WRAP TECHNOLOGIES, INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout 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 31, 2025
WRAP$1.22-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2024 and 2023
(in thousands, except par value and share amounts)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,610 | $3,955 |
| Short-term investments | - | 7,500 |
| Accounts receivable and contract assets, net | 513 | 3,025 |
| Inventories, net | 6,170 | 5,794 |
| Prepaid expense and other current assets | 178 | 953 |
| Total current assets | 10,471 | 21,227 |
| Property and equipment, net | 146 | 509 |
| Operating lease right-of-use assets, net | 1,964 | 2,256 |
| Intangible assets, net | 2,354 | 2,648 |
| Goodwill | - | 1,610 |
| Other assets | 186 | 251 |
| Total assets | $15,121 | $28,501 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $609 | $1,110 |
| Accrued liabilities | 1,403 | 692 |
| Customer deposits | 27 | 1,002 |
| Deferred revenues - short term | 466 | 407 |
| Operating lease liabilities - short term | 567 | 616 |
| Warrant liabilities | 10,131 | 19,703 |
| Total current liabilities | 13,203 | 23,530 |
| Long-term liabilities: | ||
| Deferred revenues - long term | 39 | 137 |
| Operating lease liabilities- long term | 1,629 | 1,671 |
| Total long-term liabilities | 1,668 | 1,808 |
| Total liabilities | $14,871 | $25,338 |
| Commitments and contingencies | - | - |
| Stockholders’ equity: | ||
| Preferred stock - 5,000,000 authorized; par value $0.0001 per share | - | - |
| Common stock - 150,000,000 authorized; par value $0.0001 per share; 47,101,631 and 43,855,503 shares issued and outstanding at December 31, 2024 and 2023, respectively | 5 | 4 |
| Convertible preferred stock - 10,000 authorized, par value $0.0001 per share;8,207 and 9,898 issued and outstanding at December 31, 2024 and 2023, respectively | - | - |
| Additional paid-in capital | 105,326 | 101,147 |
| Accumulated deficit | (105,081) | (97,988) |
| Accumulated other comprehensive income | - | - |
| Total stockholders’ equity | 250 | 3,163 |
| Total liabilities and stockholders’ equity | $15,121 | $28,501 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.