Solana Co

For the period ended Dec 31, 2024. Filed Mar 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 25, 2025

HSDT$1.92-0.5%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 exhibits

Contents

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)


· · December 31, 2024 · · December 31, 2023
ASSETS · · ·
Current assets · · ·
Cash and cash equivalents	$1,088	$5,182
Accounts receivable, net	70	117
Other receivables	565	520
Inventory, net	1,036	457
Prepaid expenses and other current assets	665	1,162
Total current assets	3,424	7,438
Property and equipment, net	107	178
Intangible assets, net	—	24
Operating lease right-of-use asset, net	11	52
Total assets	$3,542	$7,692
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$873	$531
Accrued and other current liabilities	1,239	1,260
Current portion of operating lease liabilities	12	45
Current portion of deferred revenue	39	43
Total current liabilities	2,163	1,879
Operating lease liabilities, net of current portion	—	12
Deferred revenue, net of current portion	79	128
Derivative liability	241	3,323
Total liabilities	2,483	5,342
Commitments and contingencies (Note 13)
Stockholders' equity
Class A common stock, $0.001 par value; 150,000,000 shares authorized; 3,728,172 and 714,590 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	4	1
Additional paid-in capital	172,421	162,979
Accumulated deficit	(171,699)	(159,957)
Accumulated other comprehensive loss	333	(673)
Total stockholders' equity	1,059	2,350
Total liabilities and stockholders' equity	$3,542	$7,692

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.