NEXTNRG, INC.
For the period ended Mar 31, 2025. Filed May 21, 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 21, 2025
NXXT$0.19-92.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Unaudited Consolidated Balance Sheets
Consolidated Balance Sheets
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $2,116,932 | $1,612,117 |
| Accounts receivable - net | 3,903,943 | 1,614,664 |
| Inventory | 221,113 | 126,400 |
| Prepaids and other | 718,226 | 42,509 |
| Total Current Assets | 6,960,214 | 3,395,690 |
| Solar project rights | 3,929,161 | 3,929,161 |
| Deposit on future asset purchase | - | 2,035,283 |
| Property and equipment - net | 8,986,618 | 7,539,507 |
| Intangible assets - net | 4,941,667 | 5,053,332 |
| Operating lease - right-of-use asset | 658,424 | 61,151 |
| Operating lease - right-of-use asset - related party | 288,993 | 314,957 |
| Deposits | 262,041 | 49,041 |
| Total Assets | $26,027,118 | $22,378,122 |
| Liabilities and Stockholders’ Deficit | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $2,252,023 | $1,721,528 |
| Accounts payable and accrued expenses - related parties | 2,237,667 | 1,546,451 |
| Notes payable - net | 15,127,655 | 20,276,979 |
| Notes payable - related parties | 10,934,594 | 10,773,000 |
| Operating lease liability | 177,169 | 69,128 |
| Operating lease liability - related party | 103,799 | 103,799 |
| Dividends payable (common stock) | 173,438 | 258,271 |
| Total Current Liabilities | 31,006,345 | 34,749,156 |
| Long Term Liabilities | ||
| Notes payable- net | 68,133 | 151,907 |
| Operating lease liability | 477,707 | - |
| Operating lease liability - related party | 187,066 | 212,094 |
| Total Long Term Liabilities | 732,906 | 364,001 |
| Total Liabilities | 31,739,251 | 35,113,157 |
| Commitments and Contingencies | - | - |
| Stockholders’ Deficit | ||
| Preferred stock - $0.0001 par value; 5,000,000 shares authorized none issued and outstanding, respectively | - | - |
| Convertible Preferred stock - Series A, $0.0001 par value; 513,000 shares designated 363,000 shares issued and outstanding, respectively | 36 | 36 |
| Convertible Preferred stock - Series B, $0.0001 par value; 150,000 shares designated 140,000 shares issued and outstanding, respectively - related party | 14 | 14 |
| Common stock - $0.0001 par value, 500,000,000 shares authorized 112,240,701 and 106,707,827 shares issued, respectively 112,240,701 and 106,707,827 shares outstanding, respectively | 11,224 | 10,667 |
| Additional paid-in capital | 70,923,731 | 54,789,949 |
| Accumulated deficit | (76,496,673) | (67,535,701) |
| Stockholders’ Deficit | (5,561,668) | (12,735,035) |
| Non-controlling interest | (150,465) | - |
| Total Stockholders’ Deficit | (5,712,133) | (12,735,035) |
| Total Liabilities and Stockholders’ Deficit | $26,027,118 | $22,378,122 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.