GIFTIFY, INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
GIFT$0.54+5.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| Successor | ||
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents (includes restricted cash of $1,258,826 at December 31, 2024 and 2023) | $3,574,876 | $4,099,737 |
| Accounts receivable | 891,666 | 1,681,165 |
| Inventories | 4,116,180 | 4,152,273 |
| Prepaid expenses and other current assets | 63,210 | 177,119 |
| Total current assets | 8,645,932 | 10,110,294 |
| Property and equipment, net | 1,089,984 | 2,563,312 |
| Operating lease right of use asset, net | 1,406,242 | 315,183 |
| Deposits | 65,556 | 65,556 |
| Intangible assets, net | 4,268,332 | 6,700,000 |
| Goodwill | 20,007,670 | 20,007,669 |
| Total assets | $35,483,716 | $39,762,014 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,966,616 | $2,218,285 |
| Accrued expenses | 1,768,607 | 1,175,934 |
| Customer deposits | 95,000 | - |
| Deferred revenue | 77,051 | 336,996 |
| Secured revolving line of credit | 3,805,080 | 6,737,385 |
| Convertible promissory notes | 43,137 | 40,137 |
| Secured note payable — related party, net of debt discount of $4,000 and $0, at December 31, 2024 and 2023, respectively | 2,060,274 | - |
| Notes payable, current portion | 1,717,632 | 836,509 |
| Acquisition obligation | - | 500,000 |
| Operating lease liability, current portion | 316,612 | 134,475 |
| Total current liabilities | 11,850,009 | 11,979,721 |
| Notes payable, net of current portion | 615,000 | 1,458,270 |
| Deferred income taxes | 1,123,000 | 1,800,000 |
| Operating lease liability, net of current portion | 1,133,371 | 202,829 |
| Total liabilities | 14,721,380 | 15,440,820 |
| Commitments and contingencies | - | - |
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value, 10,000,000 shares authorized; | - | - |
| Common stock, $0.001 par value, 750,000,000 shares authorized; 27,021,423 and 24,119,967 shares issued and outstanding at December 31, 2024 and 2023, respectively | 27,015 | 24,114 |
| Additional paid-in-capital | 108,679,065 | 93,376,244 |
| Common stock issuable, 350,843 and 383,343 shares, respectively | 350,843 | 383,343 |
| Accumulated deficit | (88,294,587) | (69,462,507) |
| Total stockholders’ equity | 20,762,336 | 24,321,194 |
| Total liabilities and stockholders’ equity | $35,483,716 | $39,762,014 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.