Castellum Inc
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
CTM$0.45+20.0%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
| For the Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash | $1,830,841 | $4,640,896 |
| Accounts receivable | 6,883,566 | 5,193,562 |
| Contract assets | 160,649 | 257,434 |
| Prepaid income taxes | 216,909 | 351,116 |
| Prepaid expenses and other current assets | 404,228 | 222,995 |
| Total current assets | 9,496,193 | 10,666,003 |
| Fixed assets, net | 310,170 | 173,350 |
| Noncurrent assets: | ||
| Right of use asset – operating lease | 613,143 | 35,524 |
| Intangible assets, net | 8,970,864 | 6,634,167 |
| Goodwill | 10,716,907 | 15,533,964 |
| Total noncurrent assets | 20,611,084 | 22,377,005 |
| Total assets | $30,107,277 | $33,043,008 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $784,965 | $1,617,596 |
| Accrued payroll and payroll related expenses | 2,925,312 | 1,869,517 |
| Current portion of lease liability – operating lease | 185,263 | 22,054 |
| Due to seller | 350,000 | 280,000 |
| Obligation to issue common and preferred stock | 255,940 | — |
| Contingent earnout | 380,000 | 812,000 |
| Derivative liability | 157,600 | 824,000 |
| Revolving credit facility | 625,025 | 300,025 |
| Current portion of convertible promissory notes – related parties, net of discount | 238,212 | — |
| Current portion of notes payable, net of discount | 2,074,775 | 2,033,348 |
| Total current liabilities | 7,977,092 | 7,758,540 |
| Noncurrent liabilities: | ||
| Deferred tax liability | 6,292 | — |
| Lease liability – operating lease, net of current portion | 435,204 | 12,632 |
| Contingent earnout, net of current portion | 340,000 | — |
| Convertible promissory notes – related parties, net of current portion | 2,000,000 | 999,430 |
| Notes payable, net of current portion | 6,000,000 | 6,340,490 |
| Note payable – related party, net of current portion | 400,000 | 400,000 |
| Total noncurrent liabilities | 9,181,496 | 7,752,552 |
| Total liabilities | 17,158,588 | 15,511,092 |
| Stockholders' Equity | ||
| Preferred stock, 50,000,000 shares authorized | ||
| Series A Preferred stock, par value $0.0001; 10,000,000 shares authorized; 5,875,000 issued and outstanding as of December 31, 2023 and 2022 | 588 | 588 |
|---|---|---|
| Series C Preferred stock, par value $0.0001; 10,000,000 shares authorized; 770,000 and 770,000 issued and outstanding as of December 31, 2023 and 2022, respectively | 77 | 77 |
| Common stock, par value $0.0001; 3,000,000,000 shares authorized, 47,672,427 and 41,699,363 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 4,767 | 4,170 |
| Additional paid in capital | 56,926,157 | 43,621,651 |
| Accumulated deficit | (43,982,900) | (26,094,570) |
| Total stockholders’ equity | 12,948,689 | 17,531,916 |
| Total liabilities and stockholders' equity | $30,107,277 | $33,043,008 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.