10-K
Annual Report
TRUGOLF HOLDINGS, INC.
TRUG
NASDAQ
CIK: 1857086
File #: 001-40970
Balance Sheet
50 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Current Assets: | ||
Cash and Cash Equivalents | 10,469,263 | 8,782,077 |
Other Current Assets | 2,100,000 | 2,100,000 |
Accounts Receivable | 1,060,709 | 1,399,153 |
Inventory | 863,257 | 2,349,345 |
Other Non-Operating Current Assets | 985,076 | 116,619 |
Other Non-Operating Current Assets | — | 45,737 |
Total Current Assets | 15,478,305 | 14,792,931 |
Property, Plant and Equipment | 355,499 | 143,852 |
Other Non-Current Assets | 3,633,661 | 1,540,121 |
Operating Lease Right-of-Use Asset | 682,648 | 634,269 |
Other Non-Operating Non-Current Assets | 31,023 | 31,023 |
Total Assets | 20,181,136 | 17,142,196 |
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Current Liabilities: | ||
Accounts Payable | 2,767,385 | 2,819,702 |
Other Current Liabilities | 5,560,725 | 3,113,010 |
Nonrelated Party | 9,733 | 10,001 |
Related Party | 2,537,000 | 2,937,000 |
Short-Term Debt | 802,738 | 802,738 |
Dividend notes payable | 118,362 | 4,023,923 |
Other Non-Operating Current Liabilities | 594,590 | 661,376 |
Other Non-Operating Current Liabilities | 1,463,742 | 999,307 |
Accrued and other current liabilities - assumed in Merger | 45,008 | 45,008 |
Operating Lease Liability, Current | 502,526 | 363,102 |
Total Current Liabilities | 14,401,809 | 15,775,167 |
Non-current Liabilities: | ||
Nonrelated Party | — | 9,732 |
Related Party | 287,000 | 624,000 |
Long-Term Debt | — | 4,068,953 |
Gross sales royalty payable | 1,000,000 | 1,000,000 |
Operating Lease Liability, Non-Current | 191,944 | 305,125 |
Total Liabilities | 15,880,753 | 21,782,977 |
Stockholders’ Equity (Deficit): | ||
Series A Convertible Preferred Stock | 1 | — |
Common Class A | 41 | 5 |
Common Class B | 2 | — |
Series B Common Stock | 2 | — |
Treasury stock at cost, 9 shares of common stock held, respectively | 2,037,000 | 2,037,000 |
Total Stockholders' Equity | 47,413,839 | 18,551,710 |
Total Stockholders' Equity | (41,076,500) | (21,155,496) |
Total Stockholders’ Equity (Deficit) | 4,300,383 | (4,640,781) |
Series A Preferred Stock - Preferred Stock | 1 | — |
Common Class A - Common Stock | 41 | 5 |
Common Class B - Common Stock | 2 | — |
Treasury Stock, Common | (2,037,000) | (2,037,000) |
Additional Paid-in Capital | 47,413,839 | 18,551,710 |
Retained Earnings | (41,076,500) | (21,155,496) |
Total Liabilities and Stockholders’ Equity (Deficit) | 20,181,136 | 17,142,196 |