Algorhythm Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 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, 2026 · Filed Aug 14, 2026
RIME$0.09+6.0%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of June 30, 2026 (Unaudited) and December 31, 2025
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current Assets | ||
| Cash | $4,972,000 | $1,632,000 |
| Restricted cash | 2,983,000 | 4,514,000 |
| Accounts receivable, net of allowances of $0 and $113,000, respectively | 1,444,000 | 1,061,000 |
| Prepaid expenses and other current assets | 3,988,000 | 729,000 |
| Total Current Assets | 13,387,000 | 7,936,000 |
| Property and equipment, net | 36,000 | 22,000 |
| Operating lease- right of use assets | 304,000 | - |
| Other non-current assets | 95,000 | 79,000 |
| Intangible assets, net | 2,064,000 | 2,005,000 |
| Goodwill | 2,682,000 | 2,682,000 |
| Total Assets | $18,568,000 | $12,724,000 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable | $2,229,000 | $1,413,000 |
| Accrued expenses | 3,106,000 | 1,556,000 |
| Other current liabilities | 756,000 | 69,000 |
| Current portion of operating lease liabilities | 90,000 | - |
| Promissory notes payable, net | 6,413,000 | 9,102,000 |
| Notes payable to related parties | 2,300,000 | 2,300,000 |
| Total Current Liabilities | 14,894,000 | 14,440,000 |
| Operating lease liabities, net of current portion | 216,000 | - |
| Long-term provision for employee benefits | 178,000 | 144,000 |
| Total Liabilities | 15,288,000 | 14,584,000 |
| Commitments and Contingencies | - | - |
| Shareholders’ Equity (Deficit) | ||
| Preferred stock, $1.00 par value; 1,000,000 shares authorized; 3,500 and -0- shares issued and outstanding at June 30, 2026 and December 31, 2025 | 4,000 | - |
| Common stock, $0.01 par value; 800,000,000 and 100,000,000 shares authorized; 15,670,768 and 3,414,542 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 157,000 | 35,000 |
| Additional paid-in capital | 80,210,000 | 65,674,000 |
| Accumulated other comprehensive loss | (19,000) | (25,000) |
| Accumulated deficit | (73,978,000) | (65,043,000) |
| Non-controlling interest | (2,336,000) | (1,743,000) |
| Treasury stock, 10,990 shares reserved at June 30, 2026 and December 31, 2025 | (758,000) | (758,000) |
| Total Shareholders’ Equity (Deficit) | 3,280,000 | (1,860,000) |
| Total Liabilities and Shareholders’ Equity (Deficit) | $18,568,000 | $12,724,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.