Company: MITQ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001770236-25-000021
Chunk: 3

Company: MOVING iMAGE TECHNOLOGIES INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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ITEM 1.FINANCIAL STATEMENTS

MOVING IMAGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands except share and per share amounts)

​

​​​​​​​​​    March 31,​June 30,     ​​2025    2024​​​(unaudited)​​​​Assets ​   ​   Current Assets: ​   ​   Cash​$ 5,369​$ 5,278​Accounts receivable, net​  940​  1,048​Inventories, net​  3,065​  3,117​Prepaid expenses and other ​  241​  470​Total Current Assets​  9,615​  9,913​Long-Term Assets:​   ​   ​Right-of-use asset​​ 1,142​​ 144​Property and equipment, net​  18​  28​Intangibles, net​  378​  422​Other assets​  15​  16​Total Long-Term Assets​  1,553​  610​Total Assets​$ 11,168​$ 10,523​​​ ​​   ​Liabilities And Stockholders’ Equity​   ​   ​Current Liabilities:​   ​   ​Accounts payable​$ 2,745​$ 2,261​Accrued expenses​  351​  320​Customer refunds​​ 288​​ 399​Customer deposits​  1,534​  1,651​Lease liability–current​  219​  151​Unearned warranty revenue ​  53​  31​Total Current Liabilities​  5,190​  4,813​​​   ​   ​Long-Term Liabilities:​   ​   ​Lease liability–non-current​  979​  —​Total Long-Term Liabilities​  979​  —​Total Liabilities​  6,169​  4,813​Stockholders’ Equity​ ​​ ​​Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,933,679 and 9,896,850 shares issued and outstanding at March 31, 2025