Expion Energy, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Mar 31, 2025
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, 2024 | As of December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $547,565 | $3,932,698 |
| Accounts receivable, net | 613,022 | 154,935 |
| Inventory | 4,831,461 | 3,825,390 |
| Prepaid/in-transit inventory | 1,612,686 | 163,948 |
| Prepaid expenses and other current assets | 236,461 | 189,418 |
| Total current assets | 7,841,195 | 8,266,389 |
| Property and equipment | 914,081 | 1,348,326 |
| Accumulated depreciation | (430,191) | (430,295) |
| Property and equipment, net | 483,890 | 918,031 |
| Other Assets | ||
| Operating leases – right-of-use asset | 754,832 | 2,662,015 |
| Deposits | 27,471 | 58,896 |
| Total other assets | 782,303 | 2,720,911 |
| Total assets | $9,107,388 | $11,905,331 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $338,091 | $286,985 |
| Customer deposits | 48,474 | 17,423 |
| Accrued expenses and other current liabilities | 187,464 | 292,515 |
| Convertible note | — | 2,082,856 |
| Current portion of operating lease liability | 256,153 | 522,764 |
| Current portion of stockholder promissory notes | — | 762,500 |
| Current portion of long-term debt | 31,758 | 50,839 |
| Suspended Liability | 4,985,948 | — |
| Total current liabilities | 5,847,888 | 4,015,882 |
| Long-term debt, net of current portion and discount | 198,412 | 298,442 |
| Operating lease liability, net of current portion | 542,764 | 2,241,325 |
| Total liabilities | $6,589,064 | $6,555,649 |
| Stockholders’ equity | ||
| Preferred stock, par value $.001; 20,000,000 shares authorized; zero 0 shares issued and outstanding | — | — |
| Common stock, par value $.001; 200,000,000 shares authorized; 2,096,082 and 69,230 issued and outstanding as of December 31, 2024 and 2023, respectively | 2,096 | 69 |
| Additional paid-in capital | 37,091,468 | 26,445,378 |
| Accumulated deficit | (34,575,240) | (21,095,765) |
| Total stockholders’ equity | 2,518,324 | 5,349,682 |
| Total liabilities and stockholders’ equity | $9,107,388 | $11,905,331 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.