Safe Pro Group Inc.
For the period ended Mar 31, 2026. Filed May 15, 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 15, 2026
SPAI$3.28+6.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED BALANCE SHEETS
SAFE PRO GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $14,802,060 | $16,793,088 |
| Accounts receivable and other receivables, net | 61,723 | 100,028 |
| Inventory | 453,815 | 615,024 |
| Prepaid expenses and other current assets | 249,208 | 420,306 |
| Total current assets | 15,566,806 | 17,928,446 |
| OTHER ASSETS: | ||
| Property and equipment, net | 307,757 | 283,087 |
| Right of use assets, net | 39,568 | 59,010 |
| Intangible assets, net | 812,669 | 834,461 |
| Security deposits | 9,800 | 9,800 |
| Total other assets | 1,169,794 | 1,186,358 |
| TOTAL ASSETS | $16,736,600 | $19,114,804 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $463,647 | $461,306 |
| Accrued expenses | 207,110 | 278,119 |
| Due to related parties | 437,090 | 437,362 |
| Contract liabilities | 28,230 | 18,897 |
| Lease liabilities, current portion | 36,554 | 55,160 |
| Total current liabilities | 1,172,631 | 1,250,844 |
| LONG-TERM LIABILITIES | ||
| Note payable | 146,000 | 146,000 |
| Lease liabilities, net of current portion | - | 947 |
| Total long-term liabilities | 146,000 | 146,947 |
| Total liabilities | 1,318,631 | 1,397,791 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock: $0.0001 par value, 10,000,000 shares authorized; | ||
| Series A preferred stock; 3,000,000 shares designated, 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | - | - |
| Series B preferred stock; 3,275,000 shares designated, 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | - | - |
| Series C preferred stock; 2,000 shares designated, 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | - | - |
| Common stock; $0.0001 par value, 200,000,000 shares authorized, 20,889,586 shares issued and 20,586,317 outstanding at March 31, 2026, and 20,899,270 shares issued and 20,736,816 outstanding at December 31, 2025 | 2,089 | 2,090 |
| Treasury Stock; at cost, 303,269 and 162,454 shares of common stock at March 31, 2026 and December 31, 2025, respectively | (1,407,113) | (676,034) |
| Additional paid-in capital | 48,190,008 | 46,964,487 |
| Accumulated deficit | (31,367,015) | (28,573,530) |
| Total stockholders’ equity | 15,417,969 | 17,717,013 |
| Total liabilities and stockholders’ equity | $16,736,600 | $19,114,804 |
See the accompanying notes to the unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.