Castellum, Inc.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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FY2025 · Filed Mar 9, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash | $14,884,778 | $12,005,048 |
| Restricted Cash | — | 250,000 |
| Accounts receivable | 8,180,180 | 5,507,384 |
| Contract assets | 568,705 | 270,147 |
| Due from buyer | 58,207 | 36,214 |
| Prepaid income taxes | 153,153 | 154,793 |
| Prepaid expenses and other current assets | 800,671 | 667,592 |
| Total current assets | 24,645,694 | 18,891,178 |
| Fixed assets, net | 231,136 | 156,111 |
| Noncurrent assets: | ||
| Due from buyer, net of current portion | 77,259 | 191,470 |
| Right of use asset – operating leases | 800,069 | 1,075,982 |
| Investment in joint ventures/captive insurance entity | 100,250 | 52,110 |
| Intangible assets, net | 5,371,602 | 6,793,750 |
| Goodwill | 10,676,834 | 10,676,834 |
| Total noncurrent assets | 17,257,150 | 18,946,257 |
| Total assets | $41,902,844 | $37,837,435 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $1,904,962 | $1,140,321 |
| Accrued payroll and payroll related expenses | 2,761,998 | 3,398,300 |
| Current portion of lease liability – operating leases | 270,868 | 310,380 |
| Due to seller | — | 240,000 |
| Obligation to issue common and preferred stock | — | 402,708 |
| Derivative liability | 262,000 | 883,000 |
| Revolving credit facility | — | 1,999,944 |
| Notes payable, related party | 400,000 | 250,000 |
| Current portion of notes payable, net of discount | — | 1,200,000 |
| Total current liabilities | 5,599,828 | 9,824,653 |
| Noncurrent liabilities: | ||
| Lease liability – operating leases, net of current portion | 550,219 | 780,756 |
| Due to seller, net of current portion | — | 100,000 |
| Notes payable, net of current portion | — | 6,800,000 |
| Note payable – related party, net of current portion | — | 150,000 |
| Total noncurrent liabilities | 550,219 | 7,830,756 |
| Total liabilities | 6,150,047 | 17,655,409 |
| 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, 2025 and 2024 | 588 | 588 |
|---|---|---|
| Series C Preferred stock, par value $0.0001; 10,000,000 shares authorized; 570,000 and 770,000 issued and outstanding as of December 31, 2025 and 2024, respectively | 57 | 77 |
| Common stock, par value $0.0001; 3,000,000,000 shares authorized, 94,612,750 and 77,076,129 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 9,461 | 7,707 |
| Additional paid in capital | 92,330,909 | 74,256,138 |
| Accumulated deficit | (56,588,218) | (54,082,484) |
| Total stockholders’ equity | 35,752,797 | 20,182,026 |
| Total liabilities and stockholders' equity | $41,902,844 | $37,837,435 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.