NOMAD POWER SOLUTIONS, INC.
For the period ended Mar 31, 2025. Filed May 12, 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 12, 2025
NMAD$3.57-0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I - FINANCIAL INFORMATION
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash | $1,384,697 | $1,038,952 |
| Prepaid insurance | 17,085 | 20,898 |
| Other prepaid expenses | 112,446 | 85,653 |
| Total assets | $1,514,228 | $1,145,503 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses, including $0 and $27,500 to related parties at March 31, 2025 and December 31, 2024, respectively | $112,476 | $83,206 |
| Research and development contract liabilities | 242,622 | 235,078 |
| Total current liabilities | 355,098 | 318,284 |
| 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 March 31, 2025 and December 31, 2024 | 3,500,000 | 3,500,000 |
| Common stock, $0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 2,684,074 sharers and 2,249,290 shares at March 31, 2025 and December 31, 2024, respectively | 268 | 225 |
| Additional paid-in capital | 50,436,110 | 49,394,687 |
| Accumulated deficit | (52,777,248) | (52,067,693) |
| Total stockholders’ equity | 1,159,130 | 827,219 |
| Total liabilities and stockholders’ equity | $1,514,228 | $1,145,503 |
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