MINIM INC
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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
| June 30, 2024 (Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $630,816 | $709,322 |
| Accounts receivable, net of allowance of doubtful accounts of $0 and $312,983 as of June 30, 2024 and December 31, 2023, respectively | - | 701,377 |
| Inventories, net | - | 9,952,647 |
| Prepaid expenses and other current assets | 24,105 | 35,768 |
| Total current assets | 654,921 | 11,399,114 |
| Equipment, net | 263,981 | 432,505 |
| Operating lease right-of-use assets, net | - | 22,512 |
| Intangible assets, net | - | 33,247 |
| Other assets | 34,378 | 472,587 |
| Total assets | $953,280 | $12,359,965 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities | ||
| Accounts payable | $263,744 | $11,143,693 |
| Current maturities of operating lease liabilities | - | 22,512 |
| Accrued expenses | 1,094,206 | 1,077,843 |
| Total current liabilities | 1,357,950 | 12,244,048 |
| Total liabilities | 1,357,950 | 12,244,048 |
| Commitments and Contingencies (Note 7) | ||
| Stockholders’ equity (deficit) | ||
| 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 June 30, 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 | (96,215,645) | (92,468,778) |
| Total stockholders’ equity (deficit) | (404,669) | 115,917 |
| Total liabilities and stockholders’ equity (deficit) | $953,281 | $12,359,965 |
See accompanying notes to the unaudited condensed consolidated financial statements.
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