10-Q
Quarterly Report
TRUGOLF HOLDINGS, INC.
TRUG
NASDAQ
CIK: 1857086
File #: 001-40970
Balance Sheet
47 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Current Assets: | ||
Cash and Cash Equivalents | 10,515,820 | 8,782,077 |
Other Current Assets | 2,100,000 | 2,100,000 |
Accounts Receivable | 1,579,614 | 1,399,153 |
Inventory | 3,852,977 | 2,349,345 |
Other Non-Operating Current Assets | 189,961 | 116,619 |
Other Non-Operating Current Assets | — | 45,737 |
Total Current Assets | 18,238,372 | 14,792,931 |
Property, Plant and Equipment | 192,711 | 143,852 |
Capitalized software development costs, net | 1,710,652 | 1,540,121 |
Operating Lease Right-of-Use Asset | 545,915 | 634,269 |
Other Non-Operating Non-Current Assets | 31,023 | 31,023 |
Total Assets | 20,718,673 | 17,142,196 |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
Current Liabilities: | ||
Accounts Payable | 2,563,454 | 2,819,703 |
Other Current Liabilities | 4,141,790 | 3,113,010 |
Nonrelated Party | 10,148 | 10,001 |
Related Party | 2,937,000 | 2,937,000 |
Short-Term Debt | 802,738 | 802,738 |
Dividend notes payable | 4,023,923 | 4,023,923 |
Other Non-Operating Current Liabilities | 565,402 | 661,376 |
Other Non-Operating Current Liabilities | 2,823,067 | 999,307 |
Accrued and other current liabilities - assumed in Merger | 45,008 | 45,008 |
Operating Lease Liability, Current | 296,291 | 363,102 |
Total Current Liabilities | 18,208,821 | 15,775,168 |
Non-current Liabilities: | ||
Nonrelated Party | 7,137 | 9,732 |
Related Party | 624,000 | 624,000 |
Long-Term Debt | 5,165,893 | 4,068,953 |
Gross sales royalty payable | 1,000,000 | 1,000,000 |
Operating Lease Liability, Non-Current | 278,071 | 305,125 |
Total Liabilities | 25,283,922 | 21,782,978 |
Stockholders’ Deficit: | ||
Series A Common Stock | 2,918 | 2,612 |
Series B Common Stock | 172 | 172 |
Treasury stock at cost, 4,692 shares of common stock held, respectively | 2,037,000 | 2,037,000 |
Total Stockholders' Equity | 21,294,479 | 18,548,931 |
Total Stockholders' Equity | (23,825,818) | (21,155,496) |
Total Stockholders’ Deficit | (4,565,249) | (4,640,781) |
Series A Common Stock - Common Stock | 2,918 | 2,612 |
Series B Common Stock - Common Stock | 172 | 172 |
Treasury Stock, Common | (2,037,000) | (2,037,000) |
Additional Paid-in Capital | 21,294,479 | 18,548,931 |
Retained Earnings | (23,825,818) | (21,155,496) |
Total Liabilities and Stockholders’ Deficit | 20,718,673 | 17,142,196 |