Company: VUZI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001558370-25-011550
Chunk: 3

Company: Vuzix Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1C
Chunk 3
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Item 1: Consolidated Financial Statements

VUZIX CORPORATION

CONSOLIDATED BALANCE SHEETS

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​​​​​​​​​(Unaudited)    ​​​​June 30, ​December 31,​    2025    2024ASSETS ​   ​  Current Assets ​   ​  Cash and Cash Equivalents​$ 17,454,585​$ 18,186,506Accounts Receivable, net of allowance for credit losses of $46,000 at June 30, 2025 and December 31, 2024​  1,215,119​  1,609,718Accrued Revenues in Excess of Billings​  383,665​  673,498Inventories, Net​  3,306,310​  4,813,226Manufacturing Vendor Prepayments​  212,368​  372,081Prepaid Expenses and Other Assets​  749,370​  1,067,461​​​​​​​Total Current Assets​  23,321,417​  26,722,490​​​​​​​Long-Term Assets​   ​   Fixed Assets, Net​  8,739,592​  7,584,284Operating Lease Right-of-Use Assets​​ 224,650​​ 494,236Patents and Trademarks, Net​  3,145,174​  2,998,760Technology Licenses, Net​  660,508​  761,043Other Assets, Net​  811,111​  844,445​​​​​​​Total Assets​$ 36,902,452​$ 39,405,258​​​​​​​LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY​ ​​   Current Liabilities​   ​   Accounts Payable​$ 1,107,238​$ 538,221Unearned Revenue​  93,027​  125,901Accrued Expenses​  1,565,655​  945,752Income and Other Taxes Payable​  47,406​  8,163Operating Lease Right-of-Use Liabilities​​ 224,650​​ 494,236​​​​​​​Total Current Liabilities