SKYX Platforms Corp.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
SKYX$0.73+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
CONSOLIDATED BALANCE SHEETS
| (Unaudited) | (Audited) | |
|---|---|---|
| March 31, 2026 | December 31, 2025 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $30,263,740 | $8,052,621 |
| Accounts receivable | 1,933,752 | 1,891,488 |
| Inventory | 3,298,281 | 4,250,168 |
| Prepaid expenses and other assets | 1,282,481 | 1,206,639 |
| Total current assets | 36,778,254 | 15,400,916 |
| Long-term assets: | ||
| Property and equipment, net | 1,251,244 | 1,347,640 |
| Restricted cash | 2,050,000 | 2,050,000 |
| Right of use assets | 16,905,311 | 17,502,685 |
| Intangibles, definite life | 4,599,427 | 5,051,949 |
| Goodwill | 16,157,000 | 16,157,000 |
| Other assets | 205,040 | 205,044 |
| Total long-term assets | 41,168,022 | 42,314,318 |
| Total assets | $77,946,276 | $57,715,234 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $14,595,473 | $16,014,585 |
| Notes payable | 221,611 | 356,474 |
| Operating lease liabilities | 2,560,152 | 2,589,994 |
| Royalty obligations | 1,175,000 | 1,300,000 |
| Deferred revenues | 1,561,154 | 2,082,622 |
| Convertible notes related parties | 350,000 | 350,000 |
| Convertible notes | 1,119,601 | 1,884,347 |
| Total current liabilities | 21,582,991 | 24,578,022 |
| Long term liabilities | ||
| Long term accounts payable | 687,680 | 552,354 |
| Notes payable | 145,022 | 145,022 |
| Operating lease liabilities | 17,192,003 | 17,791,453 |
| Convertible notes | 14,515,268 | 14,236,769 |
| Total long-term liabilities | 32,539,973 | 32,725,598 |
| Total liabilities | 54,122,964 | 57,303,620 |
| 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 253,000 and 292,000 | 6,149,167 | 7,124,167 |
| Series A-2 Preferred Stock-shares authorized 160,000, outstanding 60,000 and 60,000 | 1,500,000 | 1,500,000 |
| Common stock and additional paid-in-capital: shares authorized 500,000,000 outstanding 133,487,783 and 117,666,800 | 236,957,871 | 203,046,051 |
| Accumulated deficit | (225,783,726) | (216,258,604) |
| Total stockholders’ equity (deficit) | 18,823,312 | (4,588,386) |
| Total Liabilities and Stockholders’ Equity (deficit) | $77,946,276 | $57,715,234 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.