JOINT Corp
For the period ended Mar 31, 2025. Filed May 9, 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 9, 2025
JYNT$6.83+2.7%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 as of (unaudited) and
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS · (unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $21,918,175 | $25,051,355 |
| Restricted cash | 979,384 | 945,081 |
| Accounts receivable, net | 2,970,097 | 2,586,381 |
| Deferred franchise and regional development costs, current portion | 1,045,497 | 1,055,582 |
| Prepaid expenses and other current assets | 3,739,832 | 1,729,079 |
| Discontinued operations current assets ($1.1 million and $1.1 million attributable to VIEs, respectively) | 37,178,393 | 40,827,044 |
| Total current assets | 67,831,378 | 72,194,522 |
| Property and equipment, net | 3,061,663 | 3,166,882 |
| Operating lease right-of-use asset | 1,742,749 | 245,384 |
| Deferred franchise and regional development costs, net of current portion | 4,268,991 | 4,513,891 |
| Deposits and other assets | 289,212 | 300,779 |
| Total assets | $77,193,993 | $80,421,458 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,022,141 | $1,750,938 |
| Accrued expenses | 2,005,609 | 1,505,827 |
| Co-op funds liability | 998,765 | 945,082 |
| Payroll liabilities | 2,188,667 | 3,551,173 |
| Operating lease liability, current portion | 240,889 | 448,285 |
| Deferred franchise fee revenue, current portion | 2,525,924 | 2,546,926 |
| Upfront regional developer fees, current portion | 284,561 | 288,095 |
| Other current liabilities | 687,651 | 603,250 |
| Discontinued operations current liabilities ($6.8 million and $7.1 million attributable to VIEs, respectively) | 32,752,879 | 37,714,200 |
| Total current liabilities | 42,707,086 | 49,353,776 |
| Operating lease liability, net of current portion | 2,009,705 | — |
| Deferred franchise fee revenue, net of current portion | 11,936,488 | 12,450,179 |
| Upfront regional developer fees, net of current portion | 602,638 | 672,334 |
| Total liabilities | 57,255,917 | 62,476,289 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding, respectively | — | — |
| Common stock, $0.001 par value; 20,000,000 shares authorized, 15,344,458 shares issued and 15,310,664 shares outstanding and 15,192,893 shares issued and 15,159,878 outstanding, respectively | 15,344 | 15,192 |
| Additional paid-in capital | 50,410,220 | 49,210,455 |
| Treasury stock 33,794 shares and 33,015 shares, at cost, respectively | (878,498) | (870,058) |
|---|---|---|
| Accumulated deficit | (29,633,990) | (30,435,420) |
| Total The Joint Corp. stockholders' equity | 19,913,076 | 17,920,169 |
| Non-controlling Interest | 25,000 | 25,000 |
| Total equity | 19,938,076 | 17,945,169 |
| Total liabilities and stockholders' equity | $77,193,993 | $80,421,458 |
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