Greenwave Technology Solutions Inc
For the period ended Jun 30, 2024. Filed Aug 19, 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 19, 2024
GWAV$1.96-4.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash | $24,303,114 | $1,546,159 |
| Inventories | 1,123,402 | 200,428 |
| Accounts receivable | 810,123 | 646,413 |
| Prepaid expenses | 754,174 | 296,761 |
| Total current assets | 26,990,813 | 2,689,761 |
| Property and equipment, net | 18,000,114 | 16,569,125 |
| Property and equipment, net - purchased from related-party | 9,963,346 | 6,926,315 |
| Operating lease right of use assets, net - related party | 53,223 | 103,822 |
| Operating lease right of use assets, net | 1,164,560 | 198,558 |
| Licenses, net | 15,423,650 | 16,487,350 |
| Intellectual property, net | 1,366,200 | 1,669,800 |
| Customer List, net | 1,623,275 | 1,735,225 |
| Security deposit | 31,893 | 31,893 |
| Total assets | $74,617,074 | $46,411,849 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Bank overdraft | $354,347 | $118,763 |
| Accounts payable and accrued expenses | 5,472,787 | 6,100,449 |
| Accrued payroll and related expenses | 4,009,213 | 4,089,836 |
| Non-convertible notes payable, current portion, net of unamortized debt discount of $741,500 and $500,250, respectively | 2,674,915 | 2,623,561 |
| Convertible notes payable, current portion, net of unamortized debt discount of $- and $3,934,506, respectively | - | 8,065,494 |
| Due to related parties | - | 2,070,402 |
| Operating lease obligations, current portion - related party | 55,620 | 111,240 |
| Operating lease obligations, current portion | 297,773 | 89,731 |
| Total current liabilities | 12,864,655 | 23,269,476 |
| Operating lease obligations, less current portion | 883,701 | 94,943 |
| Related party note payable | - | 17,218,350 |
| Convertible notes payable, net of unamortized debt discount of $- and $1,967,253, respectively | - | 4,032,747 |
| Non-convertible notes payable, net of unamortized debt discount of $1,329,692 and $1,965,113, respectively | 4,796,781 | 6,250,481 |
| Total liabilities | 18,545,137 | 50,865,997 |
| Commitments and contingencies (See Note 13) | - | - |
| Stockholders’ equity (deficit): | ||
| Preferred stock - 10,000,000 shares authorized | ||
| Common stock, $0.001 par value, 1,200,000,000 and 500,000,000 shares authorized; 12,750,628 and 113,096 shares issued and outstanding, respectively | 12,751 | 113 |
| Additional paid in capital | 529,193,370 | 391,411,896 |
| Accumulated deficit | (473,134,184) | (395,866,157) |
| Total stockholders’ equity (deficit) | 56,071,937 | (4,454,148) |
| Total liabilities and stockholders’ equity (deficit) | $74,617,074 | $46,411,849 |
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