Expion360 Inc. (XPON) Financial Statements (2024 and earlier)

Company Profile

Business Address 2025 SW DEERHOUND AVE
REDMOND, OR 97756
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9337,201
Cash and cash equivalents3,9337,201
Receivables155298
Inventory, net of allowances, customer advances and progress billings3,8254,530
Inventory3,8254,530
Prepaid expense  
Other undisclosed current assets353313
Total current assets:8,26612,343
Noncurrent Assets
Operating lease, right-of-use asset2,6623,148
Property, plant and equipment9181,144
Deposits noncurrent assets5964
Total noncurrent assets:3,6394,356
TOTAL ASSETS:11,90516,699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities528410
Accounts payable287230
Accrued liabilities241179
Debt5171
Other undisclosed current liabilities3,4371,092
Total current liabilities:4,0161,573
Noncurrent Liabilities
Long-term debt and lease obligation298439
Long-term debt, excluding current maturities298439
Liabilities, other than long-term debt2,2412,755
Operating lease, liability2,2412,755
Other undisclosed noncurrent liabilities  325
Total noncurrent liabilities:2,5403,519
Total liabilities:6,5565,092
Equity
Equity, attributable to parent5,35011,607
Common stock77
Additional paid in capital26,43925,240
Accumulated deficit(21,096)(13,639)
Total equity:5,35011,607
TOTAL LIABILITIES AND EQUITY:11,90516,699

Income Statement (P&L) ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
Revenues5,9817,163
Cost of revenue(4,406)(4,874)
Gross profit:1,5762,288
Operating expenses(8,745)(8,242)
Operating loss:(7,170)(5,953)
Nonoperating income2831,592
Interest and debt expense(125)(1,606)
Loss from continuing operations before equity method investments, income taxes:(7,011)(5,967)
Other undisclosed loss from continuing operations before income taxes(442)(1,578)
Loss from continuing operations before income taxes:(7,453)(7,545)
Income tax expense (benefit)(3)9
Other undisclosed loss from continuing operations  
Net loss:(7,456)(7,537)
Other undisclosed net loss attributable to parent  
Net loss attributable to parent:(7,456)(7,537)
Other undisclosed net income (loss) available to common stockholders, basic 15,073
Net income (loss) available to common stockholders, diluted:(7,456)7,537

Comprehensive Income ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
Net loss:(7,456)(7,537)
Comprehensive loss, net of tax, attributable to parent:(7,456)(7,537)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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