Safe Pro Group Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 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.
Jun 30, 2025 · Filed Aug 14, 2025
SPAI$3.28+6.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS
SAFE PRO GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $805,596 | $1,970,719 |
| Accounts receivable and other receivables, net | 38,559 | 123,686 |
| Inventory | 306,288 | 342,061 |
| Prepaid expenses and other current assets | 181,395 | 313,663 |
| Total current assets | 1,331,838 | 2,750,129 |
| OTHER ASSETS: | ||
| Property and equipment, net | 296,932 | 314,881 |
| Right of use assets, net | 96,733 | 101,621 |
| Intangible assets, net | 1,119,161 | 1,088,645 |
| Goodwill | 684,867 | 684,867 |
| Security deposits | 9,800 | 9,800 |
| Total other assets | 2,207,493 | 2,199,814 |
| TOTAL ASSETS | $3,539,331 | $4,949,943 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $168,693 | $119,812 |
| Accrued expenses | 129,313 | 90,264 |
| Accrued compensation | 4,065 | 115,344 |
| Due to related parties | 384,878 | 421,623 |
| Contract liabilities | 45,401 | 83,768 |
| Lease liabilities, current portion | 77,561 | 63,115 |
| Total current liabilities | 809,911 | 893,926 |
| LONG-TERM LIABILITIES | ||
| Note payable | 146,000 | 146,000 |
| Lease liabilities, net of current portion | 16,192 | 35,592 |
| Total long-term liabilities | 162,192 | 181,592 |
| Total liabilities | 972,103 | 1,075,518 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock: $0.0001 par value, 10,000,000 shares authorized; | ||
| Series A preferred stock; 3,000,000 shares designated, 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | - | - |
| Series B preferred stock; 3,275,000 shares designated, 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | - | - |
| Series C preferred stock; 2,000 shares designated, 1,050 and 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | - | - |
| Common stock; $0.0001 par value, 200,000,000 shares authorized, 15,374,685 and 14,534,685 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 1,537 | 1,453 |
| Additional paid-in capital | 22,696,018 | 18,123,723 |
| Accumulated deficit | (20,130,327) | (14,250,751) |
| Total shareholders’ equity | 2,567,228 | 3,874,425 |
| Total liabilities and shareholders’ equity | $3,539,331 | $4,949,943 |
See the accompanying notes to the unaudited condensed 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.