Airship AI Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
AISP$1.69-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
AIRSHIP AI HOLDINGS, INC.****
As of December 31, 2024 and 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $11,414,830 | $3,124,413 |
| Accounts receivable, net of allowance for credit losses of $0 | 1,226,757 | 1,648,904 |
| Prepaid expenses and other | 17,883 | 18,368 |
| Income tax receivable | - | 7,230 |
| Total current assets | 12,659,470 | 4,798,915 |
| PROPERTY AND EQUIPMENT, NET | - | 1,861 |
| OTHER ASSETS | ||
| Other assets | 165,960 | 182,333 |
| Operating lease right of use asset | 882,024 | 1,104,804 |
| TOTAL ASSETS | $13,707,454 | $6,087,913 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| CURRENT LIABILITIES: | ||
| Accounts payable - trade | $759,480 | $2,908,472 |
| Advances from founders | 1,300,000 | 1,750,000 |
| Accrued expenses | 51,649 | 200,531 |
| Senior Secured Convertible Promissory Notes | - | 2,825,366 |
| Current portion of operating lease liability | 305,178 | 174,876 |
| Deferred revenue- current portion | 3,238,483 | 4,008,654 |
| Total current liabilities | 5,654,790 | 11,867,899 |
| NON-CURRENT LIABILITIES: | ||
| Operating lease liability, net of current portion | 638,525 | 943,702 |
| Warrant liability | 34,180,618 | 667,985 |
| Earnout liability | 23,304,808 | 5,133,428 |
| Deferred revenue- non-current | 2,951,850 | 4,962,126 |
| Total liabilities | 66,730,591 | 23,575,140 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDERS' DEFICIT: | ||
| Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 | - | - |
| Common stock - $0.0001 par value, 200,000,000 shares authorized, 30,588,413 and 22,812,048 shares issued and outstanding as of December 31, 2024 and 2023 | 3,056 | 2,281 |
| Additional paid in capital | 21,918,867 | - |
| Accumulated deficit | (74,941,590) | (17,476,700) |
| Accumulated other comprehensive loss | (3,470) | (12,808) |
| Total stockholders' deficit | (53,023,137) | (17,487,227) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $13,707,454 | $6,087,913 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.