WRAP TECHNOLOGIES, 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
WRAP$1.25+5.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(in thousands, except par value and share amounts)
| June 30, 2025 · December 31, 2024 | ||||
|---|---|---|---|---|
| ASSETS | ||||
| Current assets: | ||||
| Cash and cash equivalents | $4,177 | $3,610 | ||
| Accounts receivable and contract assets, net | 906 | 513 | ||
| Inventories, net | 5,904 | 6,170 | ||
| Prepaid expense and other current assets | 334 | 178 | ||
| Total current assets | 11,321 | 10,471 | ||
| Property and equipment, net | 87 | 146 | ||
| Operating lease right-of-use asset, net | 1,814 | 1,964 | ||
| Intangible assets, net | 2,262 | 2,354 | ||
| Other long-term assets | 128 | 186 | ||
| Total assets | $15,612 | $15,121 | ||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||
| Current liabilities: | ||||
| Accounts payable | $583 | $609 | ||
| Accrued liabilities | 872 | 1,403 | ||
| Customer deposits | 27 | 27 | ||
| Deferred revenue - short term | 302 | 466 | ||
| Operating lease liability - short term | 218 | 567 | ||
| Warrants | - | 10,131 | ||
| Total current liabilities | 2,002 | 13,203 | ||
| Deferred revenue – long-term | 23 | 39 | ||
| Operating lease liability – long-term | 1,826 | 1,629 | ||
| Total long-term liabilities | 1,849 | 1,668 | ||
| Total liabilities | $3,851 | $14,871 | ||
| Commitments and contingencies (Note 13) | - | - | ||
| Stockholders’ equity: | ||||
| Preferred stock - 5,000,000 authorized; par value $0.0001 per share; 0 shares issued and outstanding at June 30, 2025, and December 31, 2024 | $ | - | $ | - |
| Common stock - 150,000,000 authorized; par value $0.0001 per share; 50,728,535 and 47,101,631 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 5 | 5 | ||
| Convertible Preferred Stock - 10,000 authorized, par value $0.0001 per share; 8,207 shares issued and outstanding at June 30, 2025 and December 31, 2024 | - | - | ||
| Additional paid-in capital | 120,783 | 105,326 | ||
| Accumulated deficit | (109,027) | (105,081) | ||
| Total stockholders’ equity | 11,761 | 250 | ||
| Total liabilities and stockholders’ equity | $15,612 | $15,121 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.