RDE Inc
For the period ended Dec 31, 2023. Filed Apr 9, 2024.
View on SEC.govAbout 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.
FY2023 · Filed Apr 9, 2024
GIFT$0.54+5.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| - | Successor | Predecessor |
|---|---|---|
| December 31, | December 31 | |
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $4,099,737 | $2,040,680 |
| Accounts receivable | 1,681,165 | 1,510,236 |
| Inventories | 4,152,273 | 4,969,126 |
| Prepaid expenses and other current assets | 177,119 | 57,313 |
| Total current assets | 10,110,294 | 8,577,355 |
| Property and equipment, net | 2,563,312 | 3,692,242 |
| Operating lease right of use asset, net | 315,183 | 258,641 |
| Deposits | 65,556 | 58,056 |
| Intangible assets, net - provisional | 6,700,000 | 550,000 |
| Goodwill - provisional | 20,007,669 | - |
| Total assets | $39,762,014 | $13,136,294 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY (DEFICIENCY) | ||
| Current liabilities: | ||
| Accounts payable | $2,218,285 | $1,213,963 |
| Accrued expenses | 1,175,934 | 501,559 |
| Deferred revenue | 336,996 | 212,827 |
| Secured revolving line of credit | 6,737,385 | 5,525,009 |
| Convertible promissory notes, current portion | 40,137 | 13,014,037 |
| Notes payable, current portion | 836,509 | 13,724,092 |
| Acquisition obligation | 500,000 | - |
| Operating lease liability, current portion | 134,475 | 191,951 |
| Total current liabilities | 11,979,721 | 34,383,438 |
| Notes payable, net of current portion | 1,458,270 | - |
| Deferred taxes | 1,800,000 | - |
| Operating lease liability, net of current portion | 202,829 | 66,690 |
| Total liabilities | 15,440,820 | 34,450,128 |
| Series B convertible preferred stock, 1,526,882 shares issued and outstanding as of December 31, 2022 | - | 4,084,353 |
| Stockholders’ equity (deficiency): | ||
| Preferred stock, $0.001 par value, 10,000,000 shares authorized; | - | - |
| Common stock, $0.001 par value, 750,000,000 shares authorized; 24,119,967 and 29,035,625 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 24,114 | 2,900 |
| Additional paid-in-capital | 93,376,244 | 4,934,052 |
| Common stock issuable, 383,343 shares | 383,343 | - |
| Accumulated deficit | (69,462,507) | (30,335,139) |
| Total stockholders’ equity (deficiency) | 24,321,194 | (25,398,187) |
| Total liabilities and stockholders’ equity (deficiency) | $39,762,014 | $13,136,294 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.