Corvex, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
MOVE$4.96-1.8%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
Consolidated Balance Sheets at December 31, 2025 and 2024
(in thousands, except share and per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,827 | $7,902 |
| Payroll tax credit, current portion | 107 | 52 |
| Vendor deposits | 44 | 28 |
| Inventory | 1,766 | 2,046 |
| Prepaid expenses and other current assets | 243 | 362 |
| Total current assets | 4,987 | 10,390 |
| Property and equipment, net | 101 | 213 |
| Right-of-use asset | 415 | 600 |
| Other assets | 97 | 117 |
| Total assets | $5,600 | $11,320 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $3,477 | $2,016 |
| Deferred revenue | 12 | 36 |
| Bridge loan (related party) | 4,382 | — |
| Other current liabilities | 936 | 1,393 |
| Total current liabilities | 8,807 | 3,445 |
| Noncurrent liabilities: | ||
| Other noncurrent liabilities | 267 | 520 |
| Total noncurrent liabilities | 267 | 520 |
| Total liabilities | 9,074 | 3,965 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized at December 31, 2025 and 2024; 3,000 and no shares issued and outstanding at December 31, 2025 and 2024, respectively | — | — |
| Common stock, $0.0001 par value, 500,000,000 shares authorized at December 31, 2025 and 2024; 904,486 and 684,029 shares issued and outstanding at December 31, 2025 and 2024, respectively | 10 | 10 |
| Additional paid-in capital | 162,908 | 155,452 |
| Accumulated deficit | (166,392) | (148,107) |
| Total stockholders’ equity (deficit) | (3,474) | 7,355 |
| Total liabilities and stockholders’ equity (deficit) | $5,600 | $11,320 |
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