WISA TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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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.
Sep 30, 2024 · Filed Nov 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, 2024 · December 31, 2023 | ||||||
| | (unaudited) | (1) | ||||
| Assets | | | ||||
| Current Assets: | | | ||||
| Cash and cash equivalents | | $3,921 | | $411 | ||
| Accounts receivable | | 177 | | 294 | ||
| Inventories | | 1,860 | | 2,737 | ||
| Prepaid expenses and other current assets | | 1,099 | | 641 | ||
| Total current assets | | 7,057 | | 4,083 | ||
| Property and equipment, net | | 62 | | 93 | ||
| Notes receivable | | | 323 | | | — |
| Other assets | | 575 | | 647 | ||
| Total assets | | $8,017 | | $4,823 | ||
| | | | | | | |
| Liabilities, Convertible Redeemable Preferred Stock and Stockholders’ Equity / (Deficit) | | | | | ||
| Current Liabilities: | | | | | ||
| Accounts payable | | $1,689 | | $2,320 | ||
| Accrued liabilities | | 1,434 | | 1,317 | ||
| Total current liabilities | | 3,123 | | 3,637 | ||
| Warrant liabilities | | | 19 | | | 5,460 |
| Other liabilities | | | 580 | | | 636 |
| Total liabilities | | 3,722 | | 9,733 | ||
| | | | | | | |
| Commitments and contingencies (Note 8) | | | ||||
| | | | | | | |
| Series B Convertible Redeemable Preferred Stock, par value $0.0001; 375,000 shares authorized; 0 and 38,335 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | | | — | | | 247 |
| | | | | | | |
| Stockholders’ Equity / (Deficit): | | | ||||
| Common stock, par value $0.0001; 300,000,000 shares authorized; 7,767,828 and 222,380 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | | 1 | | 1 | ||
| Additional paid-in capital | | 296,386 | | 241,884 | ||
| Accumulated deficit | | (292,092) | | (247,042) | ||
| Total stockholders’ equity / (deficit) | | 4,295 | | (5,157) | ||
| Total liabilities, convertible preferred stock and stockholders’ equity / (deficit) | | $8,017 | | $4,823 | ||
| (1) | The condensed consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated balance sheet as of that date. |
Note: Share and per share amounts have been retroactively adjusted to reflect the impact of a 1-for-100 reverse stock split effected in January 2023 as well as a 1-for-150 reverse stock split effected in April 2024, as discussed in Note 1.
The accompanying notes are an integral part of these condensed consolidated financial statements
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