Sezzle Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 8, 2024
SEZL$150.84+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| As of | ||
|---|---|---|
| September 30, 2024 | December 31, 2023 | |
| (unaudited) | (audited) | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $80,062,505 | $67,624,212 |
| Restricted cash, current | 7,173,326 | 2,993,011 |
| Notes receivable | 151,413,490 | 142,885,682 |
| Allowance for credit losses | (18,626,222) | (12,253,041) |
| Notes receivable, net | 132,787,268 | 130,632,641 |
| Other receivables, net | 3,823,280 | 1,571,728 |
| Prepaid expenses and other current assets | 8,580,986 | 6,223,274 |
| Total current assets | 232,427,365 | 209,044,866 |
| Non-Current Assets | ||
| Internally developed intangible assets, net | 2,289,227 | 1,898,470 |
| Operating right-of-use assets | 834,117 | 994,476 |
| Restricted cash, non-current | 1,107,298 | 82,000 |
| Deferred tax asset, net of $8,349,879 and $32,478,033 valuation allowance, respectively | 15,863,790 | — |
| Other assets | 347,475 | 625,471 |
| Total Assets | $252,869,272 | $212,645,283 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Merchant accounts payable | $70,449,314 | $74,135,491 |
| Operating lease liabilities | 83,222 | 57,316 |
| Accrued liabilities | 11,475,162 | 10,790,308 |
| Other payables | 10,498,376 | 5,261,436 |
| Deferred revenue | 4,373,270 | 2,643,230 |
| Line of credit, net of unamortized debt issuance costs of $619,094 | — | 94,380,906 |
| Total current liabilities | 96,879,344 | 187,268,687 |
| Long Term Liabilities | ||
| Long term debt | — | 250,000 |
| Operating lease liabilities | 854,509 | 981,692 |
| Line of credit, net of unamortized debt issuance costs of $1,062,276 | 93,937,724 | — |
| Warrant liabilities | — | 967,257 |
| Other non-current liabilities | 59,681 | 1,083,323 |
| Total Liabilities | 191,731,258 | 190,550,959 |
| Commitments and Contingencies (see Note 8) | ||
| Stockholders' Equity | ||
| Common stock, $0.00001 par value; 750,000,000 shares authorized; 5,747,907 and 5,826,206 shares issued, respectively; 5,580,093 and 5,697,517 shares outstanding, respectively | 2,084 | 2,085 |
| Additional paid-in capital | 184,865,379 | 186,015,079 |
| Treasury stock, at cost: 167,814 and 128,689 shares, respectively | (7,938,255) | (5,755,961) |
| Accumulated other comprehensive loss | (649,352) | (646,999) |
| Accumulated deficit | (115,141,842) | (157,519,880) |
| Total Stockholders' Equity | 61,138,014 | 22,094,324 |
| Total Liabilities and Stockholders' Equity | $252,869,272 | $212,645,283 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.