Nexentis Technologies Inc.
For the period ended Mar 31, 2025. Filed May 15, 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 15, 2025
NXTS$2.56+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Interim Balance Sheets (unaudited)
N2OFF, INC.
UNAUDITED CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS
(U.S. dollars in thousands except share and per share data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | 2,724 | 2,185 |
| Restricted cash | 23 | 24 |
| Investment in marketable securities (Note 5 (2)) | 230 | 307 |
| Accounts receivable, net of allowance for doubtful account of $43 and $42 as of March 31, 2025 and December 31, 2024, respectively. | 195 | 143 |
| Short term loan (Note 4) | 477 | 234 |
| Inventories | 15 | 21 |
| Prepaid expenses | 408 | 464 |
| Other current assets | 263 | 26 |
| Total Current assets | 4,335 | 3,404 |
| Long term prepaid expenses | 196 | 244 |
| Right-of-use asset arising from operating leases | 29 | 8 |
| Property and equipment, net | 45 | 48 |
| Investment in nonconsolidated affiliate (Note 3) | 782 | 603 |
| Long term loan (Note 5 (1)) | 346 | 350 |
| Solar photovoltaic joint venture project (Note 6) | 1,252 | 808 |
| Solar projects under development (Note 8) | 380 | - |
| Total assets | 7,365 | 5,465 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable | 30 | 48 |
| Current warrant liabilities | 415 | 312 |
| Other liabilities | 531 | 532 |
| Total current liabilities | 976 | 892 |
| Non current operating lease liabilities | 15 | - |
| Credit facility (Note 7) | 764 | - |
| Stock purchase warrants liability (Note 9(1)) | 1,912 | - |
| Total liabilities | 3,667 | 892 |
| Stockholders’ Equity | ||
| Common stock, $ 0.0001 par value (“Common Stock”): 495,000,000 shares authorized as of March 31, 2025 and December 31, 2024; issued and outstanding 17,812,404 and 12,058,237 shares as of March 31, 2025 and December 31, 2024, respectively. | 2 | 1 |
| Preferred stock, $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of March 31, 2025 and December 31, 2024; issued and outstanding 0 shares as of March 31, 2025 and December 31, 2024. | - | - |
| Additional paid-in capital | 39,714 | 39,327 |
| Foreign currency translation adjustments | (30) | (26) |
| Accumulated deficit | (35,746) | (34,553) |
| Total Company’s stockholders’ equity | 3,940 | 4,749 |
| Non-controlling interests | (242) | (176) |
| Total stockholders’ equity | 3,698 | 4,573 |
| Total liabilities and stockholders’ equity | 7,365 | 5,465 |
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