Company: GSIT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001558370-25-000749
Chunk: 1

Company: GSI TECHNOLOGY INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1.Financial Statements (unaudited)

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 GSI TECHNOLOGY, INC.

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CONDENSED CONSOLIDATED BALANCE SHEETS

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(Unaudited)

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​​​​​​​​​​December 31, ​March 31, ​​​2024  2024    ​​(In thousands, except shareand per share amounts)​ASSETS​​​​​​​Cash and cash equivalents   $ 15,085    $ 14,429​Accounts receivable, net​  3,583​  3,118​Inventories​  3,885​  4,977​Prepaid expenses and other current assets ($375 and $375 from a related party)​  1,267​  1,954​Assets held for sale​​ —​​ 5,629​Total current assets​  23,820​  30,107​Property and equipment, net​  883​  1,148​Operating lease right-of-use assets​​ 9,858​​ 1,553​Goodwill​​ 7,978​​ 7,978​Intangible assets, net​​ 1,381​​ 1,556​Deposits​  213​  122​Total assets $ 44,133 $ 42,464​LIABILITIES AND STOCKHOLDERS’ EQUITY​​​​​​​Accounts payable ($1 and $0 to a related party) $ 691 $ 668​Lease liabilities, current​​ 1,552​​ 567​Accrued expenses and other liabilities​  3,657​  4,130​Total current liabilities​  5,900​  5,365​Deferred tax liability​  16​  14​Lease liabilities, non-current​​ 8,284​​ 955​Contingent consideration, non-current​​ —​​ 160​Total liabilities​  14,200​  6,494​Commitments and contingencies (Note 9)​​​​​​​Stockholders’ equity:​​​​​​​Preferred stock: $0.001 par value authorized: 5,000,000 shares; issued and outstanding: none​  —​  —​Common Stock: $0.001 par value authorized: 150,000,000 shares; issued and outstanding: 25,600,297 and