Sezzle Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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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, 2024 · Filed Aug 8, 2024
SEZL$150.84+0.9%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| As of | ||
|---|---|---|
| June 30, 2024 | December 31, 2023 | |
| (unaudited) | (audited) | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $58,026,053 | $67,624,212 |
| Restricted cash, current | 5,384,366 | 2,993,011 |
| Notes receivable | 131,021,474 | 142,885,682 |
| Allowance for credit losses | (11,786,141) | (12,253,041) |
| Notes receivable, net | 119,235,333 | 130,632,641 |
| Other receivables, net | 1,023,752 | 1,571,728 |
| Prepaid expenses and other current assets | 6,800,685 | 6,223,274 |
| Total current assets | 190,470,189 | 209,044,866 |
| Non-Current Assets | ||
| Internally developed intangible assets, net | 2,199,637 | 1,898,470 |
| Operating right-of-use assets | 865,393 | 994,476 |
| Restricted cash, non-current | 582,000 | 82,000 |
| Deferred tax asset, net of $9,693,510 and $32,478,033 valuation allowance, respectively | 17,557,068 | — |
| Other assets | 402,366 | 625,471 |
| Total Assets | $212,076,653 | $212,645,283 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Merchant accounts payable | $71,251,579 | $74,135,491 |
| Operating lease liabilities | 69,705 | 57,316 |
| Accrued liabilities | 8,440,299 | 10,790,308 |
| Other payables | 8,242,992 | 5,261,436 |
| Deferred revenue | 3,942,120 | 2,643,230 |
| Line of credit, net of unamortized debt issuance costs of $619,094 | — | 94,380,906 |
| Total current liabilities | 91,946,695 | 187,268,687 |
| Long Term Liabilities | ||
| Long term debt | — | 250,000 |
| Operating lease liabilities | 884,124 | 981,692 |
| Line of credit, net of unamortized debt issuance costs of $1,117,952 | 68,882,048 | — |
| Warrant liabilities | — | 967,257 |
| Other non-current liabilities | 74,071 | 1,083,323 |
| Total Liabilities | 161,786,938 | 190,550,959 |
| Stockholders' Equity | ||
| Common stock, $0.00001 par value; 750,000,000 shares authorized; 5,745,665 and 5,826,206 shares issued, respectively; 5,584,986 and 5,697,517 shares outstanding, respectively | 2,084 | 2,085 |
| Additional paid-in capital | 184,228,378 | 186,015,079 |
| Treasury stock, at cost: 160,679 and 128,689 shares, respectively | (7,258,600) | (5,755,961) |
| Accumulated other comprehensive loss | (720,950) | (646,999) |
| Accumulated deficit | (125,961,197) | (157,519,880) |
| Total Stockholders' Equity | 50,289,715 | 22,094,324 |
| Total Liabilities and Stockholders' Equity | $212,076,653 | $212,645,283 |
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