Expion360 Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
XPON$2.58+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| As of December 31, 2023 | As of December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $3,932,698 | $7,201,244 |
| Accounts receivable, net | 154,935 | 298,035 |
| Inventory | 3,825,390 | 4,530,136 |
| Prepaid/in-transit inventory | 163,948 | 141,611 |
| Prepaid expenses and other current assets | 189,418 | 171,791 |
| Total current assets | 8,266,389 | 12,342,817 |
| Property and equipment | 1,348,326 | 1,394,619 |
| Accumulated depreciation | (430,295) | (250,861) |
| Property and equipment, net | 918,031 | 1,143,758 |
| Other Assets | ||
| Operating leases – right-of-use asset | 2,662,015 | 3,148,455 |
| Deposits | 58,896 | 63,901 |
| Total other assets | 2,720,911 | 3,212,356 |
| Total assets | $11,905,331 | $16,698,931 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $286,985 | $230,250 |
| Customer deposits | 17,423 | 58 |
| Accrued expenses and other current liabilities | 292,515 | 306,164 |
| Convertible note | 2,082,856 | — |
| Current portion of operating lease liability | 522,764 | 465,055 |
| Current portion of stockholder promissory notes | 762,500 | 500,000 |
| Current portion of long-term debt | 50,839 | 71,426 |
| Total current liabilities | 4,015,882 | 1,572,953 |
| Long-term debt, net of current portion and discount | 298,442 | 439,049 |
| Operating lease liability, net of current portion | 2,241,325 | 2,754,964 |
| Stockholder promissory notes, net of current portion | — | 325,000 |
| Total liabilities | $6,555,649 | $5,091,966 |
| Stockholders’ equity | ||
| Preferred stock, par value $.001; 20,000,000 shares authorized; zero shares issued and outstanding | — | — |
| Common stock, par value $.001; 200,000,000 shares authorized; 6,922,912 and 6,802,464 issued and outstanding as of December 31, 2023 and 2022, respectively | 6,923 | 6,802 |
| Additional paid-in capital | 26,438,524 | 25,239,654 |
| Accumulated deficit | (21,095,765) | (13,639,491) |
| Total stockholders’ equity | 5,349,682 | 11,606,965 |
| Total liabilities and stockholders’ equity | $11,905,331 | $16,698,931 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.