Brand Engagement Network Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
BNAI$4.84+7.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $149,273 | $1,685,013 |
| Accounts receivable, net of allowance | 30,888 | 10,000 |
| Due from Sponsor | 3,000 | — |
| Prepaid expenses and other current assets | 1,042,398 | 201,293 |
| Total current assets | 1,225,559 | 1,896,306 |
| Property and equipment, net | 292,757 | 802,557 |
| Intangible assets, net | 16,124,370 | 17,882,147 |
| Right of use asset - operating lease | 507,182 | — |
| Other assets | — | 1,427,729 |
| TOTAL ASSETS | $18,149,868 | $22,008,739 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $5,995,235 | $1,282,974 |
| Accrued expenses | 4,593,712 | 1,637,048 |
| Due to related parties | 693,036 | — |
| Deferred revenue | — | 2,290 |
| Convertible note | 1,140,000 | — |
| Short-term debt | 1,655,080 | 223,300 |
| Operating lease liability | 173,497 | — |
| Total current liabilities | 14,250,560 | 3,145,612 |
| Warrant liabilities | 919,050 | — |
| Operating lease liability | 335,766 | — |
| Note payable - related party | — | 500,000 |
| Long-term debt | — | 668,674 |
| Total liabilities | 15,505,376 | 4,314,286 |
| Commitments and Contingencies (Note N) | ||
| Stockholders’ equity: | ||
| Preferred stock par value $0.0001 per share, 10,000,000 shares authorized, none designated. There are no shares issued or outstanding as of December 31, 2024 or December 31, 2023 | — | — |
| Common stock par value of $0.0001 per share, 750,000,000 shares authorized. As of December 31, 2024 and 2023, respectively, 39,573,988 and 23,270,404 shares issued and outstanding | 3,957 | 2,327 |
| Additional paid-in capital | 49,657,684 | 30,993,846 |
| Accumulated deficit | (47,017,149) | (13,301,720) |
| Total stockholders’ equity | 2,644,492 | 17,694,453 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $18,149,868 | $22,008,739 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.