Castellum Inc
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
CTM$0.45+20.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash | $12,005,048 | $1,830,841 |
| Restricted Cash | 250,000 | — |
| Accounts receivable | 5,507,384 | 6,883,566 |
| Contract assets | 270,147 | 160,649 |
| Due from buyer | 36,214 | — |
| Prepaid income taxes | 154,793 | 216,909 |
| Prepaid expenses and other current assets | 667,592 | 404,228 |
| Total current assets | 18,891,178 | 9,496,193 |
| Fixed assets, net | 156,111 | 310,170 |
| Noncurrent assets: | ||
| Due from buyer, net of current portion | 191,470 | — |
| Right of use asset – operating leases | 1,075,982 | 613,143 |
| Investment in captive insurance entity | 52,110 | — |
| Intangible assets, net | 6,793,750 | 8,970,864 |
| Goodwill | 10,676,834 | 10,716,907 |
| Total noncurrent assets | 18,946,257 | 20,611,084 |
| Total assets | $37,837,435 | $30,107,277 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $1,140,321 | $784,965 |
| Accrued payroll and payroll related expenses | 3,398,300 | 2,925,312 |
| Current portion of lease liability – operating leases | 310,380 | 185,263 |
| Due to seller | 240,000 | 350,000 |
| Obligation to issue common and preferred stock | 402,708 | 255,940 |
| Contingent earnout | — | 380,000 |
| Derivative liability | 883,000 | 157,600 |
| Revolving credit facility | 1,999,944 | 625,025 |
| Notes payable, related party | 250,000 | — |
| Current portion of convertible promissory notes – related parties, net of discount | — | 238,212 |
| Current portion of notes payable, net of discount | 1,200,000 | 2,074,775 |
| Total current liabilities | 9,824,653 | 7,977,092 |
| Noncurrent liabilities: | ||
| Deferred tax liability | — | 6,292 |
| Lease liability – operating leases, net of current portion | 780,756 | 435,204 |
| Contingent earnout, net of current portion | — | 340,000 |
| Due to seller, net of current portion | 100,000 | — |
| Convertible promissory notes – related parties, net of current portion | — | 2,000,000 |
| Notes payable, net of current portion | 6,800,000 | 6,000,000 |
| Note payable – related party, net of current portion | 150,000 | 400,000 |
|---|---|---|
| Total noncurrent liabilities | 7,830,756 | 9,181,496 |
| Total liabilities | 17,655,409 | 17,158,588 |
| 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, 2024 and 2023 | 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, 2024 and 2023, respectively | 77 | 77 |
| Common stock, par value $0.0001; 3,000,000,000 shares authorized, 77,076,129 and 47,672,427 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 7,707 | 4,767 |
| Additional paid in capital | 74,256,138 | 56,926,157 |
| Accumulated deficit | (54,082,484) | (43,982,900) |
| Total stockholders’ equity | 20,182,026 | 12,948,689 |
| Total liabilities and stockholders' equity | $37,837,435 | $30,107,277 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.