Unusual Machines Inc
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
UMAC$13.48+13.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Balance Sheets
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,208,606 | $894,773 |
| Accounts receivable | 1,933 | – |
| Inventory | 1,641,839 | – |
| Prepaid inventory | 998,254 | – |
| Deferred offering costs | – | 512,758 |
| Other current assets | 278,258 | 120,631 |
| Total current assets | 6,128,890 | 1,528,162 |
| Non-current assets: | ||
| Property and equipment, net | 1,083 | 1,254 |
| Operating lease right-of-use assets | 373,131 | – |
| Goodwill and intangible assets | 17,666,162 | – |
| Other non-current assets | 59,426 | – |
| Total non-current assets | 18,099,802 | 1,254 |
| Total assets | $24,228,692 | $1,529,416 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $455,764 | $114,497 |
| Operating lease liabilities | 59,946 | – |
| Deferred revenue | 176,268 | – |
| Total current liabilities | 691,978 | 114,497 |
| Long-term liabilities | ||
| Convertible note | 2,000,000 | – |
| Operating lease liabilities – long term | 313,896 | – |
| Total liabilities | 3,005,875 | 114,497 |
| Commitments and contingencies (See note 12) | – | – |
| Stockholders’ equity: | ||
| Series B preferred stock - $0.01 par value, 10,000,000 authorized and 70 and 190 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 1 | 2 |
| Common stock - $0.01 par value, 500,000,000 authorized and 9,333,341 and 3,217,255 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 93,334 | 32,173 |
| Additional paid in capital | 25,568,529 | 4,715,790 |
| Accumulated deficit | (4,439,047) | (3,333,046) |
| Total stockholders’ equity | 21,222,817 | 1,414,919 |
| Total liabilities and stockholders’ equity | $24,228,692 | $1,529,416 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.