Company: GSIT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108467
Chunk: 3

Company: GSI TECHNOLOGY INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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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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​​​​​​​​​September 30, ​March 31, ​​2025  2025​​(In thousands, except shareand per share amounts)ASSETS​​​​​​Cash and cash equivalents   $ 25,326    $ 13,434Accounts receivable, net​  1,609​  3,169Inventories​  3,634​  3,891Prepaid expenses and other current assets ($375 and $375 from a related party)​​ 2,167​  2,961Total current assets​  32,736​  23,455Property and equipment, net​  936​  808Operating lease right-of-use assets​​ 8,913​​ 9,547Goodwill​​ 7,978​​ 7,978Intangible assets, net​​ 1,206​​ 1,323Deposits​  220​  206Total assets $ 51,989 $ 43,317LIABILITIES AND STOCKHOLDERS’ EQUITY​​​​​​Accounts payable ($17 and $8 to a related party) $ 1,190 $ 991Lease liabilities, current​​ 1,602​​ 1,642Accrued expenses and other liabilities​  3,168​  4,441Total current liabilities​  5,960​  7,074Deferred tax liability​  17​  16Lease liabilities, non-current​​ 7,460​​ 8,001Total liabilities​  13,437​  15,091Commitments 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: 30,229,703 and 25,605,973 shares, respectively​  30​  26Additional paid-in capital​  79,216​  63,492Accumulated other comprehensive loss​  (87)​  (87)Ret