Apyx Medical Corp
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
APYX$2.93-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2024 and 2023
(In thousands, except share and per share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $31,741 | $43,652 |
| Trade accounts receivable, net of allowance of $1,000 and $608 | 15,480 | 14,023 |
| Inventories, net of provision for obsolescence of $1,032 and $875 | 7,564 | 9,923 |
| Prepaid expenses and other current assets | 1,655 | 2,764 |
| Total current assets | 56,440 | 70,362 |
| Property and equipment, net | 1,987 | 1,915 |
| Operating lease right-of-use assets | 4,703 | 5,162 |
| Finance lease right-of-use assets | 48 | 69 |
| Other assets | 1,664 | 1,732 |
| Total assets | $64,842 | $79,240 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,615 | $2,712 |
| Accrued expenses and other current liabilities | 7,751 | 9,661 |
| Current portion of operating lease liabilities | 335 | 347 |
| Current portion of finance lease liabilities | 20 | 20 |
| Total current liabilities | 10,721 | 12,740 |
| Long-term debt, net of debt discounts and issuance costs | 33,893 | 33,185 |
| Long-term operating lease liabilities | 4,483 | 4,896 |
| Long-term finance lease liabilities | 33 | 53 |
| Long-term contract liabilities | 1,118 | 1,246 |
| Other liabilities | 259 | 198 |
| Total liabilities | 50,507 | 52,318 |
| Commitments and Contingencies (Note 18) | ||
| EQUITY | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.001 par value; 75,000,000 shares authorized; 37,793,886 issued and outstanding as of December 31, 2024, and 34,643,888 issued and outstanding as of December 31, 2023 | 38 | 35 |
| Additional paid-in capital | 92,083 | 81,114 |
| Accumulated deficit | (77,911) | (54,448) |
| Total stockholders’ equity | 14,210 | 26,701 |
| Non-controlling interest | 125 | 221 |
| Total equity | 14,335 | 26,922 |
| Total liabilities and equity | $64,842 | $79,240 |
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