NOMAD POWER SOLUTIONS, INC.
For the period ended Dec 31, 2024. Filed Mar 24, 2025.
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FY2024 · Filed Mar 24, 2025
NMAD$3.78+5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2024 and 2023
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $1,038,952 | $4,203,488 |
| Advances on research and development contract services | — | 78,016 |
| Prepaid insurance | 20,898 | 17,116 |
| Other prepaid expenses | 85,653 | 10,000 |
| Total assets | $1,145,503 | $4,308,620 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses, including $27,500 and $36,250 to related parties at December 31, 2024 and 2023, respectively | $83,206 | $156,758 |
| Research and development contract liabilities, including $0 and $120,768 to related parties at December 31, 2024 and 2023, respectively | 235,078 | 157,100 |
| Total current liabilities | 318,284 | 313,858 |
| Commitments and contingencies | - | - |
| Stockholders’ equity: | ||
| Preferred Stock, $0.0001 par value; authorized – 10,000,000 shares; issued and outstanding – 350,000 shares of Series A Convertible Preferred Stock, $10.00 per share stated value, liquidation preference based on assumed conversion into common shares – 72,917 shares at December 31, 2024 and 2023 | 3,500,000 | 3,500,000 |
| Common stock, $0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 2,249,290 shares at December 31, 2024 and 2023 | 225 | 225 |
| Additional paid-in capital | 49,394,687 | 48,976,265 |
| Accumulated deficit | (52,067,693) | (48,481,728) |
| Total stockholders’ equity | 827,219 | 3,994,762 |
| Total liabilities and stockholders’ equity | $1,145,503 | $4,308,620 |
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