CIRCLE8 GROUP INC
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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, 2025 · Filed May 14, 2025
CIRC$0.18-13.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| March 31,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $1,466,012 | $678,676 |
| Accounts receivable, net of allowance of $2,726,107 and $2,726,107 | 46,106,554 | 64,074,337 |
| Unbilled accounts receivable | 9,776,021 | 9,368,565 |
| Prepaid expenses and other current assets | 7,332,441 | 5,898,415 |
| Deposits, current | 8,000,000 | 8,000,000 |
| Total current assets | 72,681,028 | 88,019,993 |
| Non-current assets | ||
| Property and equipment, net | 281,643 | 307,620 |
| Right-of-use assets | 2,376,433 | 2,067,906 |
| Intangible assets, net | 30,197,223 | 31,395,556 |
| Other assets | 938,166 | 960,601 |
| Total non-current assets | 33,793,465 | 34,731,683 |
| Total assets | $106,474,493 | $122,751,676 |
| Liabilities and stockholders’ equity (deficit) | ||
| Current liabilities | ||
| Accounts payable | $1,897,512 | $2,028,100 |
| Accrued expenses and other current liabilities | 47,928,374 | 47,933,515 |
| Due to related parties | 1,379,210 | 2,091,035 |
| Current operating lease liabilities | 1,315,063 | 1,313,128 |
| Line of credit, current portion | 28,739,104 | 42,508,379 |
| Notes payable, current portion – related parties | 34,804,348 | — |
| Notes payable, current portion | 1,375,000 | 1,375,000 |
| Total current liabilities | 117,438,611 | 97,249,157 |
| Non-current liabilities | ||
| Line of credit, net of current portion | 1,950,000 | 1,950,000 |
| Notes payable, net of current portion - related parties | — | 34,755,435 |
| Non-current operating lease liabilities | 1,121,079 | 813,740 |
| Total non-current liabilities | 3,071,079 | 37,519,175 |
| Total liabilities | 120,509,690 | 134,768,332 |
| Commitments and contingencies | ||
| Stockholders’ (deficit) | ||
| Preferred stock, $0.00001 par value; 20,000,000 shares authorized and none issued at March 31, 2025 and December 31, 2024, respectively | — | — |
| Common stock, $.00001 par value; 300,000,000 shares authorized; 54,553,801 and 53,130,946 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 546 | 531 |
| Additional paid-in capital | 132,188,332 | 123,462,703 |
| Accumulated deficit | (146,224,075) | (135,479,890) |
| Total stockholders’ (deficit) | (14,035,197) | (12,016,656) |
| Total liabilities and stockholders’ (deficit) | $106,474,493 | $122,751,676 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.