CLOUDASTRUCTURE, INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
CSAI$1.60-17.5%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
Balance Sheets as of December 31, 2024 and 2023
Balance Sheets
(in thousands, except share and per share numbers)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $52 | $4,042 |
| Accounts receivable | 196 | 351 |
| Inventory | 249 | 315 |
| Other current assets | 38 | 122 |
| Total current assets | 535 | 4,830 |
| Non-current assets: | ||
| Fixed assets, net | 80 | 125 |
| Intangible assets, net | – | – |
| TOTAL ASSETS | $615 | $4,954 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $629 | $27 |
| Accrued expenses | – | 48 |
| Deferred revenue | 489 | 197 |
| Total current liabilities | 1,118 | 272 |
| TOTAL LIABILITIES | 1,118 | 272 |
| Stockholders’ equity: | ||
| Class A common stock, $0.0001 par value; 250,000,000 shares authorized; 14,020,543 and 13,800,418 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 1 | 1 |
| Class B common stock, $0.0001 par value; 100,000,000 shares authorized; 571,011 and 753,857 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | – | – |
| Additional paid-in capital | 40,351 | 39,001 |
| Accumulated deficit | (40,856) | (34,321) |
| TOTAL STOCKHOLDERS’ EQUITY | (503) | 4,682 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $615 | $4,954 |
Statements Of Operations
(in thousands, except for share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues, net | $1,364 | $607 |
| Less: cost of goods sold | (990) | (725) |
| Gross profit (loss) | 374 | (118) |
| Operating expenses: | ||
| General and administrative | 1,241 | 2,365 |
| Research and development | 1,266 | 2,014 |
| Sales and marketing | 1,813 | 2,541 |
| Non-cash expenses | 2,174 | 1,674 |
| Total operating expenses | 6,493 | 8,594 |
| Loss from operations | (6,119) | (8,713) |
| Other income (expenses), net: | ||
| Interest income | 88 | 55 |
| Depreciation | (72) | (209) |
| State and sales taxes | (6) | – |
| SEC settlements | (426) | (140) |
| Net loss | $(6,535) | $(9,007) |
| Basic and diluted (loss) per share of Class A and Class B common stock | $(0.45) | $(0.60) |
Statements Of Shareholders’ Equity (Deficit)
(in thousands, except share and per share numbers)
| Class A Common Stock · Class B Common Stock | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Additional Paid-in Capital | Accumulated Deficit | Total Shareholders’ Equity (Deficit) | |
| Balance as of December 31, 2022 | 13,663,023 | $1 | 856,340 | $1 | $37,453 | $(25,314) | $12,148 |
| Issuances of Class A and Class B shares, net of issuance costs | 141,765 | – | (102,483) | – | 387 | – | 387 |
| Stock-based compensation | – | – | – | – | 1,154 | – | 1,154 |
| Net loss | – | – | – | – | – | (9,007) | (9,007) |
| Balance as of December 31, 2023 | 13,800,418 | $1 | 753,857 | $1 | $39,001 | $(34,321) | $4,682 |
| Issuances of Class A and Class B shares, net of issuance costs | 179,659 | (7) | (146,750) | (1) | (678) | – | (686) |
| Conversion of Class B to Class A shares | 36,096 | – | (36,096) | – | – | – | – |
| Stock-based compensation | – | – | – | 2,035 | – | 2,035 | |
| Net loss | – | – | – | – | (6,535) | (6,535) | |
| Balance as of December 31, 2024 | 14,020,543 | $1 | 571,011 | $0 | $40,351 | $(40,857) | $(503) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.