SKYX Platforms Corp
For the period ended Mar 31, 2024. Filed May 14, 2024.
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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, 2024 · Filed May 14, 2024
SKYX$0.73+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets
Consolidated Balance Sheets
| (Unaudited) March 31, 2024 | (Audited) December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $14,146,785 | $16,810,983 |
| Restricted cash | 2,750,000 | 2,750,000 |
| Account receivable | 3,932,008 | 3,384,976 |
| Inventory | 3,777,724 | 3,425,734 |
| Deferred cost of revenues | 245,734 | 224,445 |
| Prepaid expenses and other assets | 630,077 | 721,717 |
| Total current assets | 25,482,328 | 27,317,855 |
| Long-term assets: | ||
| Furniture and equipment, net | 459,929 | 436,587 |
| Restricted cash | 2,892,878 | 2,869,270 |
| Right of use assets | 21,360,642 | 21,214,652 |
| Intangibles, definite life | 7,627,472 | 8,141,032 |
| Goodwill | 16,157,000 | 16,157,000 |
| Other assets | 204,807 | 204,807 |
| Total long-term assets | 48,702,728 | 49,023,348 |
| Total Assets | $74,185,056 | $76,341,203 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $12,537,437 | $12,388,475 |
| Notes payable | 5,865,829 | 5,724,129 |
| Operating lease liabilities | 2,160,938 | 1,898,428 |
| Royalty obligation | 800,000 | 800,000 |
| Consideration payable | 750,000 | 730,999 |
| Deferred revenues | 1,616,038 | 1,475,519 |
| Convertible notes, related parties | 600,000 | 825,000 |
| Convertible notes | — | 350,000 |
| Total current liabilities | 24,330,242 | 24,192,550 |
| Long term liabilities: | ||
| Accounts payable and accrued expenses | 950,358 | 744,953 |
| Notes payable | 764,333 | 1,016,924 |
| Consideration payable | — | 3,038,430 |
| Operating lease liabilities | 22,161,824 | 22,267,558 |
| Convertible notes | 9,231,706 | 5,758,778 |
| Convertible notes related parties | 350,000 | — |
| Royalty obligations | 2,900,000 | 3,100,000 |
| Total long-term liabilities | 36,358,221 | 35,926,643 |
| Total liabilities | 60,688,463 | 60,119,193 |
| Stockholders’ Equity: | ||
| Common stock and additional paid-in-capital: $0 par value, 500,000,000 shares authorized; and 97,096,897 and 93,473,433 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 168,975,808 | 162,025,024 |
| Accumulated deficit | (155,479,215) | (145,803,014) |
| Accumulated other comprehensive loss | — | — |
| Total stockholders’ equity | 13,496,593 | 16,222,010 |
| Total Liabilities and Stockholders’ Equity | $74,185,056 | $76,341,203 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.