Sow Good Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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.
Mar 31, 2025 · Filed May 14, 2025
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
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS · (Unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $1,615,108 | $3,723,440 |
| Accounts receivable, net | 1,332,776 | 460,147 |
| Inventory, net | 21,142,831 | 20,313,315 |
| Prepaid inventory | 83,515 | 55,796 |
| Prepaid expenses | 451,468 | 523,442 |
| Total current assets | 24,625,698 | 25,076,140 |
| Property and equipment, net | 11,657,760 | 11,802,420 |
| Security deposit | 1,355,312 | 1,357,956 |
| Right-of-use asset | 15,084,415 | 16,459,215 |
| Total assets | $52,723,185 | $54,695,731 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,211,753 | $1,368,006 |
| Accrued interest | 53,589 | - |
| Accrued expenses | 760,053 | 976,153 |
| Current portion of operating lease liabilities | 2,175,280 | 2,599,102 |
| Current maturities of notes payable, related parties, net of $187,883 and $304,500 of debt discounts at March 31, 2025 and December 31, 2024, respectively | 2,312,117 | 2,195,500 |
| Current maturities of notes payable, net of $1,100 and $13,470 of debt discounts as of March 31, 2025 and December 31, 2024, respectively | 238,150 | 225,780 |
| Total current liabilities | 6,750,942 | 7,364,541 |
| Operating lease liabilities | 15,033,133 | 15,193,129 |
| Notes payable | 150,000 | 150,000 |
| Total liabilities | 21,934,075 | 22,707,670 |
| 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, 11,383,060 and 11,300,624 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 11,382 | 11,300 |
| Additional paid-in capital | 95,790,993 | 94,418,972 |
| Accumulated deficit | (65,013,265) | (62,442,211) |
| Total stockholders' equity | 30,789,110 | 31,988,061 |
| Total liabilities and stockholders' equity | $52,723,185 | $54,695,731 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.