10-Q
Quarterly Report
TRUGOLF HOLDINGS, INC.
TRUG
NASDAQ
CIK: 1857086
File #: 001-40970
Balance Sheet
49 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Current Assets: | ||
Cash and Cash Equivalents | 8,059,359 | 8,782,077 |
Other Current Assets | 2,100,000 | 2,100,000 |
Accounts Receivable | 2,185,888 | 1,399,153 |
Inventory | 2,698,310 | 2,349,345 |
Other Non-Operating Current Assets | 290,389 | 116,619 |
PIPE exchange consideration | 5,651,310 | — |
Other Non-Operating Current Assets | — | 45,737 |
Total Current Assets | 20,985,256 | 14,792,931 |
Property, Plant and Equipment | 210,463 | 143,852 |
Capitalized software development costs, net | 2,674,845 | 1,540,121 |
Operating Lease Right-of-Use Asset | 455,925 | 634,269 |
Other Non-Operating Non-Current Assets | 31,023 | 31,023 |
Total Assets | 24,357,512 | 17,142,196 |
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Current Liabilities: | ||
Accounts Payable | 3,209,831 | 2,819,703 |
Other Current Liabilities | 5,009,228 | 3,113,010 |
Short-Term Debt | 3,734,990 | — |
Nonrelated Party | 10,573 | 10,001 |
Related Party | 2,668,500 | 2,937,000 |
Short-Term Debt | 802,738 | 802,738 |
Dividend notes payable | 118,362 | 4,023,923 |
Other Non-Operating Current Liabilities | 564,947 | 661,376 |
Other Non-Operating Current Liabilities | 1,772,877 | 999,307 |
Accrued and other current liabilities - assumed in Merger | 45,008 | 45,008 |
Operating Lease Liability, Current | 228,536 | 363,102 |
Total Current Liabilities | 18,165,590 | 15,775,168 |
Non-current Liabilities: | ||
Nonrelated Party | 4,232 | 9,732 |
Related Party | 624,000 | 624,000 |
PIPE loan payable, net | — | 4,068,953 |
Gross sales royalty payable | 1,000,000 | 1,000,000 |
Operating Lease Liability, Non-Current | 250,002 | 305,125 |
Total Liabilities | 20,043,824 | 21,782,978 |
Stockholders’ Equity (Deficit): | ||
Series A Common Stock | 80 | 52 |
Series B Common Stock | 20 | 3 |
Treasury stock at cost, 4,692 shares of common stock held, respectively | 2,037,000 | 2,037,000 |
Total Stockholders' Equity | 33,497,876 | 18,551,660 |
Total Stockholders' Equity | (27,147,288) | (21,155,496) |
Total Stockholders’ Equity (Deficit) | 4,313,688 | (4,640,781) |
Common Class A - Common Stock | 80 | 52 |
Common Class B - Common Stock | 20 | 3 |
Treasury Stock, Common | (2,037,000) | (2,037,000) |
Additional Paid-in Capital | 33,497,876 | 18,551,660 |
Retained Earnings | (27,147,288) | (21,155,496) |
Total Liabilities and Stockholders’ Equity (Deficit) | 24,357,512 | 17,142,196 |