Serve Robotics Inc DE
For the period ended Jun 30, 2024. Filed Aug 13, 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 13, 2024
SERV$3.39+5.3%Stored close · as of Nov 9, 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
As of June 30, 2024 and December 31, 2023
| June 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $28,780,034 | $6,756 |
| Accounts receivable | 93,132 | 2,955 |
| Inventory | 709,289 | 774,349 |
| Prepaid expenses | 1,119,995 | 676,969 |
| Escrow Receivable | 180,000 | - |
| Total current assets | 30,882,450 | 1,461,029 |
| Property and equipment, net | 819,244 | 48,422 |
| Right of use asset | 552,143 | 782,439 |
| Security Deposits | 512,659 | 512,659 |
| Total assets | $32,766,496 | $2,804,549 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $1,387,559 | $2,050,605 |
| Accrued liabilities | 46,079 | 255,849 |
| Deferred revenue | 52,863 | - |
| Note payable, current | 750,000 | 1,000,000 |
| Note payable - related party | - | 70,000 |
| Right of use liability, current portion | 413,800 | 496,963 |
| Lease liability, current portion | 1,617,224 | 2,363,807 |
| Total current liabilities | 4,267,525 | 6,237,224 |
| Note payable, net of current portion | - | 230,933 |
| Restricted stock award liability | - | 158,617 |
| Right of use liability | 35,230 | 211,181 |
| Total liabilities | 4,302,755 | 6,837,955 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of both June 30, 2024 and December 31, 2023 | - | - |
| Common stock, $0.0001 par value; 300,000,000 shares authorized,36,642,064 and 24,832,814 shares issued and 36,529,574 and 24,508,795 shares outstanding as of June 30, 2024 and December 31, 2023. | 3,651 | 2,450 |
| Additional paid-in capital | 114,869,809 | 64,468,141 |
| Subscription receivable | - | (169,616) |
| Accumulated deficit | (86,409,719) | (68,334,381) |
| Total stockholders’ equity (deficit) | 28,463,741 | (4,033,406) |
| Total liabilities and stockholders’ equity (deficit) | $32,766,496 | $2,804,549 |
See accompanying notes to the unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.