Z Squared Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed May 14, 2025
ZSQR$2.79-17.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| As of | ||
|---|---|---|
| March 31, 2025 (unaudited) | December 31, 2024 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $4,268,368 | $532,885 |
| Prepaid assets | 382,628 | 518,407 |
| TOTAL CURRENT ASSETS | 4,650,996 | 1,051,292 |
| PROPERTY AND EQUIPMENT | ||
| Furniture and fixtures | 25,237 | 25,237 |
| Less: accumulated depreciation | 14,924 | 14,777 |
| Furniture and fixtures, net | 10,313 | 10,460 |
| OTHER ASSETS | ||
| Investments | 6,941,083 | 5,691,084 |
| Intangible assets, net | 496,719 | 541,875 |
| Co-development options, net | 1,304,167 | 1,554,166 |
| Right of use asset, net of accumulated amortization | 49,789 | 59,783 |
| Total other assets | 8,791,758 | 7,846,908 |
| TOTAL ASSETS | $13,453,067 | $8,908,660 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,120,657 | $1,269,763 |
| Accrued expenses | 602,447 | 736,884 |
| Notes payable, in default | 100,000 | 100,000 |
| Convertible notes payable, net of debt discount of $445,756 and $435,635 | 1,739,244 | 1,087,873 |
| Right of use liability, current portion | 32,191 | 42,305 |
| Derivative liability | 635,489 | 1,041,484 |
| Customer deposit | 1,187,126 | – |
| Other current liabilities | 235,000 | 235,000 |
| TOTAL CURRENT LIABILITIES | 5,652,154 | 4,513,309 |
| LONG TERM LIABILITIES | ||
| SBA loan payable | 150,000 | 150,000 |
| Derivative liability warrants | 169,125 | 359,250 |
| Right of use liability, non-current portion | 18,874 | 18,875 |
| TOTAL LONG TERM LIABILITIES | 337,999 | 528,125 |
| TOTAL LIABILITIES | 5,990,153 | 5,041,434 |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) | – | – |
| STOCKHOLDERS' EQUITY | ||
| Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, 3,800 and 6,250 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 1 | 2 |
| Common stock, $0.0001 par value, 150,000,000 shares authorized, 3,364,939 and 2,116,191 shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively | 337 | 212 |
| Additional paid-in capital | 108,382,890 | 102,976,748 |
| Common stock subscribed | – | 541,875 |
| Subscription receivable | (250,000) | (2,100,000) |
| Accumulated deficit | (101,654,614) | (98,233,673) |
| TOTAL STOCKHOLDERS' EQUITY - CONTROLLING INTERESTS | 6,478,614 | 3,185,164 |
| TOTAL STOCKHOLDERS' EQUITY - NONCONTROLLING INTERESTS | 984,300 | 682,062 |
| TOTAL STOCKHOLDERS' EQUITY | 7,462,914 | 3,867,226 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $13,453,067 | $8,908,660 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.