PIONEER POWER SOLUTIONS INC
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
PPSI$2.26-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except for share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets | ||
| Cash | $41,622 | $3,582 |
| Accounts receivable, net of allowance for credit losses of $13 and $0 as of December 31, 2024 and 2023, respectively | 7,826 | 1,219 |
| Inventories | 6,068 | 3,078 |
| Prepaid expenses and other current assets | 1,141 | 6,159 |
| Current assets held for sale | - | 13,645 |
| Total current assets | 56,657 | 27,683 |
| Property and equipment, net | 6,503 | 3,601 |
| Operating lease right-of-use assets | 530 | 425 |
| Financing lease right-of-use assets | 221 | 403 |
| Deferred financing costs | - | 195 |
| Investments | 2,000 | - |
| Other assets | 40 | 40 |
| Noncurrent assets held for sale | - | 675 |
| Total assets | $65,951 | $33,022 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $4,543 | $8,111 |
| Current portion of operating lease liabilities | 244 | 237 |
| Current portion of financing lease liabilities | 109 | 139 |
| Deferred revenue | 991 | 307 |
| Consideration due to buyer | 3,347 | - |
| Income taxes payable | 4,079 | - |
| Dividend payable | 16,665 | - |
| Current liabilities held for sale | - | 9,468 |
| Total current liabilities | 29,978 | 18,262 |
| Operating lease liabilities, non-current portion | 301 | 215 |
| Financing lease liabilities, non-current portion | 121 | 278 |
| Other long-term liabilities | 122 | 49 |
| Total liabilities | 30,522 | 18,804 |
| Commitments and contingencies (Note 7) | - | |
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued | - | - |
| Common stock, $0.001 par value, 30,000,000 shares authorized; 11,120,266 and 9,930,022 shares issued and outstanding on December 31, 2024 and 2023, respectively | 11 | 10 |
| Additional paid-in capital | 35,418 | 33,837 |
| Accumulated deficit | - | (19,629) |
| Total stockholders’ equity | 35,429 | 14,218 |
| Total liabilities and stockholders’ equity | $65,951 | $33,022 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.