes payable, related parties, net of $304,500 and $431,854 of debt discounts at December 31, 2024 and 2023, respectively | 2,195,500 | 2,543,146 |
| Current maturities of notes payable, net of $13,470 and $86,062 of debt discounts as of December 31, 2024 and 2023, respectively | 225,780 | 313,938 |
| Total current liabilities | 7,364,541 | 5,771,200 |
| Operating lease liabilities | 15,193,129 | 3,671,729 |
| Notes payable, related parties, net of $0 and $1,448,858 of debt discounts as of December 31, 2024 and 2023, respectively | - | 4,171,142 |
| Notes payable, net of $0 and $135,962 of debt discounts as of December 31, 2024 and 2023, respectively | 150,000 | 594,038 |
| Total liabilities | 22,707,670 | 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, 11,300,624 and 6,029,371 shares issued and outstanding as of December 31, 2024 and 2023 | 11,300 | 6,029 |
| Additional paid-in capital | 94,418,972 | 66,014,415 |
| Accumulated deficit | (62,442,211) | (58,739,995) |
| Total stockholders' equity | 31,988,061 | 7,280,449 |
| Total liabilities and stockholders' equity | $54,695,731 | $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.