Onar Holding Corp
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
ONARStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash | $265,409 | $339,199 |
| Accounts receivable, net | 163,956 | 79,483 |
| Investments in equity securities | 150,011 | 371,151 |
| Investments in equity securities, related party | 92,385 | 118,048 |
| Prepaid expenses and other current assets | 80,067 | 59,398 |
| Total current assets | 751,828 | 967,279 |
| Other assets: | ||
| Property and equipment | 92,556 | 106,741 |
| Intangible Assets, customer relationships, net | 166,754 | 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 | 11,570 | 25,049 |
| Total other assets | 1,293,935 | 1,482,695 |
| Total assets | $2,045,763 | $2,449,974 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $499,047 | $319,684 |
| Accrued expenses and other liabilities | 1,740,766 | 1,200,402 |
| Lines of credit | 49,004 | 219,775 |
| Deferred revenue | 9,601 | 155,504 |
| Contract liabilities | 213,636 | 169,748 |
| Accrued expenses and advances, related party | 7,878 | 228,079 |
| Lease liability | 11,810 | 25,337 |
| Notes payable | 2,205,008 | 2,121,719 |
| Notes payable, related party | 830,106 | 560,450 |
| Convertible notes payable | 658,396 | - |
| Total current liabilities and total liabilities | 6,225,252 | 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 June 30, 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 June 30, 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 June 30, 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 June 30, 2025 and December 31, 2024, respectively | 7 | 7 |
| Preferred stock, Series D, 100 shares authorized, $0.001 par value, 0 and 100 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | - | - |
| Preferred stock Series E, 6,000 shares authorized, $0.001 par value, 500 and 0 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | - | - |
| Common stock 450,000,000 shares authorized, $0.001 par value., 120,641,982 and 112,380,049 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 120,643 | 112,380 |
| Additional paid-in capital | 3,074,392 | 2,017,894 |
| Accumulated deficit | (7,374,535) | (4,681,009) |
| Total stockholders’ deficit | (4,179,489) | (2,550,724) |
| Total liabilities and stockholders’ deficit | $2,045,763 | $2,449,974 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
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