IMPACT BIOMEDICAL INC
For the period ended Jun 30, 2024. Filed Aug 13, 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.
Jun 30, 2024 · Filed Aug 13, 2024
IBO$4.62+6.7%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023
| June 30, 2024 (unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,000 | $1,000 |
| Accounts receivable, net | 128,000 | 128,000 |
| Current portion of notes receivable | 135,000 | 203,000 |
| Prepaid expenses and other current assets | 42,000 | - |
| Total current assets | 307,000 | 332,000 |
| Property, plant and equipment, net | 284,000 | 287,000 |
| Note receivable | 67,000 | - |
| Goodwill | 25,093,000 | 25,093,000 |
| Other intangible assets, net | 18,365,000 | 18,921,000 |
| Total assets | $44,116,000 | $44,633,000 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $986,000 | $832,000 |
| Accrued expenses | 61,000 | 230,000 |
| Note payable, related party | 13,452,000 | 12,074,000 |
| Total current liabilities | 14,499,000 | 13,136,000 |
| Deferred tax liability, net | 3,235,000 | 3,235,000 |
| Commitments and contingencies (Note 10) | - | - |
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value; 100,000,000 shares authorized, 60,496,041 shares issued and outstanding (60,496,041 on December 31, 2023); Liquidation value $0.001 per share, $60,000 aggregate. $60,000 on December 31, 2023). | 60,000 | 60,000 |
| Common stock, $0.001 par value; 4,000,000,000 shares authorized, 9,997,703 shares issued and outstanding (10,000,000 on December 31, 2023) | 10,000 | 10,000 |
| Additional paid-in capital | 38,113,000 | 38,113,000 |
| Accumulated deficit | (14,810,000) | (12,961,000) |
| Total stockholders’ equity of the Company | 23,373,000 | 25,222,000 |
| Non-controlling interest in subsidiaries | 3,009,000 | 3,040,000 |
| Total stockholders’ equity | 26,382,000 | 28,262,000 |
| Total liabilities and stockholders’ equity | $44,116,000 | $44,633,000 |
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