v3.24.1.u1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 26,307,000 $ 18,891,000
Accounts receivable, net 8,923,000 384,000
Receivables - other, net 1,846,000 0
Inventory, net 5,135,000 1,287,000
Unbilled revenue 189,000 142,000
VAT receivable 342,000 433,000
Prepaid expenses 640,000 46,000
Notes receivable due from related party 256,000 0
Total Current Assets 43,638,000 21,183,000
Property and equipment, net 3,989,000 1,246,000
Goodwill 731,000 0
Intangible assets, net 14,423,000 50,000
Operating right of use assets, net 1,566,000 855,000
Finance lease right-of-use assets, net 22,000 0
Equity method investment 0 5,261,000
Deposits 39,000 0
Prepaid expenses, net of current portion 61,000 49,000
Total Other Assets 16,842,000 6,215,000
Total Assets 64,469,000 28,644,000
Current Liabilities    
Accounts payable and accrued expenses 13,176,000 1,523,000
Contract liabilities 42,000 36,000
Notes payable 312,000 60,000
Due to related party 18,000 28,000
Operating lease liabilities 532,000 209,000
Current portion, Finance Lease Liability 18,000 0
Income taxes payable 139,000 94,000
Liabilities from discontinued operations 0 112,000
Total Current Liabilities 14,237,000 2,062,000
Long Term Liabilities:    
Long-term portion of notes payable 1,211,000 156,000
Operating lease liabilities, net of current portion 929,000 650,000
Long-term portion, Finance lease liability 5,000 0
Total Liabilities 16,382,000 2,868,000
Commitments and Contingencies 0 0
Equity    
Preferred stock ($0.0001 par value; 3,333,333 shares authorized) 0 0
Common stock ($0.0001 par value; 50,000,000 shares authorized, 18,724,596 and 14,402,025 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively) 2,000 1,000
Additional paid-in capital 67,170,000 56,963,000
Accumulated deficit (34,925,000) (31,147,000)
Accumulated other comprehensive loss (63,000) (41,000)
Equity attributable to NextPlat Corp stockholders 32,184,000 25,776,000
Equity attributable to noncontrolling interests 15,903,000 0
Total Equity 48,087,000 25,776,000
Total Liabilities and Equity $ 64,469,000 $ 28,644,000

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