Data Storage Corp
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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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, 2025 · Filed Aug 14, 2025
DTST$2.63+9.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Current Assets: | ||
| Cash and cash equivalents | $611,323 | $1,070,097 |
| Accounts receivable, net of allowance for expected credit losses of $16,305 and $31,472, as of June 30, 2025 and December 31, 2024, respectively | 1,727,111 | 2,225,458 |
| Marketable securities | 10,510,179 | 11,261,006 |
| Prepaid expenses and other current assets | 1,913,094 | 859,502 |
| Total current assets | 14,761,707 | 15,416,063 |
| Property and Equipment: | ||
| Property and equipment | 10,078,502 | 9,598,963 |
| Less: Accumulated depreciation | (6,740,363) | (6,159,307) |
| Property and equipment, net | 3,338,139 | 3,439,656 |
| Other assets: | ||
| Goodwill | 4,238,671 | 4,238,671 |
| Operating lease right-of-use assets | 525,416 | 575,380 |
| Other assets | 263,778 | 183,439 |
| Intangible assets, net | 1,293,435 | 1,427,006 |
| Total long-term assets | 6,321,300 | 6,424,496 |
| Total assets | $24,421,146 | $25,280,215 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $2,349,999 | $3,183,379 |
| Deferred revenue | 227,204 | 212,390 |
| Finance leases payable | — | 17,641 |
| Finance leases payable related party | — | 33,879 |
| Operating lease liabilities short term | 105,750 | 98,860 |
| Total current liabilities | 2,682,953 | 3,546,149 |
| Operating lease liabilities | 468,432 | 523,070 |
| Deferred tax liability | 39,031 | 39,031 |
| Total long-term liabilities | 507,463 | 562,101 |
| Total liabilities | 3,190,416 | 4,108,250 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, Series A par value $0.001; 10,000,000 shares authorized; 0 and 0 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively | — | — |
| Common stock, par value $0.001; 250,000,000 shares authorized; 7,230,619 and 7,045,108 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively | 7,231 | 7,045 |
| Additional paid in capital | 41,094,738 | 40,417,813 |
| Accumulated deficit | (19,691,560) | (18,982,589) |
| Accumulated other comprehensive income (loss) | 64,015 | (23,214) |
| Total Data Storage Corp stockholders’ equity | 21,474,424 | 21,419,055 |
| Non-controlling interest in consolidated subsidiary | (243,694) | (247,090) |
| Total stockholders’ equity | 21,230,730 | 21,171,965 |
| Total liabilities and stockholders’ equity | $24,421,146 | $25,280,215 |
The accompanying notes are an integral part of these condensed consolidated Financial Statements.
DATA STORAGE CORPORATION AND SUBSIDIARIES
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