GAXOS.AI INC.
For the period ended Dec 31, 2024. Filed Mar 28, 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 28, 2025
GXAI$0.41-1.7%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
CONSOLIDATED BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $14,398,099 | $1,024,710 |
| Short-term investments, at fair value | 2,167,419 | 2,592,689 |
| Investment in equity securities, at fair value | 199,998 | - |
| Accounts receivable | - | 8 |
| Prepaid expenses and other current assets | 63,609 | 25,132 |
| Total Current Assets | 16,829,125 | 3,642,539 |
| LONG-TERM ASSETS: | ||
| Property and equipment, net | 70,374 | 52,606 |
| Intangible assets, net | 125,000 | - |
| Digital currencies | 37 | 801 |
| Total Long-Term Assets | 195,411 | 53,407 |
| TOTAL ASSETS | $17,024,536 | $3,695,946 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $338,791 | $215,882 |
| Accrued expenses | 61,590 | 54,154 |
| Deferred revenue | 1,126 | - |
| Total Current Liabilities | 401,507 | 270,036 |
| Total Liabilities | 401,507 | 270,036 |
| Commitments and Contingencies (See Note 7) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock; par value $0.0001; 5,000,000 shares authorized; No shares issued and outstanding on December 31, 2024 and 2023 | - | - |
| Common stock; par value $0.0001: 50,000,000 shares authorized; 6,923,453 and 988,368 share issued and outstanding on December 31, 2024 and 2023, respectively | 692 | 99 |
| Additional paid-in capital | 25,416,451 | 8,711,550 |
| Accumulated other comprehensive income | 11,693 | 95,785 |
| Accumulated deficit | (8,799,721) | (5,381,524) |
| Total Gaxos.AI Stockholders’ Equity | 16,629,115 | 3,425,910 |
| Noncontrolling interest | (6,086) | - |
| Total Stockholders’ Equity | 16,623,029 | 3,425,910 |
| Total Liabilities and Stockholders’ Equity | $17,024,536 | $3,695,946 |
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