Airship AI Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
AISP$1.69-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| CONSOLIDATED BALANCE SHEETS | ||
|---|---|---|
| As of December 31, 2023 and December 31, 2022 | ||
| December 31, 2023 | December 31, 2022 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $3,124,413 | $298,614 |
| Accounts receivable, net of provision for credit losses of $0 | 1,648,904 | 705,752 |
| Prepaid expenses and other | 913,030 | 16,039 |
| Payroll and income tax receivable | 7,230 | 967,613 |
| Total current assets | 5,693,577 | 1,988,018 |
| PROPERTY AND EQUIPMENT, NET | 1,861 | 16,740 |
| OTHER ASSETS | ||
| Advances to founders | - | 1,100,000 |
| Other assets | 182,333 | - |
| Operating lease right of use asset | 1,104,804 | 804,338 |
| TOTAL ASSETS | $6,982,575 | $3,909,096 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| CURRENT LIABILITIES: | ||
| Accounts payable - trade | $2,908,472 | $216,718 |
| Advances from founders | 1,750,000 | 600,000 |
| Accrued expenses | 200,531 | 120,662 |
| Current portion of Small Business Loan | - | 292,932 |
| Senior Secured Convertible Promissory Notes | 2,825,366 | - |
| Current portion of operating lease liability | 174,876 | 628,371 |
| Deferred revenue- current portion | 4,008,654 | 4,168,016 |
| Total current liabilities | 11,867,899 | 6,026,699 |
| NON-CURRENT LIABILITIES: | ||
| Payable to founders | - | 1,100,000 |
| Small Business Loan- non-current | - | 131,608 |
| Operating lease liability, net of current portion | 943,702 | 203,769 |
| Warrant liability | 667,985 | - |
| Earnout liability | 5,133,428 | - |
| Deferred revenue- non-current | 4,962,126 | 4,805,431 |
| Total liabilities | 23,575,140 | 12,267,507 |
| COMMITMENTS AND CONTINGENCIES (Note 11) | ||
| STOCKHOLDERS' DEFICIT: | ||
| Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued | ||
| and outstanding as of December 31, 2023 and 2022 | - | - |
| Common stock - $0.0001 par value, 200,000,000 shares authorized, 22,812,048 and | ||
| 13,387,344 shares issued and outstanding as of December 31, 2023 and 2022 | 2,281 | 1,339 |
| Additional paid in capital | - | 1,964,669 |
| Accumulated deficit | (16,582,038) | (10,314,313) |
| Accumulated other comprehensive loss | (12,808) | (10,106) |
| Total stockholders' deficit | (16,592,565) | (8,358,411) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $6,982,575 | $3,909,096 |
AIRSHIP AI HOLDINGS, INC.
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