SKYX Platforms Corp.
For the period ended Mar 31, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
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 14, 2025
SKYX$0.73+0.5%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 (Unaudited)
Consolidated Balance Sheets
| (Unaudited) March 31, 2025 | (Audited) December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $9,442,253 | $12,639,441 |
| Accounts receivable | 2,811,322 | 2,415,314 |
| Inventory, net | 3,680,296 | 3,785,346 |
| Deferred cost of revenues | 281,661 | 223,214 |
| Prepaid expenses and other assets | 2,034,854 | 1,311,135 |
| Total current assets | 18,250,386 | 20,374,450 |
| Other assets: | ||
| Property and equipment, net | 1,692,598 | 1,349,993 |
| Restricted cash | 2,861,054 | 2,861,054 |
| Right of use assets | 19,232,403 | 19,750,030 |
| Intangibles, definite life | 4,770,286 | 5,189,713 |
| Goodwill | 16,157,000 | 16,157,000 |
| Other assets | 204,807 | 204,807 |
| Total other assets | 44,918,148 | 45,512,597 |
| Total Assets | $63,168,534 | $65,887,047 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $15,038,302 | $13,083,321 |
| Accounts payable and accrued expenses-related party | 169,650 | 151,900 |
| Notes payable, current | 4,022,953 | 4,011,168 |
| Operating lease liabilities, current | 2,415,346 | 2,350,868 |
| Royalty obligation | 800,000 | 800,000 |
| Deferred revenues | 1,894,445 | 1,495,846 |
| Convertible notes, current-related parties | 950,000 | 950,000 |
| Convertible notes, current | 3,292,408 | 3,292,408 |
| Total current liabilities | 28,583,104 | 26,135,511 |
| Long term liabilities: | ||
| Long term accounts payable and accrued expenses | 1,139,018 | 1,044,708 |
| Notes payable | 370,436 | 504,129 |
| Operating lease liabilities | 19,747,098 | 20,376,498 |
| Convertible notes | 8,151,272 | 7,872,773 |
| Royalty obligations | 900,000 | 900,000 |
| Total long-term liabilities | 30,307,824 | 30,698,108 |
| Total liabilities | 58,890,928 | 56,833,619 |
| Mezzanine equity | ||
| Series A Preferred Stock-shares authorized 400,000, outstanding 200,000 and 200,000 | 5,000,000 | 5,000,000 |
| Stockholders’ Equity (Deficit): | ||
| Series A-1 Preferred Stock-shares authorized 400,000, outstanding 260,000 and 240,000 | 6,500,000 | 6,000,000 |
| Common stock and additional paid-in-capital: shares authorized 500,000,000 outstanding 104,952,630 and 103,358,975 | 183,832,707 | 179,837,253 |
| Accumulated deficit | (191,055,101) | (181,783,825) |
| Total stockholders’ equity (deficit) | (722,394) | 4,053,428 |
| Total Liabilities and Stockholders’ Equity (Deficit) | $63,168,534 | $65,887,047 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.