MINIM INC
For the period ended Mar 31, 2024. Filed May 20, 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 20, 2024
FIEE$2.98-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets
| March 31, 2024 (Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $1,027,057 | $709,322 |
| Accounts receivable, net of allowance of doubtful accounts of $283,242 and $312,983 as of March 31, 2024 and December 31, 2023, respectively | 21,735 | 701,377 |
| Inventories, net | - | 9,952,647 |
| Prepaid expenses and other current assets | 28,832 | 35,768 |
| Total current assets | 1,077,624 | 11,399,114 |
| Equipment, net | 346,729 | 432,505 |
| Operating lease right-of-use assets, net | 9,061 | 22,512 |
| Intangible assets, net | 28,910 | 33,247 |
| Other assets | 40,445 | 472,587 |
| Total assets | $1,502,769 | $12,359,965 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $398,786 | $11,143,693 |
| Current maturities of operating lease liabilities | 9,061 | 22,512 |
| Accrued expenses | 1,011,679 | 1,077,843 |
| Total current liabilities | 1,419,526 | 12,244,048 |
| Total liabilities | 1,419,526 | 12,244,048 |
| Commitments and Contingencies (Note 7) | ||
| Stockholders’ equity | ||
| Preferred Stock, authorized: 10,000,000 shares at $0.001 par value; 2,000,000 shares issued and outstanding | 1,358,573 | - |
| Common Stock, authorized: 60,000,000 shares at $0.01 par value; issued and outstanding: 2,809,689 shares at March 31, 2024 and 2,632,809 shares at December 31, 2023 respectively | 481,104 | 479,335 |
| Additional paid-in capital | 93,971,299 | 92,105,360 |
| Accumulated deficit | (95,727,733) | (92,468,778) |
| Total stockholders’ equity | 83,243 | 115,917 |
| Total liabilities and stockholders’ equity | $1,502,769 | $12,359,965 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.