v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 23,526,000 $ 26,307,000
Accounts receivable, net 12,928,000 8,923,000
Receivables - other, net 2,068,000 1,846,000
Inventory, net 5,610,000 5,135,000
Unbilled revenue 185,000 189,000
VAT receivable 357,000 342,000
Prepaid expenses 404,000 640,000
Notes receivable due from related party 260,000 256,000
Total Current Assets 45,338,000 43,638,000
Property and equipment, net 3,846,000 3,989,000
Goodwill 731,000 731,000
Intangible assets, net 13,725,000 14,423,000
Operating right of use assets, net 1,303,000 1,566,000
Finance right-of-use assets, net 18,000 22,000
Deposits 39,000 39,000
Prepaid expenses, net of current portion 61,000 61,000
Total Other Assets 15,877,000 16,842,000
Total Assets 65,061,000 64,469,000
Current Liabilities    
Accounts payable and accrued expenses 14,893,000 13,176,000
Contract liabilities 140,000 42,000
Notes payable 233,000 312,000
Due to related party 42,000 18,000
Operating lease liabilities 532,000 532,000
Finance lease liabilities 20,000 18,000
Income taxes payable 90,000 139,000
Total Current Liabilities 15,950,000 14,237,000
Long Term Liabilities:    
Long-term portion of notes payable 1,165,000 1,211,000
Operating lease liabilities, net of current portion 853,000 929,000
Finance lease liabilities, net of current portion 0 5,000
Total Liabilities 17,968,000 16,382,000
Commitments and Contingencies
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 18,724,596 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively) 2,000 2,000
Additional paid-in capital 67,717,000 67,170,000
Accumulated deficit (36,406,000) (34,925,000)
Accumulated other comprehensive loss (90,000) (63,000)
Equity attributable to NextPlat Corp stockholders 31,223,000 32,184,000
Equity attributable to non-controlling interests 15,870,000 15,903,000
Total Equity 47,093,000 48,087,000
Total Liabilities and Equity $ 65,061,000 $ 64,469,000

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