Rekor Systems Inc
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
REKR$0.32-8.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $11,881 | $15,385 |
| Restricted cash and cash equivalents | 386 | 328 |
| Accounts receivable, net | 7,542 | 4,955 |
| Inventory | 3,754 | 3,058 |
| Note receivable, current portion | 368 | 340 |
| Other current assets | 1,632 | 1,270 |
| Total current assets | 25,563 | 25,336 |
| Long-term assets | ||
| Property and equipment, net | 13,876 | 13,188 |
| Right-of-use operating lease assets, net | 9,634 | 9,584 |
| Right-of-use financing lease assets, net | 1,866 | 1,989 |
| Goodwill | 24,161 | 20,593 |
| Intangible assets, net | 28,167 | 17,239 |
| Note receivable, long-term | 397 | 482 |
| Deposits | 3,486 | 3,740 |
| Total long-term assets | 81,587 | 66,815 |
| Total assets | $107,150 | $92,151 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | 6,905 | 5,139 |
| Notes payable, current portion | 1,000 | 1,000 |
| Loan payable, current portion | 76 | 75 |
| Lease liability operating, short-term | 1,377 | 1,261 |
| Lease liability financing, short-term | 569 | 547 |
| Contract liabilities | 4,635 | 3,604 |
| Other current liabilities | 5,760 | 5,610 |
| Total current liabilities | 20,322 | 17,236 |
| Long-term Liabilities | ||
| Notes payable, long-term | 1,000 | 1,000 |
| 2023 Promissory Notes, net of debt discount of $0 and $1,012, respectively | - | 2,988 |
| 2023 Promissory Notes - related party, net of debt discount of $0 and $2,149, respectively | - | 6,351 |
| Series A Prime Revenue Sharing Notes, net of debt discount of $409 and $447, respectively | 9,591 | 9,553 |
| Series A Prime Revenue Sharing Notes - related party, net of debt discount of $205 and $223, respectively | 4,795 | 4,777 |
| Loan payable, long-term | 253 | 273 |
| Lease liability operating, long-term | 13,216 | 13,445 |
| Lease liability financing, long-term | 948 | 1,057 |
| Contract liabilities, long-term | 1,414 | 1,449 |
| Deferred tax liability | 65 | 65 |
| Other non-current liabilities | 587 | 587 |
| Total long-term liabilities | 31,869 | 41,545 |
| Total liabilities | 52,191 | 58,781 |
| Commitments and contingencies (Note 7) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 2,000,000 authorized, 505,000 shares designated as Series A and 240,861 shares designated as Series B as of March 31, 2024 and December 31, 2023, respectively. No preferred stock was issued or outstanding as of March 31, 2024 or December 31, 2023, respectively. | - | - |
| Common stock, $0.0001 par value; authorized; 300,000,000 shares; issued: 85,479,571 shares as of March 31, 2024 and 69,273,334 as of December 31, 2023; outstanding: 85,324,918 shares as of March 31, 2024 and 69,176,826 as of December 31, 2023. | 8 | 7 |
| Treasury stock, 154,653 and 96,508 shares as of March 31, 2024 and December 31, 2023, respectively. | (702) | (522) |
| Additional paid-in capital | 272,950 | 232,568 |
| Accumulated deficit | (217,297) | (198,683) |
| Total stockholders’ equity | 54,959 | 33,370 |
| Total liabilities and stockholders’ equity | $107,150 | $92,151 |
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