PIONEER POWER SOLUTIONS INC
For the period ended Dec 31, 2023. Filed Jul 26, 2024.
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FY2023 · Filed Jul 26, 2024
PPSI$2.26-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 (Restated) | |
| ASSETS | ||
| Current assets | ||
| Cash | $3,582 | $10,296 |
| Accounts receivable, net of allowance for credit losses of $97 and $788 as of December 31, 2023 and 2022, respectively | 9,010 | 10,010 |
| Inventories | 7,579 | 8,090 |
| Prepaid expenses and other current assets | 7,512 | 2,853 |
| Total current assets | 27,683 | 31,249 |
| Property and equipment, net | 3,899 | 1,800 |
| Operating lease right-of-use assets | 760 | 1,450 |
| Financing lease right-of-use assets | 403 | 727 |
| Deferred financing costs | 195 | - |
| Other assets | 82 | 162 |
| Total assets | $33,022 | $35,388 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $12,609 | $7,239 |
| Current portion of operating lease liabilities | 582 | 703 |
| Current portion of financing lease liabilities | 139 | 355 |
| Deferred revenue | 4,932 | 10,659 |
| Total current liabilities | 18,262 | 18,956 |
| Operating lease liabilities, non-current portion | 215 | 797 |
| Financing lease liabilities, non-current portion | 278 | 418 |
| Other long-term liabilities | 49 | 65 |
| Total liabilities | 18,804 | 20,236 |
| Commitments and contingencies (Note 7) | - | |
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued | - | - |
| Common stock, $0.001 par value, 30,000,000 shares authorized; 9,930,022 and 9,644,545 shares issued and outstanding on December 31, 2023 and 2022, respectively | 10 | 10 |
| Additional paid-in capital | 33,837 | 32,859 |
| Accumulated other comprehensive income | - | 14 |
| Accumulated deficit | (19,629) | (17,731) |
| Total stockholders’ equity | 14,218 | 15,152 |
| Total liabilities and stockholders’ equity | $33,022 | $35,388 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.