Dragonfly Energy Holdings Corp
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 14, 2024
DFLI$1.83+5.2%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
Condensed Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Current Assets · Unaudited | ||
| Cash and cash equivalents | $8,019 | $12,713 |
| Accounts receivable, net of allowance for credit losses | 3,727 | 1,639 |
| Inventory | 24,013 | 38,778 |
| Prepaid expenses | 734 | 772 |
| Prepaid inventory | 1,746 | 1,381 |
| Prepaid income tax | 345 | 519 |
| Other current assets | 753 | 118 |
| Total Current Assets | 39,337 | 55,920 |
| Property and Equipment | ||
| Machinery and equipment | 18,128 | 16,714 |
| Office furniture and equipment | 338 | 319 |
| Leasehold improvements | 9,032 | 1,727 |
| Vehicle | 33 | 33 |
| Total | 27,531 | 18,793 |
| Less accumulated depreciation and amortization | (3,815) | (2,824) |
| Property and Equipment, Net | 23,716 | 15,969 |
| Operating lease right of use assets, net | 20,383 | 3,315 |
| Other assets | 445 | - |
| Total Assets | $83,881 | $75,204 |
| Current Liabilities | ||
| Accounts payable | $10,128 | $10,258 |
| Accrued payroll and other liabilities | 8,672 | 7,107 |
| Accrued tariffs | 1,881 | 1,713 |
| Customer deposits | 189 | 201 |
| Deferred revenue, current portion | 1,000 | - |
| Uncertain tax position liability | 91 | 91 |
| Notes payable, current portion, net of debt issuance costs | 24,398 | 19,683 |
| Operating lease liability, current portion | 2,867 | 1,288 |
| Financing lease liability, current portion | 38 | 36 |
| Total Current Liabilities | 49,264 | 40,377 |
| Long-Term Liabilities | ||
| Deferred revenue, net of current portion | 3,833 | - |
| Warrant liabilities | 7,714 | 4,463 |
| Accrued expenses-long term | - | 152 |
| Operating lease liability, net of current portion | 23,330 | 2,234 |
| Financing lease liability, net of current portion | 37 | 66 |
| Total Long-Term Liabilities | 34,914 | 6,915 |
| Total Liabilities | 84,178 | 47,292 |
| Commitments and Contingencies (See Note 5) | - | - |
| Stockholders’ (Deficit) Equity | ||
| Preferred stock, 5,000,000 shares at $0.0001 par value, authorized, no shares issued and outstanding as of September 30, 2024 December 31, 2023, respectively | - | - |
| Common stock, 250,000,000 shares at $0.0001 par value, authorized, 62,767,982 and 60,260,282 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 6 | 6 |
| Additional paid in capital | 72,009 | 69,445 |
| Accumulated deficit | (72,312) | (41,539) |
| Total Stockholders’ (Deficit) Equity | (297) | 27,912 |
| Total Liabilities and Stockholders’ (Deficit) Equity | $83,881 | $75,204 |
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