TruGolf 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
TRUG$0.47-7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED BALANCE SHEET
| June 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $6,374,349 | $10,469,263 |
| Restricted cash | 2,100,000 | 2,100,000 |
| Accounts receivable, net | 1,265,013 | 1,060,709 |
| Inventory, net | 1,391,316 | 863,257 |
| Prepaid expenses | 1,057,780 | 985,076 |
| Total current assets | 12,188,458 | 15,478,305 |
| Property and equipment, net | 483,963 | 355,499 |
| Capitalized software development costs, net | 4,877,603 | 3,633,661 |
| Right-of-use assets | 417,947 | 682,648 |
| Other long-term assets | 31,023 | 31,023 |
| Total assets | $17,998,994 | $20,181,136 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $3,249,204 | $2,767,385 |
| Deferred revenue | 5,180,889 | 5,560,725 |
| Notes payable, current portion | 291,507 | 296,733 |
| Notes payable to related parties | 2,100,000 | 2,250,000 |
| Line of credit, bank | 802,738 | 802,738 |
| Dividend notes payable | 118,362 | 118,362 |
| Accrued interest | 594,590 | 594,590 |
| Accrued and other current liabilities | 1,903,430 | 1,508,750 |
| Lease liability, current portion | 293,132 | 502,526 |
| Total current liabilities | 14,533,852 | 14,401,809 |
| Non-current liabilities: | ||
| Note payables, net of current portion | 268,500 | 287,000 |
| Gross sales royalty payable | 1,000,000 | 1,000,000 |
| Lease liability, net of current portion | 136,361 | 191,944 |
| Total liabilities | 15,938,713 | 15,880,753 |
| Commitments and contingencies (Note 9) | - | - |
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value, 10 million shares authorized | ||
| Series A Convertible Preferred Stock, $0.0001 par value per share; authorized - 50,000 shares; 2,678 and 5,427 shares issued and outstanding, respectively. Liquidation preference of $614,016 as of June 30, 2026 | - | 1 |
| Common stock, $0.0001 par value, 100 million shares authorized: | ||
| Common stock - Class A, $0.0001 par value, 100 million shares authorized; 1,569,534 and 422,899 shares issued and outstanding, respectively | 156 | 41 |
| Common stock - Class B, $0.0001 par value, 1 million shares authorized; 19,999 shares issued and outstanding, respectively | 2 | 2 |
| Treasury stock at cost, 9 shares of common stock held, respectively | (2,382,000) | (2,037,000) |
| Additional paid-in capital | 52,687,711 | 47,413,839 |
| Accumulated deficit | (48,245,588) | (41,076,500) |
| Total stockholders’ equity | 2,060,281 | 4,300,383 |
| Total liabilities and stockholders’ equity | $17,998,994 | $20,181,136 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.