Onar Holding Corp
For the period ended Mar 31, 2025. Filed Jun 25, 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.
Mar 31, 2025 · Filed Jun 25, 2025
ONARStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
ONAR HOLDING CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash | $360,898 | $339,199 |
| Accounts receivable, net | 131,994 | 79,483 |
| Investments in equity securities | 185,580 | 371,151 |
| Investments in equity securities, related party | 121,468 | 118,048 |
| Prepaid expenses and other current assets | 63,516 | 59,398 |
| Total current assets | 863,456 | 967,279 |
| Other assets: | ||
| Property and equipment | 102,509 | 106,741 |
| Intangible Assets, customer relationships, net | 222,290 | 331,048 |
| Goodwill | 458,335 | 458,335 |
| Employee loan receivable, net | 164,022 | 160,822 |
| Advance to affiliated entity | 400,700 | 400,700 |
| Right of use asset | 18,363 | 25,049 |
| Total other assets | 1,366,219 | 1,482,695 |
| Total assets | $2,229,675 | $2,449,974 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $365,508 | $319,684 |
| Accrued expenses and other liabilities | 1,640,677 | 1,200,402 |
| Lines of credit | 263,577 | 219,775 |
| Deferred revenue | 22,401 | 155,504 |
| Contract liabilities | 107,420 | 169,748 |
| Accrued expenses and advances, related party | 134,565 | 228,079 |
| Lease liability | 18,747 | 25,337 |
| Notes payable | 1,994,281 | 2,121,719 |
| Notes payable, related party | 680,223 | 560,450 |
| Convertible notes payable | 383,449 | - |
| Total current liabilities and total liabilities | 5,610,848 | 5,000,698 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ Deficit: | ||
| Preferred stock, 5,000,000 shares authorized, $0.001 par value, 0 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | - | - |
| Preferred stock Series A, 1,000 shares authorized, $0.001 par value, 1,000 and 1,000 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Preferred stock Series B, 10,000 shares authorized, $0.001 par value, 3,125 and 3,125 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 3 | 3 |
| Preferred stock Series C, 6,570 shares authorized, $0.001 par value, 6,570 and 6,570 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 7 | 7 |
| Preferred stock, Series D, 100 shares authorized, $0.001 par value, 0 and 0 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | - | - |
| Common stock 450,000,000 shares authorized, $0.001 par value., 119,337,221 and 112,380,049 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 119,339 | 112,380 |
| Additional paid-in capital | 2,467,989 | 2,017,894 |
| Accumulated deficit | (5,968,512) | (4,681,009) |
| Total stockholders’ deficit | (3,381,173) | (2,550,724) |
| Total liabilities and stockholders’ deficit | $2,229,675 | $2,449,974 |
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