Nixxy, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
NIXX$0.20-4.7%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
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $2,532,990 | $1,008,408 |
| Accounts receivable, net of allowance for doubtful accounts of $863,747 and $1,051,411, respectively | 32,205 | 405,786 |
| Prepaid expenses and other current assets | 459,292 | 252,099 |
| Investment in Marketable Securities | 142,275 | 382,144 |
| Total current assets | 3,166,762 | 2,048,437 |
| Property and equipment, net of accumulated depreciation of $66,387 and $38,776, respectively | 8,700 | 36,311 |
| Intangible assets, net | 1,376,485 | 1,301,337 |
| Goodwill | 2,405,341 | 7,101,084 |
| Total assets | $6,957,288 | $10,487,169 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,141,978 | $1,696,022 |
| Accrued expenses | 771,399 | 770,625 |
| Accrued compensation | 122,995 | 154,764 |
| Accrued interest | 253,711 | 280,597 |
| Deferred payroll taxes | - | 2,484 |
| Other liabilities | 17,333 | 82,188 |
| Loans payable - current portion, net of discount | 1,198,617 | 5,631,633 |
| Refundable deposit on preferred stock purchase | 285,000 | 285,000 |
| Warrant liability | 490,541 | 504,000 |
| Contract liability | 95,396 | 149,848 |
| Total current liabilities | 4,376,970 | 9,557,161 |
| Total liabilities | 4,376,970 | 9,557,161 |
| Commitments and contingencies (Note 10) | ||
| Stockholders' Equity | ||
| Preferred Stock, 10,000,000 authorized, $0.0001 par value | - | - |
| Preferred stock, Series D, $0.0001 par value; 2,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024, and 2023 | - | - |
| Preferred stock, Series E, $0.0001 par value; 775,000 shares authorized; 0 and 86,000 shares issued and outstanding as of December 31, 2024, and 2023, respectively | - | 9 |
| Preferred stock, Series F, $0.0001 par value; 200,000 shares authorized; no shares issued and outstanding as of December 31, 2024, and 2023 | - | - |
| Common stock, $0.0001 par value; 200,000,000 shares authorized; 15,086,476 and 1,433,903 shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively | 1,509 | 143 |
| Common Stock to be issued, 506,625 and 0 shares as of December 31, 2024 and 2023, respectively | 49 | - |
| Additional paid-in capital | 101,591,471 | 77,348,939 |
| Accumulated deficit | (99,012,711) | (76,419,083) |
| Total stockholders' equity | 2,580,318 | 930,008 |
| Total liabilities and stockholders' equity | $6,957,288 | $10,487,169 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.