Ideal Power Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 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 14, 2025
IPWR$2.26-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS
IDEAL POWER INC.
Balance Sheets
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $11,105,553 | $15,842,850 |
| Accounts receivable, net | 8,175 | 692 |
| Inventory | 77,387 | 96,406 |
| Prepayments and other current assets | 233,528 | 356,658 |
| Total current assets | 11,424,643 | 16,296,606 |
| Property and equipment, net | 382,451 | 415,232 |
| Intangible assets, net | 2,681,808 | 2,611,998 |
| Right of use asset | 441,325 | 483,497 |
| Other assets | 17,789 | 19,351 |
| Total assets | $14,948,016 | $19,826,684 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $152,715 | $104,117 |
| Accrued expenses | 663,642 | 374,012 |
| Current portion of lease liability | 87,915 | 82,681 |
| Total current liabilities | 904,272 | 560,810 |
| Long-term lease liability | 358,446 | 403,335 |
| Other long-term liabilities | 946,957 | 1,007,375 |
| Total liabilities | 2,209,675 | 1,971,520 |
| Commitments and contingencies (Note 5) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 50,000,000 shares authorized; 8,499,335 shares issued and 8,498,014 shares outstanding at June 30, 2025 and 8,336,812 shares issued and 8,335,491 shares outstanding at December 31, 2024 | 8,499 | 8,337 |
| Additional paid-in capital | 125,950,104 | 125,327,300 |
| Treasury stock, at cost, 1,321 shares at June 30, 2025 and December 31, 2024 | (13,210) | (13,210) |
| Accumulated deficit | (113,207,052) | (107,467,263) |
| Total stockholders’ equity | 12,738,341 | 17,855,164 |
| Total liabilities and stockholders’ equity | $14,948,016 | $19,826,684 |
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