Greenwave Technology Solutions, Inc.
For the period ended Jun 30, 2025. Filed Feb 5, 2026.
View on SEC.govAbout this filing
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, 2025 · Filed Feb 5, 2026
GWAV$1.96-4.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30 | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $5,291,625 | $2,576,464 |
| Inventories, net | 1,138,232 | 2,889,682 |
| Accounts receivable, net of allowance for doubtful accounts | 2,214,204 | 1,254,390 |
| Prepaid expenses | 1,332,893 | 921,580 |
| Total current assets | 9,976,954 | 7,642,116 |
| Property and equipment, net | 26,983,996 | 25,596,856 |
| Property and equipment, net - related party | 11,057,698 | 11,834,807 |
| Operating lease right of use assets, net | 617,525 | 1,048,070 |
| Licenses, net | 13,296,250 | 14,359,950 |
| Customer list, net | 1,399,375 | 1,511,325 |
| Intellectual property, net | 759,000 | 1,062,600 |
| Security deposit | 31,893 | 31,893 |
| Total assets | $64,122,691 | $63,087,617 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Bank overdraft | $47,343 | $231,696 |
| Accounts payable and accrued expenses | 6,426,500 | 5,893,351 |
| Accrued payroll and related expenses | 3,946,412 | 3,946,410 |
| Non-convertible notes payable, current portion, net of unamortized debt discount of $315,374 and $633,396, respectively | 2,101,647 | 2,505,360 |
| Related party note payable | 5,391,859 | 7,691,859 |
| Due to related parties | 1,323,106 | 495,354 |
| Operating lease obligations, current portion | 272,656 | 331,545 |
| Total current liabilities | 19,509,523 | 21,095,575 |
| Operating lease obligations, less current portion | 346,727 | 773,820 |
| Non-convertible notes payable, net of unamortized debt discount of $1,799,559 and $1,076,554, respectively | 6,316,190 | 4,263,239 |
| Total liabilities | 26,172,440 | 26,132,634 |
| Commitments and contingencies (See Note 11) | - | - |
| Stockholders’ equity: | ||
| Preferred stock - 10,000,000 shares authorized: | ||
| Preferred stock - Series A-1, $0.001 par value, $100,000 stated value, 450,000 and 450,000 shares authorized; 450,000 and 450,000 shares issued and outstanding, respectively | 450 | 450 |
| Common stock, $0.001 par value, 1,200,000,000 shares authorized; 556,087 and 237,191 shares issued and outstanding, respectively | 556 | 237 |
| Additional paid in capital | 546,844,893 | 533,266,642 |
| Accumulated deficit | (508,895,648) | (496,312,346) |
| Total stockholders’ equity | 37,950,251 | 36,954,983 |
| Total liabilities and stockholders’ equity | $64,122,691 | $63,087,617 |
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