Dragonfly Energy Holdings Corp.
For the period ended Mar 31, 2025. Filed May 16, 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 16, 2025
DFLI$1.83+5.2%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024
Unaudited condensed Consolidated Balance Sheets
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $2,803 | $4,849 |
| Accounts receivable, net of allowance for credit losses | 4,228 | 2,416 |
| Inventory | 21,728 | 21,716 |
| Prepaid expenses | 932 | 806 |
| Prepaid inventory | 2,031 | 1,362 |
| Prepaid income tax | 311 | 307 |
| Assets held for sale | 644 | 644 |
| Other current assets | 771 | 825 |
| Total Current Assets | 33,448 | 32,925 |
| Property and Equipment | ||
| Machinery and equipment | 16,831 | 16,778 |
| Office furniture and equipment | 419 | 355 |
| Leasehold improvements | 8,990 | 9,103 |
| Vehicle | 33 | 33 |
| Total | 26,273 | 26,269 |
| Less accumulated depreciation and amortization | (5,021) | (4,162) |
| Property and Equipment, net | 21,252 | 22,107 |
| Operating lease right of use asset, net | 19,079 | 19,737 |
| Other assets | 445 | 445 |
| Total Assets | $74,224 | $75,214 |
| Current Liabilities | ||
| Accounts payable | $13,012 | $10,716 |
| Accrued payroll and other liabilities | 4,438 | 4,129 |
| Accrued tariffs | 1,945 | 1,915 |
| Accrued settlement, current portion | 750 | 750 |
| Customer deposits | 137 | 317 |
| Deferred revenue, current portion | 1,000 | 1,000 |
| Uncertain tax position liability | 55 | 55 |
| Operating lease liability, current portion | 2,985 | 2,926 |
| Financing lease liability, current portion | 48 | 47 |
| Total Current Liabilities | 24,370 | 21,855 |
| Long-Term Liabilities | ||
| Deferred revenue, net of current portion | 3,333 | 3,583 |
| Warrant liabilities | 2,011 | 5,133 |
| Accrued settlement, net of current portion | 1,750 | 1,750 |
| Notes payable, net of debt issuance costs | 33,624 | 29,646 |
| Operating lease liability, net of current portion | 21,823 | 22,588 |
| Financing lease liability, net of current portion | 51 | 63 |
| Total Long-Term Liabilities | 62,592 | 62,763 |
| Total Liabilities | 86,962 | 84,618 |
| Commitments and Contingencies (See Note 5) | - | - |
| Series A Preferred Stock | ||
| Preferred stock - Series A, 5,000 shares at $0.0001 par value, authorized, 320 and 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 2,907 | - |
| Stockholders’ (Deficit) | ||
| Preferred stock - Undesignated, 4,995,000 and 5,000,000 shares at $0.0001 par value, authorized, as of March 31, 2025 and December 31, 2024, respectively, no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | - | - |
| Common stock, 250,000,000 shares at $0.0001 par value, authorized, 7,589,642 and 7,232,650 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid in capital | 73,305 | 72,749 |
| Accumulated deficit | (88,951) | (82,154) |
| Total Stockholders’ (Deficit) | (15,645) | (9,404) |
| Total Liabilities, Series A Preferred Stock and Stockholders’ (Deficit) | $74,224 | $75,214 |
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