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$1.22-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
(in thousands, except share amounts)
Three Months Ended June 30, 2025
| Common Stock · Convertible Preferred Stock · Additional Paid-In · Accumulated · Total Stockholders’ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Deficit · Equity | ||||||||
| Balance at April 1, 2025 | 50,494,701 | $5 | 8,207 | $ | - | $107,698 | $(105,136) | $2,567 |
| Share-based compensation expense | - | - | - | - | 770 | - | 770 | |
| Dividends on convertible preferred stock | 139,431 | - | - | - | 164 | (164) | - | |
| Common Stock issued upon vesting of restricted stock units | 94,403 | - | - | - | - | - | - | |
| Common Stock issued with Private Placement | - | - | - | - | - | - | - | |
| Reclassification of warrant liability due to warrant amendment | - | - | - | - | 12,151 | - | 12,151 | |
| Net loss for the period | - | - | - | - | - | (3,727) | (3,727) | |
| Balance at June 30, 2025 | 50,728,535 | $5 | 8,207 | $ | - | $120,783 | $(109,027) | $11,761 |
| Balance at January 1, 2025 | 47,101,631 | $5 | 8,207 | $ | - | $105,326 | $(105,081) | $250 |
| Share-based compensation expense | - | - | - | - | 2,435 | - | 2,435 | |
| Dividends on convertible preferred stock | 252,636 | - | - | - | 328 | (328) | - | |
| Common Stock issued upon vesting of restricted stock units | 157,602 | - | - | - | - | - | - | |
| Common Stock issued with Private Placement | 3,216,666 | - | - | - | 543 | - | 543 | |
| Reclassification of warrant liability due to warrant amendment | - | - | - | - | 12,151 | - | 12,151 | |
| Net loss for the period | - | - | - | - | - | (3,618) | (3,618) | |
| Balance at June 30, 2025 | 50,728,535 | $5 | 8,207 | $ | - | $120,783 | $(109,027) | $11,761 |
Three months Ended June 30, 2024
| Common Stock · Convertible Preferred Stock · Additional Paid-In · Accumulated · Total Stockholders’ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Deficit · Equity | ||||||||
| Balance at April 1, 2024 | 44,373,107 | $4 | 9,798 | $ | - | $102,539 | $(98,060) | $4,483 |
| Share-based compensation expense | - | - | - | - | 243 | - | 243 | |
| Dividends on convertible preferred stock | - | - | - | - | 11 | (511) | (500) | |
| Common Stock issued upon convertible preferred stock exercising conversion rights | 1,316,699 | - | (1,591) | - | - | - | - | |
| Common Stock issued upon vesting of restricted stock units | 103,306 | - | - | - | - | - | - | |
| Net loss for the period | - | - | - | - | - | (385) | (385) | |
| Balance at June 30, 2024 | 45,793,112 | $4 | 8,207 | $ | - | $102,793 | $(98,956) | $3,841 |
| Balance at January 1, 2024 | 43,855,503 | $4 | 9,898 | $ | - | $101,147 | $(97,988) | $3,163 |
| Common Stock issued upon exercise of stock options | 232,081 | - | - | - | 588 | - | 588 | |
| Share-based compensation expense | - | - | - | - | 918 | - | 918 | |
| Dividends on convertible preferred stock | 128,233 | - | - | - | 140 | (700) | (560) | |
| Common Stock issued upon convertible preferred stock exercising conversion rights | 1,391,183 | - | (1,691) | - | - | - | - | |
| Common Stock issued upon vesting of restricted stock units | 186,112 | - | - | - | - | - | - | |
| Net loss for the period | - | - | - | - | - | (268) | (268) | |
| Balance at June 30, 2024 | 45,793,112 | $4 | 8,207 | $ | - | $102,793 | $(98,956) | $3,841 |
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