Meridian Holdings Inc./NV

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

MRDN$8.20-5.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

Meridian Holdings Inc. and Subsidiaries

	As of	As of
	December 31, 2025	December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$18,078,300	$30,125,944
Accounts receivable, net	7,954,116	6,061,281
Accounts receivable – related parties	465,691	666,545
Taxes receivable	595,434	734,630
Inventory	5,524,570	3,937,854
Prepaid expenses	652,224	955,456
Other current assets, net	2,167,818	2,584,771
Total current assets	35,438,153	45,066,481
Non-current assets:
Goodwill & intangible assets, net	34,914,920	127,642,576
Property, plant & equipment, net	28,963,866	27,431,207
Investments	3,650,526	218,147
Deposits	6,315,584	5,706,319
Operating lease right-of-use assets	6,296,336	7,643,504
Other non-current assets	2,499,415	9,359
Total non-current assets	82,640,647	168,651,112
Total assets	$118,078,800	$213,717,593
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$20,572,774	$12,912,300
Accounts payable - related parties	295,165	19,655
Current portion of operating lease liability	2,656,508	2,378,896
Current portion of long-term loan – related party	-	501,591
Current portion of long-term loan	10,581,035	16,789,650
Taxes payable	5,011,261	3,774,418
Other current liabilities	1,592,958	1,090,063
Deferred revenues	1,111,332	1,095,463
Contingent liability	228,667	626,450
Current portion of consideration payable – related parties	16,199,672	22,520,460
Current portion of consideration payable	1,317,526	1,841,597
Total current liabilities	59,566,898	63,550,543
Non-current liabilities:
Non-current portion of operating lease liability	3,562,859	5,193,847
Non-current portion of long-term loan	6,590,907	14,364,246
Other non-current liabilities	19,510	6,658,377
Non-current portion of consideration payable – related parties	-	15,000,000
Total non-current liabilities	10,173,276	41,216,470
Total liabilities	$69,740,174	$104,767,013
Shareholders’ equity:
Preferred stock: $0.00001 par value; 20,000,000 shares authorized	-	-
Preferred stock, Series B: $0.00001 par value, 1,000 shares designated, 0 and 1,000 shares issued and outstanding, respectively	-	-
Preferred stock, Series C: $0.00001 par value, 1,000 shares designated, 1,000 and 1,000 shares issued and outstanding, respectively	-	-
Common stock: $0.00001 par value; 25,000,000 shares authorized; 12,641,023 and 10,770,249 shares issued and outstanding, respectively	$126	$108
Stock payable	102,006	5,711,807
Stock payable – related party	573,154	211,162
Additional paid-in capital	82,933,355	50,314,309
Treasury stock, at cost (17,062 and 4,983 shares, respectively)	(244,208)	(121,430)
Accumulated other comprehensive income (loss)	(3,753,485)	(8,089,854)
Accumulated earnings	(33,065,622)	57,046,892
Total shareholders’ equity of MRDN	46,545,326	105,072,994
Noncontrolling interests	1,793,300	3,877,586
Total equity	48,338,626	108,950,580
Total liabilities and equity	$118,078,800	$213,717,593

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.