XWELL, Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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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 Apr 15, 2025
XWEL$0.56-4.8%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
(In thousands, except share and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · December 31, · December 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Current assets · · | ||||||
| Cash and cash equivalents | | $4,550 | | $8,437 | ||
| Marketable Securities | | | 7,247 | | | 14,613 |
| Accounts receivable, net of allowance for credit losses | | | 1,793 | | | 1,667 |
| Inventory | | 501 | | 900 | ||
| Other current assets | | 1,246 | | 949 | ||
| Total current assets | | 15,337 | | 26,566 | ||
| | | | | | | |
| Restricted cash | | 751 | | 751 | ||
| Property and equipment, net | | 1,809 | | 2,454 | ||
| Intangible assets, net | | 1,023 | | 1,353 | ||
| Operating lease right of use assets, net | | 3,409 | | 4,656 | ||
| Goodwill | | | 1,389 | | | 1,371 |
| Other assets | | 1,634 | | 1,842 | ||
| Total assets | | $25,352 | | $38,993 | ||
| | | | | | | |
| Current liabilities | | | ||||
| Accounts payable | | $1,612 | | $1,099 | ||
| Accrued expenses and other current liabilities | | | 4,088 | | | 4,968 |
| Current portion of operating lease liabilities | | | 2,381 | | | 2,402 |
| Deferred revenue | | | 1,143 | | | 861 |
| Total current liabilities | | 9,224 | | 9,330 | ||
| | | | | | | |
| Long-term liabilities | | | | — | ||
| Operating lease liabilities | | 8,386 | | 8,692 | ||
| Total liabilities | | | 17,610 | | | 18,022 |
| Commitments and contingencies (see Note 17) | | | ||||
| | | | | | | |
| Equity | | | ||||
| Common Stock, $0.01 par value per share, 150,000,000 shares authorized; 5,261,024 and 4,179,631 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | | | 53 | | | 42 |
| Additional paid-in capital | | 473,824 | | 470,737 | ||
| Accumulated deficit | | (472,706) | | (455,853) | ||
| Accumulated other comprehensive loss | | (1,959) | | (1,924) | ||
| Total (deficit) equity attributable to XWELL, Inc. | | (788) | | 13,002 | ||
| Noncontrolling interests | | 8,530 | | 7,969 | ||
| Total equity | | 7,742 | | 20,971 | ||
| Total liabilities and equity | | $25,352 | | $38,993 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.