MindForge reported total assets of $38.34M and total liabilities of $1.37M for the quarter ended Dec 2025, up 309.6% year over year. This balance sheet covers 6 quarters of results from Jun 2023 through Dec 2025, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | Jun2023 | Dec2023 | Jun2024 | Dec2024 | Jun2025 | Dec2025 |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Current Assets | ||||||
| Cash & EquivalentsCash & Equiv. | 1.29M | 5.13M | 4.83M | 18.70M | 11.18M | 9.87M |
| Short-term InvestmentsInvestments (Current) | 2.97M | 3.13M | ||||
| Cash & Current Investments | 4.27M | 8.26M | 4.83M | 18.70M | 11.18M | 9.87M |
| Receivables - NetNet Receivables | 0.26M | 0.27M | 0.40M | 0.03M | 0.23M | 0.03M |
| Receivables - OtherOther Receivables | 9.40M | |||||
| Receivables | 0.26M | 0.27M | 9.79M | 0.03M | 0.23M | 0.03M |
| Inventory | 2.97M | 2.07M | 3.74M | 3.64M | 3.93M | |
| Prepaid Assets | 0.07M | 0.57M | 9.44M | 0.13M | 0.01M | 4.02M |
| Current Assets | 4.60M | 9.10M | 16.74M | 22.60M | 15.06M | 17.87M |
| Non-Current Assets | ||||||
| Construction in Progress | 5.81M | 0.25M | ||||
| Property, Plant & Equipment (Net)PP&E (Net) | 0.00M | 0.01M | 0.01M | 0.01M | 0.00M | 5.89M |
| Long-Term Investments | 0.85M | 0.56M | 0.08M | 0.07M | ||
| Intangibles | 0.01M | 0.01M | 0.01M | 0.01M | ||
| Goodwill & Intangibles | 0.01M | 0.01M | 0.01M | 0.01M | ||
| Long-Term Deferred Tax | 0.05M | 0.05M | ||||
| Other Non-Current Assets | 0.25M | 0.25M | 0.02M | 0.02M | 0.01M | 0.01M |
| Non-Current Assets | 0.25M | 0.26M | 0.05M | 0.04M | 5.92M | 20.47M |
| Assets | 4.85M | 9.36M | 16.79M | 22.65M | 20.98M | 38.34M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payables | 0.57M | 1.67M | 0.72M | 1.04M | 0.20M | 0.08M |
| Payables | 0.57M | 1.67M | 0.72M | 1.04M | 0.20M | 0.08M |
| Accumulated Expenses | 0.15M | 0.15M | 0.15M | 0.13M | 0.24M | 0.19M |
| Other Accumulated Expenses | 0.41M | 0.41M | 0.57M | 0.45M | 0.37M | 0.33M |
| Short term Debt | 0.14M | 0.42M | 0.70M | 0.81M | 0.39M | |
| Current Leases | 0.01M | 0.01M | 0.01M | |||
| Current Taxes | 0.74M | 0.83M | 0.88M | 0.35M | 0.63M | 0.61M |
| Current Deferred Revenue | 1.78M | 0.00M | ||||
| Total Current Liabilities | 3.78M | 3.49M | 2.91M | 2.77M | 1.47M | 0.87M |
| Non-Current Liabilities | ||||||
| Preferred Stock Liabilities | 0.03M | |||||
| Non-Current Deferred Tax LiabilityNon-Current Deferred Tax | 154.00 | 338.00 | 149.00 | 347.00 | ||
| Operating Leases | 0.01M | 0.01M | ||||
| Other Non-Current Liabilities | 0.00M | 519.00 | 219.00 | 0.49M | 0.50M | |
| Total Non-Current Liabilities | 3.78M | 0.01M | 338.00 | 0.49M | 0.50M | |
| Total Liabilities | 3.78M | 3.49M | 2.92M | 2.77M | 1.96M | 1.37M |
| Shareholder's Equity | ||||||
| Total Debt | 0.14M | 0.42M | 0.70M | 0.81M | 0.39M | |
| Common Equity | 1.07M | 5.87M | 13.87M | 19.87M | 19.02M | 36.97M |
| Liabilities and Shareholders Equity | 4.85M | 9.36M | 16.79M | 22.65M | 20.98M | 38.34M |
| Retained Earnings | -0.21M | -0.43M | -1.23M | -0.72M | -3.76M | -13.88M |