Company: FTCI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047224
Chunk: 109

Company: FTC Solar, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 109
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954

    240

    Other assets

    2,341

    2,785

    Total assets
     
    $
    89,928

    $
    123,070

    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current liabilities

    Accounts payable
     
    $
    12,995

    $
    7,979

    Accrued expenses

    20,134

    34,848

    Income taxes payable

    325

    88

    Deferred revenue

    5,306

    3,612

    Other current liabilities

    10,313

    8,138

    Total current liabilities

    49,073

    54,665

    Long-term debt

    9,466

    —

    Operating lease liability, net of current portion

    411

    1,124

    Warrant liability

    9,520

    —

    Other non-current liabilities

    2,422

    4,810

    Total liabilities

    70,892

    60,599

    Commitments and contingencies (Note 15)

    Stockholders’ equity

    Preferred stock par value of $0.0001 per share, 10,000,000 shares authorized; none issued as of December 31, 2024 and December 31, 2023

    —

    —

    Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 12,853,823 and 12,544,533 shares issued and outstanding as of December 31, 2024 and December 31, 2023(*)

    1

    1

    Treasury stock, at cost; 1,076,257 shares as of December 31, 2024 and December 31, 2023

    —

    —

    Additional paid-in capital(*)

    367,318

    361,898

    Accumulated other comprehensive loss

    (542
    )

    (293
    )

    Accumulated deficit

    (347,741
    )

    (299,135
    )

    Total stockholders’ equity

    19,036

    62,471

    Total liabilities and stockholders’ equity
     
    $