RYTHM, Inc.
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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FY2024 · Filed Mar 21, 2025
RYM$17.11+8.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $31,170 | $434 |
| Accounts receivable, net of allowance for credit losses of $1,702 and $1,766 at December 31, 2024 and 2023, respectively | 348 | 855 |
| Inventory, net | 1,579 | 4,976 |
| Prepaid expenses and other current assets | 1,597 | 1,890 |
| Current assets of discontinued operations | — | 15,854 |
| Total current assets | 34,694 | 24,009 |
| Property and equipment, net | 186 | 595 |
| Operating lease right-of-use assets | 504 | 520 |
| Goodwill | 9,713 | — |
| Intangible assets | 8,900 | — |
| Other non-current assets | 25 | 28 |
| Non-current assets of discontinued operations | — | 20,118 |
| Total assets | $54,022 | $45,270 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | $2,074 | $4,388 |
| Accrued expenses and other current liabilities | 9,297 | 8,259 |
| Operating lease liabilities, current | 261 | 207 |
| Long-term debt, current | 522 | 766 |
| Related party debt, current | 10,000 | 4,444 |
| Contract liabilities | 2,525 | 3,008 |
| Current liabilities of discontinued operations | — | 20,177 |
| Total current liabilities | 24,679 | 41,249 |
| Warrant liabilities | 996 | 1,290 |
| Operating lease liabilities, net of current | 257 | 331 |
| Long-term debt, net of current | 1 | 16,047 |
| Non-current liabilities of discontinued operations | — | 1,063 |
| Total liabilities | 25,933 | 59,980 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ equity (deficit): | ||
| Common Stock, $0.001 par value per share, 35,000,000 and 10,000,000 shares authorized at December 31, 2024 and 2023, respectively,1,952,032 and 113,416 shares issued and outstanding at December 31, 2024 and 2023, respectively (1) | 2 | — |
| Preferred Stock, $0.001 par value per share, 2,895,000 shares authorized, no shares issued or outstanding | — | — |
| Preferred A Stock, $0.001 par value per share, 105,000 shares authorized, no shares issued or outstanding | — | — |
| Additional paid-in capital | 335,400 | 250,857 |
| Accumulated deficit | (307,543) | (265,797) |
| Total stockholders’ equity (deficit) attributable to Agrify Corporation | 27,859 | (14,940) |
| Non-controlling interests | 230 | 230 |
| Total stockholders’ equity (deficit) | 28,089 | (14,710) |
| Total liabilities and stockholders’ equity (deficit) | $54,022 | $45,270 |
| (1) | Periods presented have been adjusted to retroactively reflect the 1-for-20 reverse stock split on July 5, 2023, and for the 1-for-15 reverse stock split on October 8, 2024. Additional information regarding the reverse stock splits may be found in Note 1 - Overview, Basis of Presentation, and Significant Accounting Policies, included in the notes to the consolidated financial statements. |
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