Datavault AI Inc.
For the period ended Jun 30, 2025. Filed Aug 19, 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.
Jun 30, 2025 · Filed Aug 19, 2025
DVLT$0.06-16.5%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
Condensed Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| · June 30, 2025 · December 31, 2024 | ||||||
| | (unaudited) | (1) | ||||
| Assets | | | ||||
| Current Assets: | | | ||||
| Cash and cash equivalents | | $662 | | $3,330 | ||
| Accounts receivable | | 468 | | 349 | ||
| Unbilled accounts receivable | | | 356 | | | 109 |
| Inventories | | 1,365 | | 1,618 | ||
| Prepaid expenses and other current assets | | 945 | | 1,033 | ||
| Total current assets | | 3,796 | | 6,439 | ||
| Property and equipment, net | | 347 | | 58 | ||
| Intangible assets | | | 96,780 | | | 92,575 |
| Goodwill | | | 19,135 | | | — |
| Deposit for business combination | | | — | | | 1,000 |
| Other assets | | 632 | | 553 | ||
| Total assets | | $120,690 | | $100,625 | ||
| | | | | | | |
| Liabilities, Convertible Redeemable Preferred Stock and Stockholders’ Equity | | | | | ||
| Current Liabilities: | | | | | ||
| Accounts payable | | $3,854 | | $2,779 | ||
| Accrued liabilities | | 3,742 | | 1,334 | ||
| Convertible note payable, net, related party, current | | 521 | | — | ||
| Total current liabilities | | | 8,117 | | | 4,113 |
| Convertible note payable, net, related party, net of current | | | 6,851 | | | 9,569 |
| 2025 Convertible Notes | | | 20,957 | | | — |
| Convertible Notes to CSI shareholders | | | 10,054 | | | — |
| Warrant liabilities | | | 9 | | | 664 |
| Other liabilities | | | 633 | | | 553 |
| Total liabilities | | 46,621 | | 14,899 | ||
| | | | | | | |
| 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 June 30, 2025 and December 31, 2024, respectively | | | — | | | — |
| | | | | | | |
| Stockholders’ Equity: | | | ||||
| Common stock, par value $0.0001; 300,000,000 shares authorized; 86,661,219 and 52,034,060 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | | 7 | | 5 | ||
| Additional paid-in capital | | 419,192 | | 384,172 | ||
| Accumulated deficit | | (345,130) | | (298,451) | ||
| Total stockholders’ equity | | 74,069 | | 85,726 | ||
| Total liabilities, convertible preferred stock and stockholders’ equity | | $120,690 | | $100,625 | ||
| (1) | The condensed consolidated balance sheet as of December 31, 2024 was derived from the audited consolidated balance sheet as of that date. |
The accompanying notes are an integral part of these condensed consolidated financial statements
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