SKYX Platforms Corp.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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, 2025 · Filed Nov 12, 2025
SKYX$0.70-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets
| (Unaudited) | (Audited) | |
|---|---|---|
| September 30, 2025 | December 31, 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $7,829,739 | $12,639,441 |
| Restricted cash | - | - |
| Accounts receivable | 3,155,426 | 2,415,314 |
| Inventory, net | 3,716,758 | 3,785,346 |
| Deferred cost of revenues | - | 223,214 |
| Prepaid expenses and other assets | 1,736,273 | 1,311,135 |
| Total current assets | 16,438,196 | 20,374,450 |
| Long-term assets: | ||
| Property and equipment, net | 354,191 | 545,333 |
| Restricted cash | 2,050,000 | 2,861,054 |
| Right of use assets | 18,088,768 | 19,750,030 |
| Intangibles, definite life | 5,121,008 | 5,994,373 |
| Goodwill | 16,157,000 | 16,157,000 |
| Other assets | 205,021 | 204,807 |
| Total long term assets | 41,975,988 | 45,512,597 |
| Total assets | $58,414,184 | $65,887,047 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $14,844,370 | $13,235,221 |
| Notes payable, current | 488,605 | 4,011,168 |
| Operating lease liabilities | 2,547,608 | 2,350,868 |
| Royalty obligations | 750,000 | 800,000 |
| Deferred revenues | 2,772,112 | 1,495,846 |
| Convertible notes related parties | 950,000 | 950,000 |
| Convertible notes | 2,810,261 | 3,292,408 |
| Total current liabilities | 25,162,956 | 26,135,511 |
| Long term liabilities | ||
| Long term accounts payable | 885,188 | 1,044,708 |
| Notes payable | 145,022 | 504,129 |
| Operating lease liabilities | 18,451,841 | 20,376,498 |
| Royalty obligations | 650,000 | 900,000 |
| Convertible notes | 11,958,270 | 7,872,773 |
| Total long-term liabilities | 32,090,321 | 30,698,108 |
| Total liabilities | 57,253,277 | 56,833,619 |
| Mezzanine equity | ||
| Series A Preferred Stock-shares authorized 400,000, outstanding 200,000 and 200,000 | 5,000,000 | 5,000,000 |
| Stockholders’ Equity (Deficit): | ||
| Series A-1 Preferred Stock-shares authorized 480,000, outstanding 374,000 and 240,000 | 9,174,167 | 6,000,000 |
| Common stock and additional paid-in-capital: shares authorized 500,000,000 outstanding 112,666,177 and 103,358,975 | 195,040,922 | 179,837,253 |
| Accumulated deficit | (208,054,182) | (181,783,825) |
| Total stockholders’ equity (deficit) | (3,839,093) | 4,053,428 |
| Total Liabilities and Stockholders’ Equity (Deficit) | $58,414,184 | $65,887,047 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.