v3.25.4

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2025	Jun. 30, 2025
Current Assets:
Cash	$ 3,913	$ 5,715
Accounts receivable, net	962	1,464
Inventories, net	3,080	2,066
Prepaid expenses and other	170	162
Total Current Assets	8,125	9,407
Long-Term Assets:
Right-of-use asset	973	1,087
Property and equipment, net	9	15
Intangibles, net	334	364
Other assets	15	15
Total Long-Term Assets	1,331	1,481
Total Assets	9,456	10,888
Current Liabilities:
Accounts payable	2,128	3,009
Accrued expenses	366	362
Customer refunds	268	379
Customer deposits	581	1,101
Lease liability–current	243	227
Unearned warranty revenue	77	35
Total Current Liabilities	3,663	5,113
Long-Term Liabilities:
Lease liability–non-current	794	918
Total Long-Term Liabilities	794	918
Total Liabilities	4,457	6,031
Stockholders’ Equity
Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,945,115 and 9,939,080 shares issued and outstanding at December 31, 2025 and June 30, 2025, respectively	0	0
Additional paid-in capital	12,081	12,061
Accumulated deficit	(7,082)	(7,204)
Total Stockholders’ Equity	4,999	4,857
Total Liabilities and Stockholders’ Equity	$ 9,456	$ 10,888

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

MOVING iMAGE TECHNOLOGIES INC. 10-Q