Serve Robotics Inc. /DE/
For the period ended Mar 31, 2025. Filed May 8, 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.
Mar 31, 2025 · Filed May 8, 2025
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
| March 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $197,758,836 | $123,266,437 |
| Accounts receivable | 381,455 | 86,805 |
| Inventory | - | 309,711 |
| Prepaid expenses | 1,112,309 | 1,396,874 |
| Other receivables | 717,714 | 191,643 |
| Total current assets | 199,970,314 | 125,251,470 |
| Property and equipment, net | 14,279,402 | 11,963,461 |
| Operating lease right-of-use assets | 1,927,493 | 1,807,705 |
| Other non-current assets | 417,407 | 578,237 |
| Total assets | $216,594,616 | $139,600,873 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $3,654,931 | $4,901,665 |
| Accrued liabilities | 890,294 | 654,466 |
| Deferred revenue | - | 20,097 |
| Operating lease liabilities, current | 712,562 | 666,136 |
| Financing lease liabilities, current | - | 564,383 |
| Total current liabilities | 5,257,787 | 6,806,747 |
| Operating lease liabilities, non-current | 1,173,161 | 1,113,212 |
| Total liabilities | 6,430,948 | 7,919,959 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of both March 31, 2025 and December 31, 2024 | - | - |
| Common stock, $0.0001 par value; 300,000,000 shares authorized, 56,971,632 and 51,396,574 shares issued and 56,845,515 and 51,288,566 shares outstanding as of March 31, 2025 and December 31, 2024, each respectively. | 5,682 | 5,127 |
| Additional paid-in capital | 330,899,711 | 239,201,220 |
| Accumulated deficit | (120,741,725) | (107,525,433) |
| Total stockholders’ equity (deficit) | 210,163,668 | 131,680,914 |
| Total liabilities and stockholders’ equity (deficit) | $216,594,616 | $139,600,873 |
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.