MYOMO, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
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September 30, |
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December 31, |
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2025 |
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2024 |
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(unaudited) |
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ASSETS |
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Current Assets: |
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Cash and cash equivalents |
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$ |
12,553,558 |
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$ |
24,372,373 |
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Short-term investments |
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— |
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492,990 |
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Accounts receivable, net |
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5,292,520 |
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3,825,291 |
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Inventories, net |
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3,645,314 |
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3,165,965 |
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Prepaid expenses and other current assets |
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1,457,595 |
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933,377 |
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Total Current Assets |
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22,948,987 |
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32,789,996 |
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Restricted cash |
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375,000 |
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375,000 |
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Operating lease assets with right of use |
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6,870,283 |
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7,584,663 |
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Equipment, net |
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3,714,810 |
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1,330,008 |
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Other assets |
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168,350 |
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164,412 |
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Total Assets |
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$ |
34,077,430 |
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$ |
42,244,079 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current Liabilities: |
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Accounts payable and accrued expenses |
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6,668,162 |
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9,021,817 |
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Current operating lease liability |
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464,239 |
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748,021 |
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Income taxes payable |
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351,974 |
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318,885 |
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Deferred revenue |
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134,750 |
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83,115 |
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Current portion long-term debt |
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583,333 |
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— |
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Revolving credit line |
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1,000,000 |
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— |
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Total Current Liabilities |
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9,202,458 |
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10,171,838 |
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Non-current operating lease liability |
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7,832,722 |
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7,358,184 |
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Long-term debt |
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2,416,667 |
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— |
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Total Liabilities |
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19,451,847 |
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17,530,022 |
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Commitments and Contingencies |
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— |
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— |
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Stockholders’ Equity: |
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Preferred stock |
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— |
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— |
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Common stock |
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3,843 |
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3,439 |
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Additional paid-in capital |
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129,365,034 |
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127,846,026 |
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Accumulated other comprehensive income |
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137,653 |
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(14,406 |
) |
Accumulated deficit |
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(114,874,483 |
) |
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(103,114,538 |
) |
Treasury stock, at cost |
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(6,464 |
) |
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(6,464 |
) |
Total Stockholders’ Equity |
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14,625,583 |
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24,714,057 |
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Total Liabilities and Stockholders’ Equity |
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$ |
34,077,430 |
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$ |
42,244,079 |
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